Sunshine Biopharma (SBFM) Stock Moves Toward New Highs: What’s The Plan?

There were many stocks that rallied on Tuesday but the gains in the...

Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Liquidia LQDA Stock Price, are you kidding me? URGEN...
JAN Stock Price is UP, can it go higher? URGENT
Lexicon Pharmaceuticals LXRX Stock Price is up 21%, ...

There were many stocks that rallied on Tuesday but the gains in the Sunshine Biopharma (OTCMKTS:SBFM) stock was particularly notable. After the company made an announcement yesterday with regards to the working mechanisms of its anticancer product Adva-27a, the stock came into sharp focus.

As investors piled on to the Sunshine stock, it rallied strongly and ended up clocking gains of as much as 142%. The findings put forward by the company in relation to the treatment were compelling as well. Sunshine stated that Adva-27a displayed two primary activities. One was that it could evade P-glycoprotein and the other was that the treatment could inhibit Topoisomerase II.

The fact that the treatment can evade P-glycoprotein is perhaps the most important finding. It is a form of protein that is found in around 50% of all types of cancers and is responsible for resistance to treatment. There are a large number of cancer medicines that have been rendered ineffective by P-glycoprotein.

In addition to that, it is necessary to note that experts agree that resistance to a multi medicine treatment due to presence of P-glycoprotein has been regarded as one of the biggest reasons behind the failure of cancer treatments.

This feature gives Adva-27a a distinct potential competitive advantage over many of the other products in the market and hence, the rally in the stock was perhaps not such a surprise. The Chief Executive Officer of the company, Dr. Steve Silaty, spoke about the findings as well.

He said that the findings and their implications could have a considerable impact on the direction of therapies for cancer as a whole. He went on to state that the company is quite excited about the fact that Sunshine is soon going to roll out a new medicine that could have a meaningful impact on patients suffering from cancer all over the world.

Stay in the lopp :

Berkshire Hathaway Picked Up Liberty Media Co...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Liberty Media Corp (NASDAQ:LSXMK) reported that Berkshire Hathaway has picked
Capital World Investors Picked Up Humana Inc....
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Humana Inc. (NYSE:HUM) reported that Capital World Investors has picked
Bullish Updates for Medifirst Solutions Inc (...
Medifirst Solutions Inc (OTCMKTS:MFST) shares rose 12.12% on Tuesday to $0.00370 and were flat in after-hours trading. Share prices have been trading in a

related post

Skip to content