Sirona Biochem Announces Exclusive Global Licensing Agreement with Allergan Aesthetics
June 13 2022 - 8:00AM
Sirona Biochem Corp. (TSX-V: SBM) (FSE: ZSB) (OTC: SRBCF)
(“
Sirona”) is pleased to announce it has entered
into a global exclusive licensing agreement with Allergan
Aesthetics, an AbbVie company (NYSE: ABBV), pursuant to which
Allergan Aesthetics will develop and commercialize topical skin
care treatments based on active ingredients derived from certain of
Sirona’s patents for TFC-1067 and related family of compounds.
“We are very pleased to have finalized terms
with a global leader in medical aesthetics and the innovator behind
SkinMedica™, a leader in the science of skin rejuvenation,” said
Dr. Howard Verrico, CEO of Sirona Biochem. “Our most recent
clinical trial of TFC-1067 was a collaborative effort with Allergan
Aesthetics to demonstrate the clinical potential in topical skin
care treatments. This further validates our platform technology as
viable for additional commercial products which we are actively
pursuing. We would like to thank Dr. Linda Pullan of Pullan
Consulting who assisted with our current success.”
“Allergan Aesthetics’ global presence in the
aesthetic space and goal to further enhance aesthetic medicine
combined with Sirona’s disruptive technology made this all
possible,” reports Dr. Linda Pullan, of Pullan Consulting.
Under the license agreement, Sirona will a
receive an upfront payment and further payments on achievement of
milestones and royalties on product sales and has also agreed to
financial terms as a supplier of its compounds.
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 current pipeline includes further
cosmetic related products for cell preservation and repair, keloid
therapy, scar therapy, anti-aging, anti-wrinkle, and cellulite
treatment. In the pharmaceutical space, Sirona Biochem is working
on a therapeutic for diabetic animals and new anti-viral therapies
for humans. An extensive list of viable options for future programs
applicable to the platform technology is maintained by Sirona’s
chemistry team in France to ensure continued growth of the
company.
Sirona’s compounds are licensed to leading
companies around the world in return for licensing fees, milestone
fees and ongoing royalty payments. Sirona’s scientific development
unit, TFChem in France, is recipient of multiple 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 PRPhone:
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.
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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: uncertainty and risks relating to the
progress and timing of development and commercialization of
products licensed to Allergan Aesthetics, 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 or licensed products that could delay or prevent
product development or commercialization; the scope and validity of
patent protection for its or licensed 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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