Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (OTC: SRBCF)
(“
Sirona” or the “
Company”)
provides the following update:
Dear Shareholders,
We are thrilled to provide an update on our efforts to bring our
innovative cosmeceutical portfolio to global markets, with the
initial launch set for early 2025.
The commercialization of our first cosmetic product, a serum
containing our GlycoProteMim™ active is progressing smoothly, in
line with the timeline outlined in our previous update. Our
Paris-based cosmetic branding expert has developed a compelling
strategy to position this product as a premium offering in the
anti-aging market. This strategy highlights GlycoProteMim’s™
rejuvenating properties, which will set it apart in a crowded
space. Backed by extensive testing and clinical data, we are
confident that our GlycoProteMim™ serum will provide consumers with
aging skin a breakthrough solution, delivering unmatched benefits
without any observed adverse effects.
We have completed the serum formulation and are now undertaking
the necessary regulatory steps to launch it on the market,
including formulation stability and biocompatibility testing, patch
testing, and clinical trials. Custom-designed containers have been
finalized, and we are in the last stages of completing the
packaging.
We are carefully assessing the most favorable markets for the
initial launch to ensure long-term success. Our internal analysis,
grounded in market data, suggests that a successful launch in just
one key region could bring Sirona to profitability as early as
2025.
In parallel with our direct commercialization plans for
GlycoProteMim™ active, our partnership efforts are advancing. We
have engaged five consulting firms with expertise in key markets
such as Japan, North America, Europe, and Latin America, and are
expanding our reach into additional territories. We are in direct
discussions with companies in India and Korea and are also building
a team in China. Our strategy is to maximize shareholder value
through multiple partnerships with established companies in the
aesthetic space, while Sirona’s direct product launch will serve as
proof of GlycoProteMim’s™ potential and source of near-term
funding.
Financing
The Canadian small-cap market continues to face challenges, but
we are seeing signs of improvement. We are in active discussions
with investment funds to support our financial needs, and the
approaching commercialization of our products has generated
increased interest. We plan to provide a financing update shortly,
in accordance with TSX Venture guidelines. Appropriate financing is
essential to maintaining our momentum. While dilution concerns
remain, we are confident that our plans will generate significant
shareholder value, offsetting these concerns. Shareholder’s
continued support is crucial to our collective success, and we
greatly appreciate your trust and confidence.
We continue to explore non-dilutive funding options in France
and Canada, which remains our preferred approach whenever
feasible.
Product Samples
Demand for product samples has surfaced earlier than expected,
prompting us to adapt our plans. Interest in GlycoProteMim™ has
surged, with key industry players eager to experience the product
firsthand. Samples have already been shipped to several influential
parties who have expressed strong interest.
Pipeline
Sirona Biochem is refining its focus on the cosmetic and
therapeutic skincare sectors, where we see the greatest commercial
potential. Our pipeline includes a range of projects, some of which
are public, while others remain confidential for competitive and
intellectual property reasons. Our French research facility is
developing new generations of molecules to fuel future growth, with
our scientific team leading the way in innovation and discovering
promising new opportunities.
TFC-1067 Global License Agreement
Our commercial partner has recently informed us that they are
actively progressing with the integration of TFC-1067 into their
product lineup. We will keep our shareholders updated on any
developments as allowed by our contractual agreements. We
understand that shareholders are eager for more detailed updates,
and we remain in close communication with our partner.
Summary
Sirona’s management and scientific teams are excited about our
upcoming milestones and are confident in the strong future we
envision within the aesthetic skincare space. Thank you for your
ongoing support as we continue to advance toward our goals.
Sincerely,Sirona Biochem Management Team
About Sirona Biochem Corp.
Sirona Biochem is a biotechnology company
focussing on innovative cosmetic and dermatology active ingredients
with a proprietary platform technology. Sirona specializes in
stabilizing carbohydrate molecules with the goal of improving
efficacy and safety. New compounds are patented for maximum revenue
potential.
Sirona’s compounds are licensed to leading
companies around the world in return for licensing fees, milestone
fees and ongoing royalty payments. Sirona’s laboratory, TFChem, is
in France and is the recipient of multiple French national
scientific awards and European Union and French government grants.
For more information, please visit www.sironabiochem.com.
For more information regarding this press
release, please contact:
Investor Enquiries:
Christopher HoptonChief Financial Officer
Phone: (604) 641-4466Email: info@sironabiochem.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
This news release includes certain statements
that may be deemed “forward-looking statements”. All statements in
this new release, other than statements of historical facts, that
address events or developments that the Company expects to occur,
are forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words “expects”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” and
similar expressions, or that events or conditions “will”, “would”,
“may”, “could” or “should” occur. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in the forward-looking statements. Factors that could cause
the actual results to differ materially from those in
forward-looking statements include market prices, continued
availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward-looking statements. Forward-looking statements are
based on the beliefs, estimates and opinions of the Company’s
management on the date the statements are made. Except as required
by applicable securities laws, the Company undertakes no obligation
to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors,
should change.
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