STOCK TITAN

Sunshine Biopharma Inc. - SBFM STOCK NEWS

Welcome to our dedicated page for Sunshine Biopharma news (Ticker: SBFM), a resource for investors and traders seeking the latest updates and insights on Sunshine Biopharma stock.

Sunshine Biopharma Inc (SBFM) is a pharmaceutical company based in Montreal, Quebec, Canada, offering a wide range of life-saving medicines in therapeutic areas such as oncology and antivirals. The company's proprietary drug development program includes K1.1 mRNA for liver cancer, SBFM-PL4 for SARS Coronavirus infections, and Adva-27a for pancreatic cancer. With two reportable segments, Generic Pharmaceuticals and Nonprescription Over-The-Counter Products, Sunshine Biopharma generates most of its revenue from the Generic Pharmaceuticals segment.

Rhea-AI Summary

Sunshine Biopharma Reports Increased Cash Reserves

MONTREAL, Aug. 04, 2022 - Sunshine Biopharma (NASDAQ: SBFM, SBFMW) announced a cash increase to $41.7 million as of June 30, 2022, up from $2 million at year-end 2021, following recent financings.

Highlights from the second quarter report include:

  • Completed $8 million securities offering and additional $8 million private placement.
  • Sales of its Essential 9™ supplement reached $272,952 in H1 2022, up from $92,032.
  • Net loss reduced to $1.8 million from $9 million YoY.

The cash reserves bolster ongoing drug development and expansion efforts.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
Tags
-
Rhea-AI Summary

Sunshine Biopharma (NASDAQ: SBFM, SBFMW) announced an agreement to provide additional resources to the University of Arizona R. Ken Coit College of Pharmacy to expedite the development of PLpro inhibitors. This initiative includes the ongoing development of SBFM-PL4, aimed at combating SARS-CoV-2. Led by Dr. Gregory Thatcher, the research focuses on safety and efficacy testing against new Omicron variants. Sunshine Biopharma is also advancing its anticancer compound Adva-27a, targeting multidrug-resistant cancers in clinical trials set at McGill University.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8%
Tags
none
-
Rhea-AI Summary

Sunshine Biopharma, focused on oncology and antiviral drug development, announced the closing of a private placement raising approximately $19.5 million on April 28, 2022. The company issued 4,862,845 units at $4.01 each, which include shares and warrants exercisable at $3.76 each for a total of 9,725,690 shares. The funds will support ongoing research, including treatments for COVID-19 and drug Adva-27a, targeting multidrug-resistant cancer cells. The company plans clinical trials in Canada and is collaborating with the University of Arizona on additional drug research.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
Rhea-AI Summary

Sunshine Biopharma Inc. (NASDAQ:SBFM) has successfully completed a $19.5 million private placement, with Aegis Capital Corp. serving as the exclusive placement agent. This financing will support the advancement of its lead compound, SBFM-PL4, targeting COVID-19, and Adva-27a, an anticancer drug effective against multidrug-resistant cancer cells. Clinical trials for pancreatic cancer are planned in collaboration with McGill University. The company holds all patents related to Adva-27a, highlighting its strong position in developing innovative therapeutics.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.61%
Tags
none
-
Rhea-AI Summary

Sunshine Biopharma has entered into a securities purchase agreement for approximately $19.5 million in gross proceeds. The offering involves issuing 4,862,845 units at a price of $4.01 per unit, which includes shares and warrants. The exercise of warrants could lead to 9,725,690 additional shares. The transaction, expected to close around April 28, 2022, is facilitated by Aegis Capital Corp. Sunshine Biopharma is also working on treatments for COVID-19 and developing the anticancer compound Adva-27a, targeting several resistant cancer types.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.71%
Tags
none
-
Rhea-AI Summary

Sunshine Biopharma (SBFM, SBFMW) has filed a provisional patent application in the U.S. for mRNA molecules shown to effectively target cancer cells in pre-clinical trials. The mRNA demonstrated minimal toxicity to normal human cells while exhibiting cytotoxicity against various cancer types, including multidrug resistant breast and pancreatic cancer. Additionally, the company is enhancing its COVID-19 treatment research, having synthesized potential inhibitors and secured a collaboration with the University of Arizona. Clinical trials for its anticancer compound Adva-27a are planned at a Montreal hospital.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.42%
Tags
none
Rhea-AI Summary

Sunshine Biopharma (NASDAQ: SBFM, SBFMW) announced promising results from tests on new mRNA molecules designed to combat cancer. These molecules effectively destroyed cancer cells including multidrug resistant breast cancer and pancreatic cancer cells, while showing minimal toxicity to normal human cells. The company plans to file a patent application soon. Additionally, Sunshine Biopharma is developing treatments for COVID-19 and Adva-27a, an anticancer drug aimed at multidrug resistant cancers, with clinical trials planned at McGill University.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
148.23%
Tags
none
-
Rhea-AI Summary

