Welcome to our dedicated page for Quoin Pharmaceuticals, Ltd. American Depositary Shares news (Ticker: QNRX), a resource for investors and traders seeking the latest updates and insights on Quoin Pharmaceuticals, Ltd. American Depositary Shares stock.
Quoin Pharmaceuticals Ltd. (symbol: QNRX) is a clinical-stage specialty pharmaceutical company dedicated to developing and commercializing therapeutic products for rare and orphan diseases. Founded with a commitment to addressing unmet medical needs, Quoin focuses on innovating treatments that can make a significant impact on patients’ lives.
Quoin’s research and development pipeline includes potential treatments for a range of conditions such as Netherton Syndrome, Peeling Skin Syndrome, Palmoplantar Keratoderma, Scleroderma, and Epidermolysis Bullosa. Their work is particularly focused on Netherton Syndrome, a rare genetic disorder characterized by defective skin barrier function.
Recently, Quoin made significant strides in its clinical studies for Netherton Syndrome. Protocol amendments, based on initial positive data, were approved by the FDA and include increasing study sizes, modifying dosing frequencies, and broadening eligibility criteria. These changes aim to enhance the potential for a successful outcome.
Furthermore, Quoin expanded its intellectual property portfolio by filing both US and international patent applications for a novel combination product to treat Netherton Syndrome. They are also exploring additional patent opportunities related to the clinical and manufacturing aspects of their products.
Financially, Quoin has strengthened its position through a successful public offering and the execution of an equity line of credit arrangement, extending their cash runway into late 2025. This financial stability supports the company as it pursues key milestones in its development pipeline.
Under the leadership of Dr. Michael Myers, Quoin Pharmaceuticals is poised to make significant advancements in the field of rare and orphan disease treatments. The company continues to engage with the investment community and stakeholders through various communication channels, ensuring transparency and building investor confidence.
To stay updated on Quoin Pharmaceuticals' latest developments, visit their website or follow them on LinkedIn.
Quoin Pharmaceuticals (NASDAQ: QNRX) has begun testing QRX003 in a pediatric patient with Netherton Syndrome (NS) at Children's Health Ireland in Dublin, led by Dr. Alan Irvine. The company plans to expand testing to include three additional pediatric patients in Spain. QRX003 is currently being evaluated in two late-stage clinical trials, with promising results showing improvement across multiple endpoints and no treatment-related adverse events. The company is expanding its clinical sites beyond the existing five U.S. locations, with new sites planned in Saudi Arabia and two in the United Kingdom.
Quoin Pharmaceuticals (NASDAQ: QNRX), a clinical stage specialty pharmaceutical company focused on rare and orphan diseases, announced it will release its third quarter 2024 financial results before market opens on Thursday, November 7, 2024. The announcement will include an operational update on company achievements during the quarter and financial highlights.
Quoin Pharmaceuticals (NASDAQ: QNRX) has announced the expansion of its ongoing Netherton Syndrome (NS) clinical trials to include two additional sites in the United Kingdom. The new sites are Great Ormond Street Hospital and St. Thomas' Hospital in London, both recognized as centers of excellence for treating NS patients. A Principal Investigator has been appointed, and a Clinical Research Organization has been engaged for the UK studies.
These sites, along with the previously announced site in Saudi Arabia, will operate under Quoin's open Investigational New Drug (IND) application with the US FDA. The company is also preparing to open additional sites in Western and Eastern European countries with available NS patient cohorts.
Quoin is currently conducting two clinical trials evaluating QRX003, a topical lotion, for the treatment of Netherton Syndrome. The company aims to complete enrollment in both studies rapidly to potentially deliver the first approved treatment for this rare, inherited genetic disease.
Quoin Pharmaceuticals (NASDAQ: QNRX), a clinical stage specialty pharmaceutical company, announced significant insider share purchases by its co-founders. CEO Michael Myers acquired 37,894 American Depositary Shares (ADSs) at prices ranging from $0.619 to $0.7974 per ADS on September 3-4, 2024. Similarly, COO Denise Carter purchased 37,735 ADSs between $0.6253 and $0.7965 per ADS during the same period.
These insider purchases are viewed as a strong signal of leadership confidence in Quoin's growth trajectory and commitment to delivering long-term shareholder value. The company focuses on developing and commercializing novel treatments for rare and orphan diseases, aiming to address unmet needs in underserved patient populations globally.
