earnings
confidence high
sentiment positive
materiality 0.75
Quoin Pharma Q1 net loss $3.8M; positive QRX003 data and patent expansion
Quoin Pharmaceuticals, Ltd.
- Cash of $11.6M at March 31, 2025; expected to fund operations into Q1 2026.
- Net loss of $3.8M for Q1 2025, versus $2.3M in Q1 2024.
- QRX003 showed reversal of clinical benefits upon discontinuation, confirming mechanism of action.
- Patent applications filed for topical rapamycin and novel QRX003 formulations, extending IP to 2045.
- FDA-cleared whole-body QRX003 study at Northwestern University for 8-12 Netherton patients.