In Contact with SEC
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BUYOUT ? "Competition,We will be competing with publicly and privately held companies engaged in developing cancer therapies. There are numerous other entities engaged in this business that have greater resources, both financial and otherwise, than the resources presently available to us. Nearly all major pharmaceutical companies including Amgen, Roche, Pfizer, Bristol-Myers Squibb and Novartis, to name just a few, have on-going anti-cancer drug development programs and some of the drug they may develop could be in direct competition with our drug. Also, a number of small companies are also working in the area of cancer and could develop drugs that may be in competition with ours. However, none of these competitor companies can use molecules similar to ours as they would be infringing our patents"
"We anticipate that the clinical trials will be completed by late 2015"
Are the Phase I clinical trials completed ?
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"Clinical Trials
Adva-27a’s initial indication will be multidrug resistant breast cancer for which there are little or no treatment options. In June 2011 we concluded an agreement with McGill University’s Jewish General Hospital in Montreal, Canada to conduct Phase I clinical trials for this indication. All aspects of the planned clinical trials in Canada will employ U.S. Food and Drug Administration (“FDA”) standards at all levels. We anticipate that the clinical trials will be completed by late 2015, at which time we, together with our licensor, expect to file for limited marketing approval with the regulatory authorities in Canada and the FDA in the U.S. See “Marketing,” below.
Marketing
According to the American Cancer Society, nearly 1.5 million new cases of cancer are diagnosed in the U.S. each year. Given the terminal and limited treatment options available for the multidrug resistant breast cancer indication we are planning to study, we anticipate being granted limited marketing approval (“compassionate-use”) for our Adva-27a following receipt of funding and a successful Phase I clinical trial. There are no assurances that either will occur. Such limited approval will allow us to make the drug available to various hospitals and health care centers for experimental therapy and/or “compassionate-use”, thereby generating some revenues in the near-term.
We believe that upon successful completion of Phase I Clinical Trials we may receive one or more offers from large pharmaceutical companies to buyout or license our drug. However, there are no assurances that our Phase I Trials will be successful, or if successful, that any pharmaceutical companies will make an acceptable offer to us. In the event we do not consummate such a transaction, we will require significant capital in order to manufacture and market our new drug."
Current Report Filing (8-k)
Print
Alert
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 28, 2015
SUNSHINE BIOPHARMA, INC.
(Exact name of small business issuer as specified in its charter)
Colorado
000-52898
20-5566275
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer ID No.)
469 Jean-Talon West
3rd Floor
Montreal, Quebec, Canada H3N 1R4
(Address of principal executive offices)
(514) 764-9698
(Issuer’s Telephone Number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
Effective December 28, 2015, we executed a Patent Purchase Agreement (the “Purchase Agreement”), with Advanomics Corporation, Montreal, Canada (“Advanomics”), pursuant to which we acquired all of the right, title and interest in and to all of the remaining worldwide patent rights (Patent NumbersPCT/FR2007/000697 and PCT/CA2014/000029) (the “Patents”) for our anticancer compound, Adva-27a. In October 2015, we had previously acquired all of the US Patent rights from Advanomics, so as a result of this transaction we now own all of the relevant patent rights throughout the world for Adva-27a. The Purchase Agreement provides us with direct ownership of the Patents,
The purchase price paid by us for these patent rights was $12,822,499, which will be paid pursuant to the terms of a secured promissory note, with quarterly payments of principal and interest beginning in March 2016 and continuing each consecutive calendar quarter thereafter through December 2020. Advanomics has been granted a security interest in the Patents.
Certain members of our management, including Steve N. Slilaty, our President, CEO and a director and Camille Sabaaly, our Secretary and a director, hold similar positions with Advanomics. We believe that the terms of the patent acquisitions are fair and reasonable and will result in a greater opportunity for Sunshine to obtain the funding necessary to complete the approval process of the FDA for Adva-27a.
A copy of the Patent Purchase Agreement, including the relevant Note is attached to this report as an exhibit.
Item 7.01 Regulation FD Disclosure
Our Press Release relating to the execution of the Patent Purchase Agreement described above is attached as Exhibit 99.10 and is hereby incorporated.
