Full Press Release Details
SUNSHINE BIOPHARMA AND UNIVERSITY OF GEORGIA TEAM UP
TO DEVELOP A NEW ANTI-CORONAVIRUS DRUG
Canada (ACCESSWIRE) Sunshine Biopharma Inc. (OTC
Markets: SBFM ), a pharmaceutical company focused on
the research, development and commercialization of oncology and
antiviral drugs today announced that it has entered into an
Agreement with the University of Georgia for the purposes of
working together to advance the development of Sunshine
Biopharma's recently announced Anti-Coronavirus lead
compound, SBFM-PL4. The goal of this cutting-edge collaboration is
to develop SBFM-PL4, a protease inhibitor, as a treatment for
Coronavirus infections. This new treatment is based on the
technology described in Sunshine Biopharma's recently filed
patent application covering small molecules which can be used to
treat Coronavirus infections. Sunshine's SBFM-PL4, will be
put through a series of in
vitro tests to evaluate its specific inhibitory activity
against the SARS-CoV-2 papain-like protease (PLpro), one of two
Coronavirus encoded proteases essential for viral replication.
Following the initial in
vitro studies, SBFM-PL4 will be moved forward to the cell
culture testing stage and assessment in Coronavirus infected mice
before entering human clinical trials.
are delighted to be working with the University of Georgia and Dr.
Scott Pegan and his team of Coronavirus experts who share our
vision of developing a treatment that would make a difference in
the fight against the pandemic, said Dr. Steve Slilaty, CEO
of Sunshine Biopharma.
About Sunshine Biopharma's Coronavirus Treatment
Acute Respiratory Syndrome-Coronavirus-2 (SARS-CoV-2) is the
causative agent of COVID-19, the current ongoing pandemic that has
claimed the lives of over 1,000,000 people worldwide since it first
appeared in December 2019. There are currently no drugs that can
effectively arrest replication of the virus in people who have
contracted the illness. On May 22, 2020, Sunshine Biopharma filed a
provisional patent application for a library of molecules which
were designed to inhibit the Coronavirus proteases, thus shutting
down the ability of the virus to multiply and cause
About the University of Georgia
of its land grant tripartite mission, the University of Georgia is
committed to creating and applying new knowledge for the public
good. UGA's Center for Drug Discovery as well as the Colleges
of Pharmacy are excited to be a part of this ground-breaking
research related to discovery of new treatment options for
COVID-19. Profs. Scott Pegan, and David Crich will be working with
Sunshine Biopharma to spearhead the study of novel therapeutics for
the prevention and spread of COVID-19. This interdisciplinary
effort involves state of the art approaches in chemical synthesis
and drug screening. This continues University of Georgia's
long-standing tradition in translating scientific breakthroughs to
address real world health concerns.
About Sunshine Biopharma
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
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
For Additional Information:
Sunshine Biopharma, Inc.