Michel Roy
On January 13, 2025, Sunshine Biopharma Inc. (the “Company”) appointed Mr. Michel Roy as the Company’s Chief Commercial Officer.
Highest-materiality recent filing
Sunshine Biopharma settles dispute with former Nora Pharma president for CAD$1.5M
Company to pay CAD$1.5M (approx US$1.06M) to Malek Chamoun to settle all claims and cross-claims.
Sunshine Biopharma Q1 revenue up 18% to $8.9M; net loss narrows
Revenue of $8.9 million in Q1 2025, up 18% from $7.5M in Q1 2024.
Sunshine Biopharma closes $2.46M registered direct offering of common stock and pre-funded warrants
Gross proceeds of approximately $2.46M from sale of 1,188,404 shares of common stock (or pre-funded warrants) at $2.07 per share.
Sunshine Biopharma FY2024 revenue $34.9M (+45% YoY); net loss widens to $5.1M
Revenue $34.9M in FY2024, up 45% from $24.1M in FY2023; gross profit $10.7M.
Sunshine Biopharma Q3 2024 revenues up 42% YoY; net loss widens 84% in quarter
Q3 2024 gross revenues $8.44M, up 42% from $5.96M in Q3 2023; YTD revenues $25.28M, up 54%.
Sunshine Biopharma gets Nasdaq bid-price extension to Aug 26, 2024
Received Nasdaq Hearings Panel exception until August 26, 2024 to regain minimum bid price compliance.
Nasdaq notifies Sunshine Biopharma of delisting due to warrant dilution
Nasdaq staff determined to delist SBFM under Rule 5101 citing public interest concerns over Series A warrant cashless exercise provision.
Sunshine Biopharma Q1 2024 revenue up 54% to $7.54M; net loss narrows to $1.28M
Q1 2024 revenue of $7,541,046, a 54% increase from $4,894,053 in Q1 2023.
Sunshine Biopharma dismisses auditor BF Borgers after SEC permanent ban
BF Borgers CPA, PC was dismissed as independent auditor after SEC settled charges and permanently banned the firm.
Sunshine Biopharma effects 1-for-100 reverse stock split effective April 17, 2024
1-for-100 reverse split of common stock (SBFM) and warrants (SBFMW) effective April 17, 2024.
Sunshine Biopharma reports 2023 sales $24.1M, loss per share improves to -$0.19
Sales grew to $24,092,787 in 2023 from $4,345,603 in 2022; average quarter-over-quarter growth of 14%.
Sunshine Biopharma CEO buys voting-preferred shares for $10K; 1-for-200 reverse split approved
CEO Steve Slilaty purchased 100,000 Series B Preferred shares for $10,000, each with 1,000 votes.
Sunshine Biopharma receives Nasdaq delisting notice; stock at $0.10 or less for 10 days
Nasdaq staff determined common stock bid price <= $0.10 for ten consecutive days as of Feb 27, 2024.
Sunshine Biopharma closes ~$10M underwritten public offering of units with warrants
71,428,571 Units priced at $0.14/Common Unit and $0.139/Pre-Funded Unit; gross proceeds ~$10.0M.
Sunshine Biopharma repurchases and cancels warrants for ~21.6M shares for $3.14M total
Bought back May 2023 warrants for 11,904,762 shares from Armistice Capital for $2,361,596; warrants cancelled.
Sunshine Biopharma annual meeting: directors elected, reverse split up to 1:40 approved
All five director nominees elected with >16M votes each; broker non-votes 5.04M.
Gross revenues $5,957,668 for Q3 2023, up from $132,808 a year earlier, driven by Nora Pharma Inc. acquisition.
Sunshine Biopharma terminates Adva-27a research agreement with JGH after unfavorable lab results
Termination of Research Agreement with Jewish General Hospital effective Dec 2, 2023.
Sunshine Biopharma amends warrants to $0.11 exercise price and removes CEO voting restriction
Reduces exercise price of outstanding Tradeable Warrants to $0.11; Pre-Funded Warrants to $0.001 per share.
Sunshine Biopharma Q2 2023 revenues jump 3,600% YoY to $5.56M
Revenues of $5,560,865 for Q2 2023, a 3,600% increase over Q2 2022.
Sunshine Biopharma closes $5M private placement, issues shares and warrants
Issued 5,952,381 units at $0.84/unit; each unit = 1 share (or pre-funded warrant) + 2 warrants at $0.59 exercise price.
Sunshine Biopharma reports Q1 2023 revenues of $4.89M, up 2,100% YoY
Gross revenues of $4,894,053 for Q1 2023, a 2,100% increase over Q1 2022, driven by Nora Pharma acquisition.
Sunshine Biopharma receives Nasdaq deficiency notice for bid price below $1.00
Nasdaq notified SBFM on March 24, 2023, of bid price non-compliance under Rule 5550(a)(2).
Sunshine Biopharma signs exclusive worldwide license with U. Arizona for PLpro COVID-19 treatment
License grants exclusive worldwide rights to PLpro protease inhibitors of SARS-CoV-2 (COVID-19).
On January 13, 2025, Sunshine Biopharma Inc. (the “Company”) appointed Mr. Michel Roy as the Company’s Chief Commercial Officer.
Previously, Dr. Merzouki had held the position of Chief Operating Officer.
Malek Chamoun, age 39 , was appointed as our Chief Development Officer in January 2024.
Marc Beaudoin, age 57, was appointed as our Chief Operating Officer in January 2024.
The Board added Messrs. Andrew Telsey, JD Kish and Dr. Rabi Kiderchah to serve as directors
The Board added Messrs. Andrew Telsey, JD Kish and Dr. Rabi Kiderchah to serve as directors
The Board added Messrs. Andrew Telsey, JD Kish and Dr. Rabi Kiderchah to serve as directors
Max materiality 0.90 · Median 0.55 · Most common event other_material