Welcome to our dedicated page for Quoin Pharmaceuticals news (Ticker: QNRX), a resource for investors and traders seeking the latest updates and insights on Quoin Pharmaceuticals 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 Ltd. (NASDAQ: QNRX) announced the pricing of a public offering featuring 24,750,000,000 ordinary shares priced at $1.00 per American Depositary Share (ADS) and pre-funded warrants for 10,250,000,000 ordinary shares at $0.9999 each. The offering aims to raise approximately $7.0 million before expenses, expected to close on February 24, 2023. The company will utilize the net proceeds for general corporate purposes. Additionally, Quoin will amend outstanding warrants from a previous offering, reducing their exercise price from $5.00 to $1.10 per ADS, set to expire on February 24, 2028.
Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) announced that its second clinical study for QRX003, a potential treatment for Netherton Syndrome, has been cleared by the FDA to initiate testing. The first patient has been dosed in the ongoing trial, which assesses the safety and efficacy of QRX003 versus a vehicle lotion over 12 weeks. All six target clinical sites are expected to be fully operational by the end of the year, accelerating patient recruitment for both studies. The company aims to address the unmet needs of Netherton patients, a rare and sometimes fatal disease.
Quoin Pharmaceuticals (QNRX) has recently completed a public offering, raising $16.8 million in gross proceeds. The majority of clinical sites for evaluating QRX003 in Netherton Syndrome are now open, with plans for a second trial for patients on off-label treatment. An international partnership with Endo Ventures for commercialization in Canada has been signed, extending coverage to 60 countries. As of Q3 2022, Quoin reported a net loss of $3 million and operating expenses of $2.3 million, ending the quarter with $15.2 million in cash and marketable securities.
Quoin Pharmaceuticals Ltd. announced a conference call for its third quarter 2022 business update, scheduled for November 10, 2022, at 10:00 a.m. ET. The call will follow the release of the company's financial results, which will be issued before the market opens on the same day. Investors can participate by calling either 1-877-270-2148 (domestic) or 1-412-902-6510 (international). The live and archived webcast will be accessible on the Quoin Pharmaceuticals website.
Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) announced that it will report its third quarter 2022 financial results on November 10, 2022, before the market opens. Management will conduct a webcast and conference call at 8:30 a.m. ET on the same day to discuss the results and corporate updates. The dial-in numbers for the call are 1-877-270-2148 (domestic) and 1-412-902-6510 (international). Quoin focuses on developing therapeutics for rare and orphan diseases, with a pipeline targeting conditions like Netherton Syndrome and Epidermolysis Bullosa.
Quoin Pharmaceuticals Ltd. announces the initiation of a multicenter, open-label clinical trial assessing QRX003 topical lotion in patients with Netherton Syndrome currently receiving systemic biologic therapy. Conducted under an existing U.S. IND Application, the study will take place over 12 weeks, aiming to evaluate safety and efficacy. QRX003, a broad-spectrum serine protease inhibitor, targets skin kallikreins to enhance skin barrier function. There are currently no approved therapies for Netherton Syndrome, making this trial crucial for developing new treatment options.
Quoin Pharmaceuticals Ltd. has opened three clinical sites for its study of QRX003, a treatment for Netherton Syndrome, a rare skin condition. The double-blind, placebo-controlled trial began in June 2022 and aims to recruit patients across six sites in the US, with the remaining three expected to open soon. QRX003, if approved, could be the first treatment for this condition. Quoin plans to self-commercialize QRX003 and has formed marketing partnerships in 60 countries, enabling potential early access.
Quoin Pharmaceuticals Ltd. (QNRX) initiated a clinical trial for its lead product QRX003, aimed at treating Netherton Syndrome, and expanded its global partnerships to eight across 60 countries. The company closed a $16.8 million public offering, netting approximately $15 million. Despite a net loss of $2.7 million for Q2 2022, Quoin regained compliance with Nasdaq's listing requirements concerning stockholders’ equity and minimum bid price. Significant progress includes a research agreement with Queensland University of Technology for scleroderma treatment.
Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) announced that it will report its second quarter 2022 financial results on August 18, 2022, prior to market open. Management will host a webcast and conference call at 8:30 a.m. ET the same day to discuss the results and provide a corporate update. The live call can be accessed via specific domestic and international dialing codes, and the archived webcast will be available on the company's website. Quoin focuses on developing therapeutic products for rare and orphan diseases, with a pipeline targeting multiple indications.
Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) has closed its public offering of 11,050,000,000 ordinary shares, which equates to 2,210,000 American Depositary Shares (ADS) at $5.00 per ADS, alongside pre-funded warrants for 5,750,000,000 ordinary shares at $4.9999 each, generating $16.8 million in gross proceeds. The net proceeds will be utilized for general corporate purposes. The offering was facilitated by A.G.P./Alliance Global Partners, and the registration statement was approved by the SEC on August 5, 2022.
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