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Quoin Pharmaceuticals Announces FDA Clearance to Initiate New QRX003 Netherton Syndrome Clinical Study

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Quoin Pharmaceuticals has received FDA clearance to initiate a new clinical study for QRX003, a topical lotion for Netherton Syndrome (NS). This study, conducted by Dr. Amy Paller at Northwestern University, will involve up to eight subjects applying QRX003 twice daily to over 80% of their body surface area for 12 weeks. This extensive application aims to mimic real-world use and generate data for potential regulatory approval. QRX003 targets kallikreins in the skin, responsible for excessive skin shedding in NS. This is Quoin's third clinical study under their open Investigational New Drug application and follows positive interim data from ongoing studies. Quoin aims to deliver the first-ever approved treatment for NS.

Quoin Pharmaceuticals ha ricevuto l'approvazione della FDA per avviare un nuovo studio clinico per QRX003, una lozione topica per la Sindrome di Netherton (NS). Questo studio, condotto dalla Dr.ssa Amy Paller presso la Northwestern University, coinvolgerà fino a otto soggetti che applicheranno QRX003 due volte al giorno su oltre l'80% della superficie corporea per 12 settimane. Questa applicazione estesa mira a simulare l'uso nel mondo reale e a generare dati per una potenziale approvazione regolatoria. QRX003 agisce sui callicreine nella pelle, responsabili del distacco eccessivo della pelle nella NS. Questo è il terzo studio clinico di Quoin sotto la loro richiesta di Nuovo Farmaco Investigativo aperta e segue dati intermedi positivi provenienti da studi in corso. Quoin punta a fornire il primo trattamento approvato per la NS.

Quoin Pharmaceuticals ha recibido la aprobación de la FDA para iniciar un nuevo estudio clínico para QRX003, una loción tópica para el Síndrome de Netherton (NS). Este estudio, realizado por la Dra. Amy Paller en la Universidad Northwestern, involucrará hasta ocho sujetos que aplicarán QRX003 dos veces al día en más del 80% de su superficie corporal durante 12 semanas. Esta amplia aplicación tiene como objetivo imitar el uso en el mundo real y generar datos para una posible aprobación regulatoria. QRX003 se dirige a las calicreínas en la piel, responsables de la exfoliación excesiva de la piel en el NS. Este es el tercer estudio clínico de Quoin bajo su solicitud de Nuevo Medicamento en Investigación abierta y sigue datos intermedios positivos de estudios en curso. Quoin tiene como objetivo ofrecer el primer tratamiento aprobado para el NS.

퀀 제약FDA 승인을 받았습니다 QRX003에 대한 새로운 임상 연구를 시작하기 위해서입니다. 이 국소 로션은 네스턴 증후군(NS) 치료를 위한 것입니다. 이 연구는 노스웨스턴 대학교의 에이미 팰러 박사가 진행하며, 최대 8명의 피험자가 12주 동안 신체 표면적의 80% 이상에 QRX003을 하루 두 번 적용합니다. 이러한 광범위한 적용은 실제 사용을 모방하고 규제 승인을 위한 데이터를 생성하는 것을 목표로 합니다. QRX003은 NS에서 과도한 피부 벗겨짐을 담당하는 피부의 칼리크레인을 표적합니다. 이는 퀀의 개방형 임상 시험 신청서 하에 실시되는 세 번째 임상 연구이며, 진행 중인 연구의 긍정적인 중간 데이터에 이어진 것입니다. 퀀은 NS에 대한 최초의 승인된 치료법을 제공하는 것을 목표로 하고 있습니다.

Quoin Pharmaceuticals a reçu l'autorisation de la FDA pour initier une nouvelle étude clinique pour QRX003, une lotion topique pour le syndrome de Netherton (NS). Cette étude, dirigée par Dr. Amy Paller à l'Université Northwestern, impliquera jusqu'à huit sujets appliquant QRX003 deux fois par jour sur plus de 80 % de leur surface corporelle pendant 12 semaines. Cette application extensive vise à imiter l'utilisation dans le monde réel et à générer des données pour une approbation réglementaire potentielle. QRX003 cible les kallikréines dans la peau, responsables de l'excès de desquamation cutanée dans le NS. Il s'agit de la troisième étude clinique de Quoin dans le cadre de leur demande de Nouveau Médicament d'Investigation ouverte et elle fait suite à des données intermédiaires positives issues d'études en cours. Quoin vise à proposer le premier traitement jamais approuvé pour le NS.

