Sirona Biochem Subsidiary, TFChem, Awarded Financing in Partnership with French Government
March 09 2022 - 3:00AM
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (US-OTC: SRBCF)
(“
Sirona”) is pleased to announce that its wholly
owned subsidiary TFChem, has been awarded financing to develop an
advanced chemistry process that could improve the manufacturing of
active ingredients.
The project will be financed in partnership with
the French government and will include the University of Rouen in
Normandy, the Engineering school INSA of Rouen and the CNRS (The
French National Centre for Scientific Research - among the world's
leading research institutions) to develop “flow chemistry”, an
advanced technology for multistep syntheses of compounds.
Flow chemistry allows for a continuous flow
manufacturing of organic molecules rather than batch type
manufacturing. The technology provides several advantages to the
process development of Sirona’s compounds and actives by reducing
the cost of production, preventing the formation of secondary
products and improving the security of certain chemical
reactions.
The French government will co-finance and hire a
postdoctoral student full time on the project and will allow the
free use of a facility at the university as well as access to the
specialized equipment required to develop the process. The student
will share time between TFChem’s laboratory in Val de Reuil and the
Institute of Organic chemistry in Rouen (IRCOF). The contract will
be for one year.
About Sirona Biochem
Corp.Sirona Biochem is a cosmetic ingredient and drug
discovery company 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
located 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:Jonathan WilliamsManaging
DirectorMomentum PRCanadaPhone: 1.450.332.6939Email:
jwilliams@momentumpr.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.
Sirona Biochem cautions you that statements
included in this press release that are not a description of
historical facts may be forward-looking statements. Forward-looking
statements are only predictions based upon current expectations and
involve known and unknown risks and uncertainties. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of release of the
relevant information, unless explicitly stated otherwise.
Actual results, performance or achievement could differ materially
from those expressed in, or implied by, Sirona Biochem’s
forward-looking statements due to the risks and uncertainties
inherent in Sirona Biochem’s business including, without
limitation, statements about: the progress and timing of its
clinical trials; difficulties or delays in development, testing,
obtaining regulatory approval, producing and marketing its
products; unexpected adverse side effects or inadequate therapeutic
efficacy of its products that could delay or prevent product
development or commercialization; the scope and validity of patent
protection for its products; competition from other pharmaceutical
or biotechnology companies; and its ability to obtain additional
financing to support its operations. Sirona Biochem does not assume
any obligation to update any forward-looking statements except as
required by law.
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