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Sunshine Biopharma Moves Principal Office to New York City

Key Takeaway: Sunshine Biopharma, Inc. has announced the relocation of its headquarters from Montreal to New York City, which is expected to enhance its operational capabilities and market presence. The new office is located at 1177 Avenue of the Americas, while the company will retain a satellite office in Canada. Sunshine Biopharma aims to expand its generic drug offerings and is involved in developing new therapies for liver cancer and COVID-19. The move reflects the company's strategic growth initiatives in the competitive pharmaceutical landscape.

Market Sentiment Analysis

POSITIVE FACTORS

  • Relocation to New York City enhances company visibility and opportunities.
  • Plans to expand product offerings to 67 generic prescription drugs by end of 2024.
  • Engagement in proprietary drug development programs targeting significant health issues.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~44 mo
Minimal dilution risk
Lead asset
608 Q2W
Phase 3 · Psoriasis

Full Press Release Details

NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Sunshine Biopharma, Inc. (NASDAQ: “SBFM”) (the “Company”), a pharmaceutical company offering and researching life-saving medicines in a variety of therapeutic areas including oncology and antivirals today announced that it has moved its headquarters to New York City. The Company’s Head Office is now located at 1177 Avenue of the Americas, 5th Floor, New York, NY 10036 (Tel: 332-216-1147). The Company will maintain a satellite office at its previous headquarters in Montreal (Canada) at 6500 Trans-Canada Highway, 4th Floor, Pointe-Claire, Quebec, Canada, H9R 0A5 (Tel: 514-426-6161). The Company’s email address (info@sunshinebiopharma.com) and URL (www.sunshinebiopharma.com) have not changed.
About Sunshine Biopharma
Sunshine Biopharma is a pharmaceutical company operating a Canadian wholly owned subsidiary (Nora Pharma Inc.) with 41 employees and 51 generic prescription drugs on the market in Canada. The Company is planning to expand its product offering to a total of 67 generic prescription drugs by the end of 2024. In addition, Sunshine Biopharma is conducting a proprietary drug development program which is comprised of (i) K1.1 mRNA for liver cancer, and (ii) PLpro protease inhibitor for COVID-19. For more information, please visit: www.sunshinebiopharma.com.
Safe Harbor Forward-Looking Statements
This press release contains forward-looking statements which are based on current expectations, forecasts, and assumptions of Sunshine Biopharma, Inc. (the “Company”) that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. These statements appear in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, including statements related to the Company’s drug development activities, financial performance, and future growth. These risks and uncertainties are further described 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 the Company’s filings with the SEC. Reference is hereby made to cautionary statements and risk factors set forth in the Company’s most recent SEC filings.
For Additional Information:
Sunshine Biopharma Contact:
Camille Sebaaly, CFO

Frequently Asked Questions

Where is Sunshine Biopharma's new headquarters located?

The new headquarters is at 1177 Avenue of the Americas, 5th Floor, New York, NY.

How many generic drugs does Sunshine Biopharma offer in Canada?

Sunshine Biopharma currently offers 51 generic prescription drugs in Canada.

What is Sunshine Biopharma developing for liver cancer?

The company is developing K1.1 mRNA specifically for liver cancer treatment.

Is there a satellite office for Sunshine Biopharma?

Yes, there is a satellite office located in Montreal, Canada.

How can I contact Sunshine Biopharma?

You can contact them via email at info@sunshinebiopharma.com or call.

Last updated: Dec 4, 2023