Quoin Pharmaceuticals hat die FDA-Zulassung erhalten, um eine neue klinische Studie für QRX003 zu beginnen, eine topische Lotion für das Netherton-Syndrom (NS). Diese Studie, die von Dr. Amy Paller an der Northwestern University durchgeführt wird, wird bis zu acht Probanden umfassen, die QRX003 zweimal täglich auf mehr als 80% ihrer Körperoberfläche über einen Zeitraum von 12 Wochen auftragen. Diese umfangreiche Anwendung soll die Verwendung in der realen Welt simulieren und Daten für eine mögliche regulatorische Genehmigung generieren. QRX003 zielt auf Kallikreine in der Haut ab, die für die übermäßige Hautablösung beim NS verantwortlich sind. Dies ist die dritte klinische Studie von Quoin im Rahmen ihres offenen Antrags für ein neues Prüfmedikament und folgt positiven Zwischenwerten aus laufenden Studien. Quoin strebt an, die erste je genehmigte Behandlung für NS bereitzustellen.

Positive
  • FDA clearance to initiate a new clinical study for QRX003.
  • Third clinical study under Quoin's open Investigational New Drug application.
  • Study involves extensive application, mimicking real-world use.
  • Potential to generate robust data for regulatory approval.
Negative
  • None.

Insights

Quoin's new clinical study for QRX003 represents a significant advancement in Netherton Syndrome treatment research. The study's design to treat >80% of body surface area closely mirrors real-world application, marking a important step toward potential FDA approval. The mechanism of targeting kallikreins through serine protease inhibition addresses the root cause of excessive skin shedding, distinguishing it from symptomatic treatments. Dr. Paller's involvement, a renowned dermatologist, adds substantial credibility. The expansion from 20% BSA in previous trials to 80% BSA will provide critical safety and efficacy data at a more clinically relevant scale. This study complements their existing clinical program, strengthening their regulatory package with comprehensive data from multiple trial designs.

This FDA clearance strengthens QNRX's market position in the rare disease space. With a market cap of just $2.8M, successful trial results could trigger significant value appreciation given the unmet medical need in Netherton Syndrome. The expansion to whole-body treatment could substantially increase the commercial potential per patient if approved. The strategic decision to conduct multiple complementary trials demonstrates sound clinical development planning, potentially reducing regulatory risks. Having no approved treatments for NS creates a first-mover advantage opportunity. However, investors should note that small-cap biotechs carry substantial execution and financing risks. The positive interim data from existing trials combined with this new study approval creates multiple potential near-term catalysts for stock movement.
  • Groundbreaking ‘Whole Body’ Study will be conducted by Dr. Amy Paller at Northwestern University
  • Up to eight subjects will have QRX003 applied twice daily to greater than 80% of their body surface area over a 12-week period
  • Study intended to generate data based on product use resembling potential real-world use
  • Third Netherton Syndrome clinical study to be conducted under Quoin’s open Investigational New Drug application

ASHBURN, Va., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) (the “Company” or “Quoin”), a clinical stage, specialty pharmaceutical company focused on rare and orphan diseases, today announces FDA clearance to initiate a new additional Netherton Syndrome (NS) clinical study for QRX003. QRX003 is a topical lotion that contains a broad-spectrum serine protease inhibitor designed to target the kallikreins in the skin responsible for the excessive skin shedding associated with this disease.

The study will be conducted by Dr. Amy Paller, of Northwestern University. It is planned that up to eight subjects will be enrolled into the study and will have QRX003 applied twice daily to greater than 80% of their entire body surface area (BSA) over a 12-week period. By comparison, in Quoin’s ongoing open-label and double-blinded clinical studies, QRX003 is applied to approximately 20% of the subject’s BSA, typically the arms and lower leg. This new study, designed to mimic how NS patients will use QRX003 if approved, represents the most extensive use of QRX003 in a clinical setting to date. It is anticipated that the data generated from this study will be used to supplement the data package to support the potential regulatory approval of QRX003 as a treatment for NS.

