Biopharma Stock Climbs on Patent Update

Sirona Biochem Corp. (TSXV:SBM), a Canadian biopharma stock, rose after announcing that the patent for TFC-1067 was granted in the United States

Sean Mason | June 17, 2019 | SmallCapPower

A Canadian biopharma stock produced a healthy gain Monday following a U.S. patent announcement. Here’s some small stocks making big moves on Monday, June 17, 2019 (as of 4 pm EST):

Sirona Biochem Corp. (TSXV:SBM), a Canadian biopharma stock, jumped 9% to $0.48 on Monday after announcing that the patent for TFC-1067 entitled “Gem Difluorocompounds as Depigmenting or Lightening Agents” was granted in the United States and will be published in the official database in the coming month.

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As well, shares of Street Capital Group Inc. (TSX:SCB) surged 32% to $0.66 as the financial services company said it has agreed to be acquire by RFA Capital Holdings Inc. for $0.68 per share in cash, or a total consideration of approximately $85 million.

Liberty Defense Holdings, Ltd. (TSXV:SCAN), meanwhile, reported that it has signed a Memorandum of Understanding with the German soccer team FC Bayern München, to beta test HEXWAVE. Liberty Defense stock moved up as much as 4% following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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