SOURCE: Sunshine Biopharma Inc.

Sunshine Biopharma Inc.

May 11, 2016 09:15 ET

Sunshine Biopharma Signs Licensing Agreement for Anastrozole, the Company's First Generic Drug for Treatment of Breast Cancer

MONTREAL, QC--(Marketwired - May 11, 2016) - Sunshine Biopharma Inc. (OTCQB: SBFM), a pharmaceutical company focused on the research, development and commercialization of drugs for the treatment of various forms of cancer, is pleased to announce that it has signed a Cross Referencing Agreement with a major pharmaceutical company for Anastrozole, a prescription generic drug for treatment of Breast Cancer. Sunshine will market and sell this new pharmaceutical product under its own label.

Sunshine is currently in the process of securing a Drug Identification Number ("DIN") for its own label of Anastrozole from Health Canada. The Company is also working on obtaining a Drug Establishment License ("DEL") from Health Canada. Upon receipt of the DIN, Sunshine will be able to accept orders for its SBI-Anastrozole. Sunshine expects to build a portfolio of "SBI" label Generic Pharmaceuticals over time.

Revenues from the sales of Generic Products are intended to be used to finance the Company's proprietary drug development program including Adva-27a, the Company's flagship anticancer compound. A Topoisomerase II inhibitor, Adva-27a is a small molecule that has recently been shown to be effective at destroying Multidrug Resistant Breast Cancer cells, Pancreatic Cancer cells, Small-Cell Lung Cancer cells and Uterine Sarcoma cells (Published in ANTICANCER RESEARCH, Volume 32, Pages 4423-4432, October 2012). Sunshine Biopharma is direct owner of all issued and pending worldwide patents pertaining to Adva-27a including U.S. Patent Number 8,236,935.

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