Dr. Amy Paller said, “The best kind of treatment, short of curative gene therapy, focuses on reversing the mechanism by which skin disease occurs. Targeting kallikreins, which are thought to lead to the clinical manifestations of Netherton Syndrome, could be an ideal approach.”

Quoin CEO, Dr. Michael Myers, added, “Following our recent announcement of positive interim clinical data from two of our ongoing Netherton Syndrome clinical studies, we are very excited to announce FDA clearance to initiate this groundbreaking additional study for QRX003, where the product will be applied to greater than 80% of each subject’s body surface area. We are extremely pleased to be working with Dr. Paller on this new study and look forward to generating data in a real-world setting, which will be a key component of our future filing. This will be Quoin’s third clinical study in NS subjects to be conducted under our open Investigational New Drug application and reflects our absolute commitment to generating the most robust and diverse data set possible to support our mission of delivering the first-ever approved treatment for this horrendous disease.”

About Quoin Pharmaceuticals Ltd.
Quoin Pharmaceuticals Ltd. is a clinical-stage specialty pharmaceutical company focused on developing and commercializing therapeutic products that treat rare and orphan diseases. We are committed to addressing unmet medical needs for patients, their families, communities and care teams. Quoin’s innovative pipeline comprises four products in development that collectively have the potential to target a broad number of rare and orphan indications, including Netherton Syndrome, Peeling Skin Syndrome, Palmoplantar Keratoderma, Scleroderma, Epidermolysis Bullosa and others. For more information, visit: www.quoinpharma.com or LinkedIn for updates.

Cautionary Note Regarding Forward Looking Statements
The Company cautions that statements in this press release that are not a description of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” “look forward to,” and “will,” among others. All statements that reflect the Company’s expectations, assumptions, projections, beliefs, or opinions about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, statements relating to: plans to initiate whole body study, the data generated from this study to be used to supplement the data package to support the potential regulatory approval of QRX003 as a treatment for NS, Quoin’s belief that its products in development collectively have the potential to target a broad number of rare and orphan indications, including Netherton Syndrome, Peeling Skin Syndrome, Palmoplantar Keratoderma, Scleroderma, Epidermolysis Bullosa and others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties including, but not limited to, the timing of the clinical studies may be delayed, the clinical studies may not generate the results anticipated, the Company needing to raise additional funds sooner than planned, or the clinical studies not generating data which is sufficiently robust and comprehensive to support an NDA filing and the Company’s ability to obtain regulatory approvals. More detailed information about the risks and uncertainties affecting the Company is summarized in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and in other filings the Company has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

For further information, contact:

Quoin Pharmaceuticals Ltd.
Michael Myers, Ph.D., CEO
mmyers@quoinpharma.com

Investor Relations
PCG Advisory
Jeff Ramson
jramson@pcgadvisory.com
(646) 863-6341


FAQ

What is the significance of the FDA clearance for QRX003?

The FDA clearance allows Quoin Pharmaceuticals to initiate a new clinical study for QRX003, aiming to generate data for regulatory approval.

How will the QRX003 study be conducted?

The study will involve up to eight subjects applying QRX003 twice daily to over 80% of their body surface area for 12 weeks.

What makes this QRX003 study different from previous ones?

This study involves a more extensive application of QRX003, covering over 80% of the body surface area, compared to approximately 20% in previous studies.

Who is conducting the new QRX003 clinical study?

Dr. Amy Paller at Northwestern University will conduct the new QRX003 clinical study.

What is QRX003 designed to target in Netherton Syndrome patients?

QRX003 targets kallikreins in the skin, which are responsible for the excessive skin shedding associated with Netherton Syndrome.

What are the expected outcomes of the new QRX003 study?

The study aims to generate data that will support the potential regulatory approval of QRX003 as a treatment for Netherton Syndrome.

How does the new QRX003 study aim to mimic real-world use?

The study involves applying QRX003 to over 80% of the subjects' body surface area, which is intended to resemble potential real-world use.

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