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Wednesday, October 5, 2011

TFChem Merges with Canadian-based Sirona Biochem

TFChem
March 31, 2011 - TFChem and Canadian-based Sirona Biochem completed their merger on March 31, 2011. An official signing took place in Paris, France.Sirona Biochem Corp. (TSX-V: SBM) (the “Company”), a biotechnology company specializing in therapeutics for diabetes and obesity, announced that it has completed its acquisition of TFChem S.A.S. An official signing took place in Paris, France.

“Carbohydrate-based molecules have tremendous potential as therapeutics and for other commercial applications, such as cosmetics, and this acquisition of TFChem gives Sirona Biochem the opportunity to earn revenue earlier by expanding into these exciting new commercial markets,” said Sirona Biochem’s President Mark Senner. “We feel the addition of TFChem’s expertise and portfolio leverages our therapeutics program and widely expands our partnering opportunities,” he added.

“TFChem has a strong proprietary chemistry method we feel improves the stability, bioavailability, selectivity and efficacy of carbohydrate-based drugs, which are typically very difficult to stabilize,” said Sirona Biochem’s Vice-President, Research & Development, Dr. Bertrand Plouvier. “TFChem’s award-winning chemistry is showing promise in overcoming these stabilization challenges.”

“We chose to partner with Sirona Biochem because we feel their development expertise and strong business model are a perfect match to successfully maximize the commercial value of our programs,” said Dr. Géraldine Deliencourt-Godefroy, Chief Scientic Officer and founder of TFChem...

[...] ...About TFChem

TFChem is a drug-discovery company using fluorine atom properties to develop new glycomimetic compounds. Based in Val de Reuil, France, TFChem aims at becoming a major developer of carbohydrate-based drugs... TFChem's Press Release - Communiqué de Presse TFChem - Sirona Biochem's Press Release -