Sunshine Biopharma (NASDAQ:SBFM) has successfully completed an $8 million private placement with the assistance of Aegis Capital Corp. as the exclusive placement agent. This funding will support the development of SBFM-PL4, a potential treatment for COVID-19, which has shown promise in preliminary tests against the virus. In addition to COVID-19 research, Sunshine Biopharma is developing Adva-27a, an anticancer compound effective against multidrug-resistant cancer cells. Clinical trials for Adva-27a in treating pancreatic cancer are planned at McGill University.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.15%
Tags
none
-
Rhea-AI Summary

Sunshine Biopharma (NASDAQ: SBFM, SBFMW) announced the completion of a private placement, raising approximately $8 million. The company issued 2,301,353 shares of Common Stock with investor warrants and 1,302,251 pre-funded warrants. Each share with investor warrants was sold at $2.22, while pre-funded warrants were sold at $2.219. The exercise price for investor warrants is $2.22, expiring in five years. Sunshine Biopharma is advancing oncology and antiviral drug development, including potential COVID-19 treatments and the anticancer compound Adva-27a.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.15%
Tags
none
Rhea-AI Summary

Sunshine Biopharma, Inc. (SBFM, SBFMW) announced a securities purchase agreement generating approximately $8.0 million from institutional and accredited investors. The offering involves 3,603,604 units priced at $2.22 each, with each unit consisting of a share of common stock and a non-tradable warrant. The closing is expected around March 14, 2022. Sunshine Biopharma is developing treatments for COVID-19 and various cancers, including its lead compound SBFM-PL4 and anticancer drug Adva-27a, with clinical trials planned in collaboration with prestigious institutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.58%
Tags
none

FAQ

What is the current stock price of Sunshine Biopharma (SBFM)?

The current stock price of Sunshine Biopharma (SBFM) is $3.24 as of December 24, 2024.

What is the market cap of Sunshine Biopharma (SBFM)?

The market cap of Sunshine Biopharma (SBFM) is approximately 6.5M.

Where is Sunshine Biopharma Inc based?

Sunshine Biopharma Inc (SBFM) is based in Montreal, Quebec, Canada, at 469 Jean-Talon West, 3rd floor.

What are the core therapeutic areas of focus for Sunshine Biopharma Inc?

Sunshine Biopharma Inc focuses on therapeutic areas such as oncology and antivirals, offering life-saving medicines in these fields.

What are the key segments of Sunshine Biopharma Inc's business?

The company has two reportable segments: Prescription Generic Pharmaceuticals and Nonprescription Over-The-Counter Products, with the majority of revenue coming from the Generic Pharmaceuticals segment.

What are the main components of Sunshine Biopharma Inc's drug development program?

Sunshine Biopharma Inc's drug development program includes K1.1 mRNA for liver cancer, SBFM-PL4 for SARS Coronavirus infections, and Adva-27a for pancreatic cancer.

How does Sunshine Biopharma Inc generate revenue?

Sunshine Biopharma Inc generates the majority of its revenue from the Generic Pharmaceuticals segment.

What was the recent financial activity of Sunshine Biopharma Inc?

Sunshine Biopharma Inc recently announced a $10.0 million public offering to support its operations and working capital, with the proceeds expected to be used for general corporate purposes.

What are some of the recent achievements of Sunshine Biopharma Inc?

Sunshine Biopharma Inc received approval from Health Canada for its Biosimilar product NIOPEG, a pegylated form of filgrastim, demonstrating the company's commitment to leadership in the pharmaceutical sector.

What is the outlook for Sunshine Biopharma Inc in terms of new product launches?

Sunshine Biopharma Inc plans to launch 32 additional drugs in Canada in 2024 and 2025, expanding its product offering and market presence.

How does Sunshine Biopharma Inc contribute to the cancer treatment landscape?

Sunshine Biopharma Inc's products like Adva-27a for pancreatic cancer and K1.1 mRNA for liver cancer aim to provide innovative solutions in cancer treatment.

What is the company's goal in terms of profitability?

Sunshine Biopharma Inc is diligently working towards achieving profitability while focusing on growth, expansion, and bringing life-saving drugs to market.

Sunshine Biopharma Inc.

Nasdaq:SBFM

SBFM Rankings

SBFM Stock Data

6.48M
1.99M
0.23%
1.84%
11.7%
Drug Manufacturers - Specialty & Generic
Pharmaceutical Preparations
Link
United States of America
FORT LAUDERDALE