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SOHM, Inc. (SHMN) is a pharmaceutical, nutraceutical, cosmeceutical, and biotech company that focuses on manufacturing and marketing generic drugs across various treatment categories. The company recently announced the filing of a provisional patent application for its ABBIE 'Smart Gene-Editing' platform, designed to tackle off-target gene-editing limitations. SOHM is strategically organized into different business units, including OTC Self-care, Branded Generics, and Contract Development Manufacturing (CDMO), with a particular focus on gene-editing bio-kits through the ABBIE platform.
With its advanced technology and collaborations with leading biotech organizations like Coastar Therapeutics, SOHM is at the forefront of genome editing technologies, aiming to revolutionize the treatment of genetic diseases and develop innovative therapies. The company's commitment to precision medicine and strategic partnerships places it in a unique position to drive growth and innovation in the pharmaceutical and biotech sectors.
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SOHM, Inc. (SHMN) announced its business outlook for 2024, detailing market backgrounds, business strategies, and revenue expectations for its OTC Self-care, Branded Generics, CDMO Services, and Biotech Gene-Editing Kit business units.
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SOHM, Inc. (SHMN) announces the opening of a new CDMO GMP manufacturing facility in Carlsbad, California, to meet the growing demand for its pharmaceutical, nutraceutical, and cosmeceutical products. The facility will have an initial daily capacity of 500 gallons and aims to complete the engineering batches produced in the San Diego facility by Q1 2024. The company's strategic plan to enhance production capacity and efficiency aligns with the expanding bio and pharma CDMO market, which is expected to grow to $309 billion by 2028.
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SOHM, Inc. (OTC PINK: SHMN) announces the launch of 13 new SOHM Nutrients’ Brand Chewables, targeting the global vitamin gummies market. The global vitamins market, valued at $6.84 billion in 2022, is expected to reach $18.76 billion by 2031, with a CAGR of 12.06% between 2023-2031. The new chewables offer bone health, skin health, immune boost, mineral replenishment, and sleep aid, featuring convenience, taste, and sought-after ingredients. They will be available for retail and bulk purchases through Amazon.com and the company’s Direct-to-Consumers Website at competitive prices. Dr. David Aguilar, COO of SOHM, anticipates a significant impact on sales, with plans to announce additional OTC Self-care products launches in 2024.
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SOHM, Inc. announces collaboration with University of Arizona Center for Innovation to develop ABBIE gene-editing kit technology.
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SOHM, Inc. has acquired ABBIE, a gene-editing platform, positioning itself in the $5.3 billion gene-editing market. The gene-editing market is expected to grow to $10.8 billion by 2028. ABBIE is undergoing development to become high-quality cell engineering kits. Revenue can be generated immediately through licensing and gene-editing kits to be released in 2024. ABBIE is expected to reach in-human trial by 2025. ABBIE was acquired for $10 million from CGA 369. ABBIE's development will be presented at scientific conferences in 2024.
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SOHM, Inc. appoints Wm. Dewey Rushing as Vice President-Quality, bringing valuable expertise in pharmaceutical quality validation and compliance. Rushing's experience will be valuable as the company diversifies its portfolio and expands to new markets.
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SOHM, Inc. appoints Dr. Krishna Bhat as Chief Medical Advisor, bringing valuable expertise in cardiology. Dr. Bhat's experience will support the planned acquisition of ABBIE Technology and its innovative patents, clinical trials, diagnostic kits, and cardiac treatments. Dr. Bhat is a renowned Clinical and Interventional Cardiologist with over 35 years of practice and has authored 16 medical scientific publications. The acquisition of ABBIE Technology and the development of the San Diego plant are expected to create new opportunities and increase revenues for SOHM.
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SOHM, Inc. has signed a letter of intent to acquire stem cell disruptive technology and patents called 'ABBIE'. The technology aims to create novel products and solutions in the regenerative medicine and cosmeceutical industries. The patents have been approved in China and are pending in the U.S., EU, Japan, and South Korea.
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SOHM Inc. has secured $5 million in financing for its San Diego pharmaceutical plant and future projects. The funding will support the company's growth strategy and allow for faster plant operations.
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FAQ
What is the current stock price of SOHM (SHMN)?
The current stock price of SOHM (SHMN) is $0.0012 as of October 15, 2024.
What is the market cap of SOHM (SHMN)?
The market cap of SOHM (SHMN) is approximately 2.0M.
What are the core business areas of SOHM, Inc.?
SOHM, Inc. operates in pharmaceutical, nutraceutical, cosmeceutical, and biotech sectors, focusing on manufacturing and marketing generic drugs across various treatment categories.
What recent announcement did SOHM make regarding its ABBIE platform?
SOHM recently filed a provisional patent application for its ABBIE 'Smart Gene-Editing' platform, which aims to address off-target gene-editing limitations and enhance precision in genetic engineering.
What strategic collaborations has SOHM engaged in to advance its gene-editing technologies?
SOHM has partnered with leading biotech organizations like Coastar Therapeutics to leverage innovative drug delivery systems and cutting-edge gene-editing technologies, positioning the company at the forefront of genome editing advancements.
How is SOHM contributing to the field of precision medicine?
SOHM's focus on precision medicine, strategic alliances, and commitment to developing safe and targeted gene-editing solutions demonstrate the company's dedication to revolutionizing the treatment of genetic diseases and driving innovation in the biotech sector.
What sets SOHM apart in the pharmaceutical and biotech industry?
SOHM's advanced technology, business unit structure, and collaborations with key industry players position the company as a leader in genome editing technologies, with a strong emphasis on developing novel therapies and advancing scientific research.
How does SOHM plan to achieve growth and innovation in the pharmaceutical market?
SOHM's strategic approach, focus on gene-editing bio-kits, and expansion into emerging healthcare segments demonstrate the company's commitment to driving revenue growth and making a significant impact in the pharmaceutical and biotech sectors.
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