Quoin Pharmaceuticals (NASDAQ: QNRX) has provided a corporate update and announced financial results for Q2 2024. Key highlights include:
1. Research agreement with University College Cork to develop topical rapamycin formulations.
2. Expansion of Netherton Syndrome clinical trials internationally.
3. Plans to initiate a clinical study in Peeling Skin Syndrome.
4. Continued evaluation of M&A opportunities in rare and orphan diseases.
Financial highlights:
- Cash position of $12.6 million as of June 30, 2024.
- Net loss of $2.0 million for Q2 2024, compared to $2.1 million in Q2 2023.
- Net loss of $4.3 million for H1 2024, compared to $4.7 million in H1 2023.
Quoin Pharmaceuticals (NASDAQ: QNRX) has announced plans to initiate a clinical study in New Zealand to evaluate QRX003 for Peeling Skin Syndrome (PSS), a rare autosomal disease with no approved treatment. The study will focus on a pediatric patient, with the company actively exploring additional clinical sites in other countries.
QRX003, Quoin's most advanced pipeline product, is already being tested in two late-stage clinical trials for Netherton Syndrome (NS) in the United States under an FDA-approved IND. The company aims to expand QRX003's development into PSS, leveraging potential similarities in the diseases' mechanisms. This move aligns with Quoin's strategy to broaden QRX003's applications in rare and orphan diseases.
Quoin Pharmaceuticals (NASDAQ: QNRX), a clinical stage specialty pharmaceutical company focusing on rare and orphan diseases, has announced plans to release its second quarter 2024 financial results before market opening on Thursday, August 8, 2024. The upcoming announcement will include an operational update highlighting the company's achievements during the quarter, along with financial highlights. This pre-market release will provide investors and analysts with important information about Quoin's performance and progress in its specialized field of rare disease therapeutics.
Quoin Pharmaceuticals (NASDAQ: QNRX) announces the international expansion of its clinical trials for Netherton Syndrome. The first international site will open at a research hospital in Saudi Arabia, which is currently treating eligible Netherton patients. An experienced local Clinical Research Organization will manage the study. The site will operate under Quoin's IND application with the US FDA. Additional international sites are also being planned. CEO Dr. Michael Myers highlighted that this expansion aims to accelerate patient recruitment and diversify the patient population. Quoin is conducting two ongoing trials evaluating QRX003, a topical lotion, for Netherton Syndrome.
Quoin Pharmaceuticals (NASDAQ: QNRX) announced its sponsorship of the Foundation for Ichthyosis & Related Skin Types (FIRST) 2024 National Conference in Albuquerque, NM, from June 28-30, 2024. As a Bronze Sponsor, Quoin will support this biennial event aimed at educating and connecting individuals affected by ichthyosis and other skin disorders. Quoin's COO, Denise Carter, emphasized the company's commitment to raising awareness and developing treatments for rare diseases, including their ongoing clinical trials for QRX003, a topical lotion targeting Netherton Syndrome. The company will also sponsor the conference's celebration dinner on June 29, 2024.
Quoin Pharmaceuticals (NASDAQ: QNRX) has signed a research agreement with University College Cork (UCC) to develop novel topical formulations of Rapamycin (sirolimus) targeting rare and orphan diseases. The focus is on using UCC's proprietary dissolvable microneedle technology to enhance local drug delivery and therapeutic effectiveness. This research program, funded by Quoin, aims to create innovative treatments for diseases lacking approved therapies. Quoin will have the option to advance clinical development without paying upfront fees or royalties. UCC's microneedles dissolve upon skin penetration, offering advantages like painless administration and minimal trauma.
FAQ
What is the current stock price of Quoin Pharmaceuticals, Ltd. American Depositary Shares (QNRX)?
What is the market cap of Quoin Pharmaceuticals, Ltd. American Depositary Shares (QNRX)?
What is Quoin Pharmaceuticals?
What diseases is Quoin Pharmaceuticals targeting?
What are the recent achievements of Quoin Pharmaceuticals?
Who is leading Quoin Pharmaceuticals?
How can I stay updated on Quoin Pharmaceuticals' news?
What is Netherton Syndrome?
What financial strategies has Quoin Pharmaceuticals implemented recently?
What is unique about Quoin Pharmaceuticals' approach?
Are Quoin Pharmaceuticals' statements forward-looking?
Where is Quoin Pharmaceuticals listed?