Item 9.01 Financial Statements and Exhibits
(b) Exhibits. The following exhibits are included in this report:
Exhibit No. Description 10.9 Patent Purchase Agreement with Advanomics Corporation 99.10 Press Release announcing the acquisition of the Patents.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SUNSHINE BIOPHARMA, INC.
Dated: December 28, 2015
By:
/s/ Dr. Steve N. Slilaty
Dr. Steve N. Slilaty, Chief Executive Officer
Title
3
Exhibit 10.9
PATENT PURCHASE AGREEMENT
By and Between
SUNSHINE BIOPHARMA, INC.
And
ADVANOMICS CORPORATION
Dated as of December 28, 2015
Merry Christmas and Happy Hanukkah to all !
Merry Christmas and Happy Hanukkah to all !
Good Morning VPRO and fellow investors..Let's Rock n Roll !
Good Morning SUNE investors!
What you're seeing is the recent buys vs sells.
Go sell if you're nervous ..no one cares . What people
care about is posting foolish info.
Incredible.....Don't you realize that the total sold since it free fell from June 2015 ($32 PPS) till last week still out weighs the buys vs sells by much much more.
It's total isn't over bought in the big scheme of things...it's over sold.
Other mod deleted it because it doesn't belong up there as a sticky. A sticky isn't for asking questions.
That's what the board is for.
Remove it.
Stickys should be for info regarding the VPRO ,not personal questions,that's what the board is for !
He gets away with it because he's a mod. Email Admin and notify them of this blatant abuse of his Mod duties !
Here's snippet from the article, boy oh boy are these shorts in trouble.
"The Bottom Line on SUNE Stock
The influx of good news might have made short sellers a bit nervous. In the past several months, short interest on SUNE stock has increased substantially, as the SUNE stock price tanked.
On June 30, short interest stood at 69,841,546. By November 30, short interest had surged to 119,305,248. As a percentage of the float, short interest rose from 26.25% to 44.83% during this period. (Source: “SunEdison Inc. Short Interest,” NASDAQ web site, last accessed December 16, 2015.)
[bold]Note that those who shorted SunEdison stock will eventually have to cover their positions. If more good news comes or the upward momentum in SunEdison’s stock price continues, there could be another short squeeze."[/bold]
Hey Everyone...
The past is the past,let's think about what we have now and stop the
Correct..it's no where near over bought. This stock was being dumped since 6 months ago from $36 down to $2 bucks.
Who makes up this nonsense .
NO WAY IT'S OVERBOUGHT ,IF ANYTHING IT WAS OVERSOLD !
Sticky this post !
Also be up to date with their filings,which is several years..hence the new firm they hired.
I read all the filings and aware of what happen with CT.
As for Alias7 ,was just directing someone to read around that time
to get an idea of all the turmoil ,so as not to believe the recent poster bringing up old stuff that has been rehashed a million times.
Many people were upset back then,not just Alias7.
It's different now and I'm just waiting for the merger to be finalized.
All that other stuff I really don't care..I'm here for my style of trading.
Thanks
Yep, something odd about him.
I went back several years reading the post here and he knows the answers ,but still seems bent on bringing up post that he already knows the answers to.
Anyone interested start around Jan of this year (less reading) and read Alias7 posts.
Regardless of what's going on behind the scene(lots of bad blood) a merger will do wonders for this stock.
I've been trying to find out about any shares and if they have restrictions ,due to the lawsuit regarding CT and previous mergers that didn't go thru due to infighting .
So much stuff went on starting around 2011 it's hard to know what's what anymore. I believe an employee of VPRO use to post here as well. Find Alias7 ,because he posted to him .
That being said..LET'S ROCK THIS MERGER VPRO!
Shorties are in panic mode and desperate ,they will go to any length
to panic us into selling.
Even if true, it's very common to get hit by what is called a
"Drop Lawsuit"
Go look it up peeps..a stock drops in price and company gets sued..very common .
Nothing to worry or see here .
LET'S GO SUNE
Yes, yes, yes, I'm very aware of connection with Buffet and Keystone PL and it's nice to know you are aware of what's really going on too.
It amazes how many people believe all the crap lies spewed about the keystone pipe line. The MSM never report on these $ connections and the back door deals made.
