Last C$0.16 CAD
Change Today -0.005 / -3.12%
Volume 714.6K
SBM On Other Exchanges
As of 3:59 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

sirona biochem corp (SBM) Snapshot

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09/30/13 - C$0.21
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07/18/14 - C$0.09
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sirona biochem corp (SBM) Details

Sirona Biochem Corp. operates as a cosmetic ingredient and drug discovery company in Canada. The company develops programs in three areas, including diabetes and cancer therapeutics; anti-aging and depigmenting agent in cosmeceuticals; biological ingredients, such as inducers and adjuvants for biological development. It develops a sodium glucose co-transporter inhibitor for the treatment of Type 2 diabetes; and a cancer vaccine antigen. The company was formerly known as High Rider Capital Inc. and changed its name to Sirona Biochem Corp. in May 2009. Sirona Biochem Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.

Founded in 2006

sirona biochem corp (SBM) Top Compensated Officers

Founder, Chairman of the Board, Interim Chief...
Total Annual Compensation: C$95.0K
Chief Financial Officer and Director
Total Annual Compensation: C$102.0K
Compensation as of Fiscal Year 2013.

sirona biochem corp (SBM) Key Developments

Sirona Biochem Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Sirona Biochem Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of RMB 15,959,000 against RMB 51,261,000 a year ago. Loss before income tax was RMB 11,905,000 against RMB 26,838,000 a year ago. Loss for the period was RMB 14,728,000 against RMB 24,529,000 a year ago. Net cash used in operating activities was RMB 14,224,000 against net cash from operating activities of RMB 540,000 a year ago. Purchase of property, plant and equipment was RMB 9,000 against RMB 269,000 a year ago. Intangible assets acquired were RMB 285,000. For the six months, the company reported revenue of RMB 60,249,000 against RMB 138,566,000 a year ago. Loss before income tax was RMB 36,968,000 against RMB 35,067,000 a year ago. Loss for the period was RMB 35,241,000 against RMB 29,629,000 a year ago. Net cash from operating activities was RMB 4,193,000 against net cash used in operating activities of RMB 23,154,000 a year ago. Purchase of property, plant and equipment was RMB 3,993,000 against RMB 5,963,000 a year ago. Intangible assets acquired were RMB 285,000.

Sirona Biochem Announces Successful Completion of Two First Line Studies by Wanbang Biopharmaceuticals

Sirona Biochem Corp. announced that Wanbang Biopharmaceuticals has completed two pre-clinical efficacy studies of its SGLT2 inhibitor SBM-TFC-039. The studies independently confirm that SBM-TFC-039 increased Urinary Glucose Excretion and improved Oral Glucose Tolerance in normal SD rats. The results were consistent with those previously completed by Sirona Biochem. The next steps in the validation of SBM-TFC-039 will be the Pharmacokinetic study and the 14 day toxicology repeated administration on normal SD rats. If further positive results are obtained, as expected, Wanbang will have completed the first milestone of its license agreement with Sirona Biochem. This will trigger a second payment to Sirona from Wanbang Biopharmaceuticals, part of the $9.5M in upfront and milestone payments.

Sirona Biochem Corp. Announces Management Changes

Sirona Biochem Corp. announced that Neil Belenkie has resigned as Chief Executive Officer of the company. Neil has agreed to stay on with the company to assist in the transition until July 18, 2014. Dr. Howard Verrico has been appointed interim CEO by the board of directors.


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