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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.

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Sunshine Biopharma has announced an agreement with the University of Arizona to advance the development of novel PLpro inhibitors. These inhibitors aim to combat SARS-CoV-2 by determining safety and efficacy in preclinical models, specifically MA10 mice. The lead compound, SBFM-PL4, is also undergoing further development at the University of Georgia. The initiative is a crucial step in enhancing treatment options against COVID-19, as highlighted by the company's CEO, Dr. Steve Slilaty.

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Aegis Capital Corp. acted as the sole bookrunner for Sunshine Biopharma Inc.'s $8 million underwritten public offering, aimed at supporting the development of its COVID-19 therapeutic SBFM-PL4 and anticancer compound Adva-27a. Sunshine Biopharma is focused on creating treatments for COVID-19 and aggressive forms of cancer, including pancreatic cancer. The company is moving forward with clinical trials for Adva-27a, which has shown effectiveness against multidrug-resistant cancer cells. This offering could potentially enhance Sunshine Biopharma's financial position as it seeks to progress its research and development initiatives.

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Sunshine Biopharma announced the completion of its public offering of 1,882,353 units at $4.25 each, raising $8 million in gross proceeds. Each unit comprises one share of common stock and two warrants, both exercisable at $4.25. Aegis Capital Corp. managed the offering and was granted a 45-day option to purchase additional securities. The company is advancing SBFM-PL4, a lead compound for COVID-19 treatment, and preparing for clinical trials of Adva-27a, an anticancer drug targeting multidrug-resistant cancer cells.

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Sunshine Biopharma, focused on oncology and antiviral drug development, has priced its public offering of 1,882,353 units at $4.25 each, totaling $8 million. Each unit comprises one share of common stock and two warrants, immediately separable for trading. Aegis Capital is the sole book-running manager and holds a 45-day option for an additional 15% of shares and warrants. The offering will close around February 17, 2022. Sunshine Biopharma's common stock and warrants have been approved for listing on the Nasdaq under symbols SBFM and SBFMW.

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On December 20, 2021, Sunshine Biopharma (SBFM) issued 2,904,833 shares of Common Stock to RB Capital, converting $1,361,000 in convertible debt at an average price of $0.47 per share. The remaining convertible debt totals $1,900,000 at an average conversion price of $0.30, with maturity dates in 2023. This move is expected to enhance the company's financial position while conserving cash for ongoing research in antiviral and anticancer drug development. Key projects include SBFM-PL4, a potential COVID-19 treatment, and Adva-27a, targeting multidrug-resistant cancers.

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Sunshine Biopharma (OTC PINK: SBFM) has expanded its board from three to five members by appointing three new independent directors: Andrew Tesley, JD Kish, and Dr. Rabi Kiderchah. This strategic move is part of the company's application process to uplist to Nasdaq. The new directors bring valuable expertise in legal, accounting, and medical fields. Mr. Camille Sebaaly has resigned as a director but will continue as CFO. Sunshine Biopharma is advancing treatments for COVID-19 and cancer, including ongoing studies on potential inhibitors of SARS-CoV-2 and the anticancer drug Adva-27a.

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Sunshine Biopharma (SBFM) has filed a patent application for a novel treatment targeting neurodegenerative disorders. This application, dated October 1, 2021, presents data indicating that specific mRNA molecules can protect neuronal cells from oxidative stress, a condition mimicking neuronal degeneration. Neurodegenerative diseases affect millions globally, with no known cures. The company aims to develop a therapeutic approach that could potentially alleviate symptoms and halt disease progression.

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Sunshine Biopharma (SBFM) announced significant advancements in its drug development for COVID-19 and cancer therapies. The company mapped mutations from Delta and other variants, finding that most mutations affect the Spike protein, leaving their PLpro inhibitors likely effective against ongoing variants. The lead compound, SBFM-PL4, is being tested in mice engineered to be susceptible to SARS-CoV-2. Additionally, Sunshine Biopharma is progressing with Adva-27a, an anticancer compound, demonstrating effectiveness against multidrug-resistant cancer cells. Clinical trials for pancreatic cancer are planned.

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Sunshine Biopharma (SBFM) has launched an official Twitter account (@SunshineBio1) to enhance communication with shareholders, following feedback regarding preferred engagement methods. The company aims to utilize this platform for timely updates, recognizing the importance of transparency in modern information dissemination. Sunshine Biopharma is advancing potential Covid-19 treatments and developing the anticancer compound Adva-27a. While the company emphasizes shareholder engagement, it also acknowledges the inherent risks and uncertainties in meeting financial expectations and achieving profitability.

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Sunshine Biopharma (SBFM) has secured $900,000 in additional funding from RB Capital Partners, bringing total investments to over $3.5 million. This convertible debt has a conversion price of $0.30 per share. The funds will boost the development of its COVID-19 protease inhibitor and the anticancer drug Adva-27a. The company is advancing treatments targeting SARS-CoV-2 and is preparing for clinical trials related to pancreatic cancer at McGill University. Despite the progress, Sunshine Biopharma cautions of various risks impacting growth and profitability.

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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
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United States of America
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