Meanwhile wind energy kills thousands and thousands of birds and eagles. Go see the videos on youtube..so sad.
I'm for solar over wind any day and everyday,but not for the reasons
the left spew.
Buffett always says rich people like him should pay more taxes — but he's a bald face liar, Berkshire Hathaway hasn’t paid what it’s already owed for years. Buffet has been fighting the Gov for years in order to not pay these taxes and admits it.
Buffet one of the biggest lying hypocrites out there !
I could go on and on and on about these hypocrites.
LET'S GO SUNE !
A week ago I said $12 bucks in a month..so we have 3 weeks to go.
LET'S GO BOOM BOOM SUNE !
This political save the planet is a big scam in itself..it's the U.N. that's behind it, looking to bag big bucks for other nations who's people will never see a dime of it!
Their political leaders will get filthy rich !
In the meantime ,I'll make bank $ off these scammers .
Get a piece of the pie ,if you know what I mean :)
You know what..I've learned there's always going to be scum in this world..always. They existed since the beginning of time and will always exist .
So I figure,you know what, I might as well make money and follow the money..I mean who cares..these billionaires don't even know I exist.
Don't get me wrong,I'm all for capitalism ,but not crony capitalism with all the dirty backroom deals with businessmen and politicians etc
These guys on that list are very sharp ,you have to be to accumulate that kind of money,I give them credit,but some of them are also very shady and dirty players and use their power for nefarious means.
That being said..
LET'S GO SUNE !
5 million loan is nothing..it would take a lot more than 5 mill to get this thing blitz all over the media..shoo 5 mill isn't even enough to correctly market /advertise this beverage.
It's a joke along with the rest of the terms in this deal.
The drink taste good,not bad ,but it's too freaking sweet. I want to know who was the taster who gave it the green light..a 10 year old with a sweet tooth ?
Plus they should have used Stevia to sweeten it..peeps see stevia they likey.
Hey over the top take it too far health nuts,here's a novel idea..HOW ABOUT PLAIN OLD MOTHER NATURES SUGAR FROM SUGAR CANE !
Moderation is the key !
Good luck everyone..hope it works out for you guys and gals.
I think he means that's how much they put into SUNE which is peanuts to them.
Have to do some research to see if it's true.
I tend to think it is.
Most of them are scum ,especially "George Soros" ,but hey, if they buy a stock that I'm in on dirt cheap...then I see it as my turn to get a piece of the pie !
These guys are killers on wall street and can either destroy a company or make a company.
George Soros destroyed "peabody" ..went fro $90 to a $1 . He did it on purpose and all those men lost their jobs. He will now use "peabody" in some nefarious way..he's scum.
Go google him..got thrown out of the UK for bringing down their currency..he's not allowed back. That's how much power he has..he also owns many Dem politicians..very dangerous guy.
Go google him on wiki or something.
I met him once in NYC..I bumped into him and he gave me a dirty look and said "MOVE" ,even tho it was his fault (the old fart that he is) for not looking when he was walking to his limo..I told him FU ! lol
True story .
Those are some of the biggest players on wallstreet !
Billionaires my friend..that's who they are..not millionaires..billionaires !
I'm up boo koo $ and it's very hard for me to hold this long ,as I'm a flipper and hardly ever hold any penny stock.
So tempting to sell at least half ,but I'll hold out for awhile more before unloading some.
Good for you..we all need these big ones every so often. Scalping a few hundred to a few grand a week is work..but there's nothing else I
rather do ..lol
Understood, I wish you the best and many more vacations on all the beautiful beaches of the world !
So you should be up about $44 G today.
Nice !
Beach ?
Freezing here in NYC..where you live ?
I know ,but he's still promoting it to increase his following..even tho he's late to the game :)
I don't either ,but I do look forward to Mondays when I have a live one :)
You sound like Conor McGregor LOL
Up 50% today !
LOL Most people can't wait for Friday,us traders can't wait for Monday..LOL
MERRY CHRISTMAS TO YOU TOO, THANKS !
That last bunch of buys was 1 milly total and we have 45 mins to go.
HOT DIGGITY DOG !
Scam Pump