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Sirona Biochem Corp
Symbol SBM
Shares Issued 226,309,320
Close 2020-09-08 C$ 0.19
Market Cap C$ 42,998,771
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Sirona Biochem contracts WuXi to manufacture TFC-1067

2020-09-09 07:01 ET - News Release

Dr. Howard Verrico reports

SIRONA BIOCHEM CONTRACTS WUXI APPTEC FOR LARGE-SCALE MANUFACTURING OF TFC-1067

Sirona Biochem Corp. has signed an agreement with contract manufacturing organization (CMO) WuXi AppTec, Shanghai, to launch large-scale production of TFC-1067, a novel skin dark spot remover, for global commercialization.

WuXi has spent four months developing its manufacturing process for commercial-grade TFC-1067. This process was recently completed, resulting in a highly pure production of TFC-1067 with the ability to scale to any quantity needed by Sirona.

Sirona anticipates the need for multikilogram production of TFC-1067 through the remainder of 2020 with sustained large-scale quantities for commercialization required in 2021. To prevent gaps in manufacturing and minimize risk, the compound will be produced in multiple locations. Roowin, the current CMO in France, will remain a producer in addition WuXi.

Given the high potency of TFC-1067, each kilogram of Sirona's active ingredient will produce up to 10,000 consumer-size (50 millilitres) containers of finished product.

"With our current agreement, as well as potential new global organizations developing interest in TFC-1067 as an active ingredient, we anticipate needing significant quantities of product. WuXi AppTec is one of the most highly regarded CMOs in China and have been excellent to work with thus far," said Dr. Howard Verrico, chief executive officer of Sirona Biochem. "We've taken our time choosing a manufacturer in China to ensure we have the most qualified company for the job. We look forward to our relationship with WuXi and are confident about meeting further milestones near term."

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 continuing royalty payments.

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