For Immediate Release February 17, 2021
Phoenix, February 17th, 2021 (Newsfile Corp.) — The Stock Day Podcast welcomed Sunshine Biopharma (SBFM)(“the Company”), a company engaged in the development of Adva-27a, a unique anticancer compound, as well as the development of a treatment for COVID-19. CEO of the Company, Dr. Steve Slilaty, joined Stock Day host Everett Jolly.
Jolly began the interview by commenting on the Company’s significant increase in stock price over the past several months. “I think the market recognizes the significant progress that we’ve been making, and we’re very excited about the science we’ve been doing,” shared Dr. Slilaty.
“Could you give us an update on the licensing agreement with the University of Georgia?”, asked Jolly. “Initially, we teamed up with the University of Georgia because they had worldwide renowned expertise in coronavirus protease inhibitors, and this is what our coronavirus treatment is centered around,” explained Dr. Slilaty. “The University of Georgia had two technologies which were already patented by them and we agreed that they would license them to us on an exclusive basis. In return, we would offer co-development of their compounds in parallel with our own.”
Jolly then asked about the progress of the Company’s COVID-19 treatment. “We are now at the stage where we have initiated mice studies on our SBFM-PL4 protease inhibitor,” said Dr. Slilaty, adding that the Company will also be including the licensed compounds from the University of Georgia in these studies. Dr. Slilaty then elaborated on the process of the mice studies, as well as what would occur in the event of a successful study. “If that were the case, we would file our results with the FDA and request that the FDA authorizes us to proceed to test our compound on actual COVID 19 patients.”
The conversation then turned to the Company’s development of Adva-27a. “So, that is our flagship anticancer compound,” explained Dr. Slilaty. “It is the only drug we’re aware of anywhere in the world that works on multidrug resistant cancer cells,” he shared. “We’re really excited about this. We have ordered a new batch of Adva-27a, and we’re expecting delivery of the new batch any time now,” said Dr. Slilaty, adding that the Company intends to use the compound in mice studies.
“What’s next for the COVID-19 research plan?”, asked Jolly. “At the end of the mice studies, we’re going to file the data of the mice studies with the FDA and request a
review of our results, as well as authorization to proceed with Phase I clinical trials on actual COVID-19 patient volunteers,” explained Dr. Slilaty. “What’s interesting with our drug is the fact that it can be taken orally at home. There is no need for a hospital setting, as is the case right now with current treatments.”
To close the interview, Dr. Slilaty thanked listeners and shareholders for their support and interest as they continue to develop treatments for COVID-19 and cancer. “We hope that we will make a difference in reducing the number of deaths not only in the United States, but around the world.”
To hear Dr. Steve Slilaty’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7801741-sunshine-biopharma-discusses-the-progress-of-its covid-19-and-anticancer-compounds-with-the-stock
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About Sunshine Biopharma
In addition, to working on the development of a treatment for COVID-19, Sunshine Biopharma is engaged in the development Adva-27a, a unique anticancer compound. Tests conducted to date have demonstrated the effectiveness of Adva-27a at destroying Multidrug Resistant Cancer Cells, including Pancreatic Cancer cells, Small-Cell Lung Cancer cells, Breast Cancer cells, and Uterine Sarcoma cells. Clinical trials for Pancreatic Cancer indication are planned to be conducted at McGill University’s Jewish General Hospital in Montreal, Canada. Sunshine Biopharma is owner of all patents and intellectual property pertaining to Adva-27a.
Safe Harbor Forward-Looking Statements
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or
expected, including statements related to the amount and timing of expected revenues statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to general stock market conditions. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing as well as new service lines noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in, the impact of which cannot be predicted at this time.
For Additional Information Contact:
Camille Sebaaly, CFO
Sunshine Biopharma Inc.
Direct Line: 514-814-0464
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