Quoin Pharmaceuticals Ltd ( (QNRX) ) has released its Q1 earnings. Here is a breakdown of the information Quoin Pharmaceuticals Ltd presented to its investors.
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Quoin Pharmaceuticals Ltd. is a late clinical-stage specialty pharmaceutical company dedicated to developing and commercializing treatments for rare and orphan diseases. The company recently announced its first quarter 2025 financial results, highlighting significant progress in its clinical trials and strategic initiatives.
During the first quarter of 2025, Quoin Pharmaceuticals made notable advancements in its ongoing studies for Netherton Syndrome, reporting positive clinical data for both adult and pediatric patients treated with QRX003. The company also expanded its patent portfolio to support pipeline growth and launched the NETHERTON NOW advocacy initiative to engage with the Netherton community.
Financially, Quoin reported a net loss of approximately $3.8 million for the quarter, compared to a $2.3 million loss in the same period last year. The company’s cash position stood at $11.6 million, which is expected to support operations into the first quarter of 2026. Key strategic moves included filing new patents for novel formulations and launching awareness campaigns to support its clinical endeavors.
Looking ahead, Quoin Pharmaceuticals remains focused on advancing its QRX003 studies, with plans to launch additional international sites for both pediatric and adult patients. The company is also preparing for a newly FDA-cleared study aimed at generating extensive clinical data for Netherton Syndrome, reflecting its commitment to delivering innovative treatments for rare diseases.