other material
confidence high
sentiment positive
materiality 0.80
Quoin raises up to $104.5M, advances QRX003 regulatory path, reports 2025 net loss $15.8M
Quoin Pharmaceuticals, Ltd.
- Closed private placement for up to $104.5M ($16.5M at closing, $88M warrant potential).
- FDA grants Fast Track Designation; single Phase 3 study may suffice for NDA; plan to file in 2027.
- Orphan Drug Designations for QRX003 in Netherton Syndrome in US and Europe; Rare Pediatric Disease Designation could yield $150-200M PRV.
- Pediatric Netherton study expanded to 7 children with sustained skin healing, no adverse events; Peeling Skin study to 6 subjects.
- Cash $18.7M at Dec 31, 2025; net loss Q4 $4.3M vs $2.3M YoY; full year $15.8M vs $9.0M.