VANCOUVER, Feb. 26, 2019 /CNW/ - Sirona Biochem
Corp. (TSX-V: SBM) (FSE: ZSB) (the "Company") announces that
it will exhibit at The Personal Care and Homecare Ingredients trade
show (PCHi 2019) in Guanzhou China Feb
26-28th 2019. The PCHi 2019 trade show is
China's #1 sourcing platform for
the global personal care industry
https://www.pchi-china.com/en/. Sirona will be principally
promoting its novel skin lightening agent TFC-1067 in addition to
its anti-wrinkle and anti-aging compounds.
Sirona's business development team in China, will be supported by a
large Chinese cosmetic distribution company. The distribution
company is working closely with Sirona through a memorandum of
understanding to establish an optimal pathway to commercialize
TFC-1067 into the Chinese skin lightening market. The PCHi
2019 will introduce Sirona's technology to an estimated 75 cosmetic
companies and numerous market experts. The business development
team assembled has local knowledge and expertise that allows Sirona
to navigate this immense opportunity.
Thanks to the efforts of PRC Partners Limited, Sirona has
established a strong and experienced team with the diverse skill to
navigate the optimal pathways to commercialize into this market.
The global skin lightening market is estimated to grow to
US$31.2 billion by 20241.
Asia makes up the largest and
fastest growing segment of the market.
Sirona would also like to thank the strong support for our
recently announced financing which has been filed with the TSX
Venture exchange. The Offering is subject to TSX Venture Exchange
("TSXV") final acceptance of requisite regulatory filings.
When approved by the TSXV, a news release will be issued by the
company.
About Sirona Biochem Corp.
Sirona Biochem is a cosmetic ingredient and drug discovery
company with a proprietary platform technology. Sirona specializes
in stabilizing carbohydrate molecules with the goal of improving
efficacy and safety. New compounds are patented for maximum revenue
potential.
Sirona's compounds are licensed to leading companies around the
world in return for licensing fees, milestone fees and ongoing
royalty payments. Sirona's laboratory, TFChem, is in France and is the recipient of multiple French
national scientific awards and European Union and French government
grants. For more information, please
visit www.sironabiochem.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Sirona Biochem cautions you that statements included in this
press release that are not a description of historical facts may be
forward-looking statements. Forward-looking statements are only
predictions based upon current expectations and involve known and
unknown risks and uncertainties. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of release of the relevant information, unless
explicitly stated otherwise. Actual results, performance or
achievement could differ materially from those expressed in, or
implied by, Sirona Biochem's forward-looking statements due to the
risks and uncertainties inherent in Sirona Biochem's business
including, without limitation, statements about: the progress and
timing of its clinical trials; difficulties or delays in
development, testing, obtaining regulatory approval, producing and
marketing its products; unexpected adverse side effects or
inadequate therapeutic efficacy of its products that could delay or
prevent product development or commercialization; the scope and
validity of patent protection for its products; competition from
other pharmaceutical or biotechnology companies; and its ability to
obtain additional financing to support its operations. Sirona
Biochem does not assume any obligation to update any
forward-looking statements except as required by law.
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(1) Global Industry
Analysts (2018, March). Obsession with Lighter Skin Tones in Asia,
the Middle East & Africa Drives Opportunities in the Global
Skin Lighteners Market Retrieved from
https://www.strategyr.com/MarketResearch/Skin_Lighteners_Market_Trends.asp
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SOURCE Sirona Biochem Corp.