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) has priced a public offering of 2,210,000 American Depositary Shares (ADS) representing 11,050,000,000 ordinary shares at $5.00 per ADS, along with pre-funded warrants for 1,150,000 ADS at $4.9999 each. The total gross proceeds from the offering are expected to be $16.8 million, closing around August 9, 2022. Proceeds will be utilized for general corporate purposes. A.G.P./Alliance Global Partners is the sole placement agent for this offering, which follows an effective registration statement filed with the SEC.
Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) announced that it received significant Scientific Advice from the European Medicines Agency (EMA) regarding its product, QRX003, for treating Netherton Syndrome. This guidance, delivered sooner than expected, will enhance the clinical development plan in both the US and Europe. Currently in a clinical study in the US, QRX003 aims to improve the skin barrier for Netherton patients. The company has also expanded its distribution network to 60 countries, emphasizing accessibility for patients post-approval.
Quoin Pharmaceuticals (NASDAQ: QNRX) has signed a License and Distribution Agreement with Endo Ventures, an affiliate of Endo International for its lead product, QRX003, aimed at treating Netherton Syndrome, in Canada. Paladin Labs, a subsidiary of Endo, will handle commercialization upon regulatory approval. This marks Quoin’s eighth agreement for QRX003, expanding its market presence to 60 countries. CEO Dr. Michael Myers expressed optimism about the partnership's potential to enhance patient access to Quoin's products once approved.
Endo International plc (NASDAQ: ENDP) announced a collaboration with Quoin Pharmaceuticals Inc. (NASDAQ: QNRX) to develop and commercialize QRX003 for treating Netherton syndrome in Canada. This skin disorder, caused by a mutation in the SPINK5 gene, currently lacks effective treatment options. If approved, Paladin Labs, a subsidiary of Endo, will manage all commercial activities in Canada, aiming for a product launch in 2025. This partnership underscores Endo's focus on addressing unmet medical needs in rare diseases.
Quoin Pharmaceuticals Ltd. has initiated its first clinical site for the QRX003 study, aimed at treating Netherton Syndrome, a rare genetic disorder. The randomized, double-blind, vehicle-controlled study will test two doses of QRX003 over a twelve-week period. With FDA discussions in progress, various clinical endpoints will be evaluated. The company aims to improve skin barrier function and patient quality of life. Quoin has already formed partnerships in 60 countries for potential market access post-approval, enhancing its global reach.
Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) received a notification from Nasdaq on June 10, 2022, indicating non-compliance with the minimum bid price requirement of $1.00 per share, necessitating corrective action within 180 days. This notification does not currently affect its Nasdaq listing. The company is also addressing earlier non-compliance regarding stockholders’ equity, having submitted a plan to Nasdaq for resolution. While the company remains operationally unaffected, the prospect of delisting poses a significant risk to shareholders.
Quoin Pharmaceuticals has announced a significant agreement with Hong Kong WinHealth Pharma Group to license and distribute its lead product QRX003 for Netherton Syndrome in Greater China.
The agreement will expand access to rare disease treatments in Hong Kong, Macau, and Taiwan, contingent on regulatory approval, and brings Quoin's global partnerships for QRX003 to nearly 60 countries. With QRX003 potentially being the first treatment for this rare condition, clinical trials are expected to commence shortly.
Skinvisible, Inc. (OTCQB:SKVI) has announced that its licensee Quoin Pharmaceuticals (NASDAQ:QNRX) received FDA acceptance for an Investigational New Drug (IND) application for QRX003, a treatment for Netherton Syndrome. This marks the first IND approval using Skinvisible's proprietary Invisicare drug delivery technology. Successful clinical trials could lead to a milestone payment of $5 million and ongoing royalties for Skinvisible. The approval underscores the potential for expanding applications of their technology in treating rare skin disorders.
Quoin Pharmaceuticals has secured exclusive global rights to a product in development for scleroderma through a new agreement with Queensland University of Technology. This deal involves no upfront fees and allows Quoin to fund the pre-clinical program. The VCAM-1:VL-4 interaction targets immune response in scleroderma, a disease with no current cure. Additionally, Quoin received FDA clearance for its lead product, QRX003, targeting Netherton Syndrome, with clinical trials set to begin in Q2 2022. This positions Quoin to potentially deliver groundbreaking treatments for rare diseases.
Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) has received FDA clearance to initiate clinical testing for its investigational product QRX003, aimed at treating Netherton Syndrome, a rare genetic condition with no current approved treatments. QRX003, a topical lotion that uses proprietary delivery technology, seeks to normalize skin shedding and improve skin barrier function. The company plans to begin clinical trials in the first half of 2022, marking a significant milestone for both Quoin and patients suffering from this serious condition.
FAQ
What is the current stock price of Quoin Pharmaceuticals (QNRX)?
What is the market cap of Quoin Pharmaceuticals (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?
