New Risk • May 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$16m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$16m free cash flow). Shareholders have been substantially diluted in the past year (207% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$10m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$10.7m market cap). New Risk • Apr 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.85m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (207% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$9.85m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$12m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Mar 30
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$1.2m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$1.2m). Shareholders have been substantially diluted in the past year (186% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$14m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$10.8m market cap). Breakeven Date Change • Mar 27
No longer forecast to breakeven The 2 analysts covering Quoin Pharmaceuticals no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$41.2m in 2028. New consensus forecast suggests the company will make a loss of US$11.7m in 2028. Duyuru • Mar 27
Quoin Pharmaceuticals Ltd. Provides Clinical and Regulatory Update for Qrx003 in Netherton Syndrome Quoin Pharmaceuticals Ltd. provided a clinical and regulatory update from its recent constructive Type C meeting with the U.S. Food and Drug Administration (FDA) for its lead product candidate, QRX003, for the treatment of Netherton Syndrome (NS). FDA acknowledged that a single Phase 3 study may be sufficient to support U.S. marketing approval of QRX003 for Netherton Syndrome, rather than the two Phase 3 studies the Company had originally contemplated. With an established network of U.S. and EU clinical trial sites, the company will be in a position to initiate a pivotal Phase 3 program and fully complete recruitment this year. FDA also expressed openness to an alternative, innovative clinical trial design, such as a randomized withdrawal or randomized delayed start study, which may be more appropriate Phase 3 design in the setting of Netherton Syndrome than a traditional upfront randomized, controlled study. This meeting represents an important milestone for Quoin and the Netherton Syndrome community at large. Key highlights from the meeting include: FDA indicated that a single Phase 3 study may be sufficient to support marketing approval for QRX003 for Netherton Syndrome, which is an alternative to the traditional expectation for two Phase 3 studies in NS patients originally proposed by the Company. FDA expressed openness to an alternative innovative clinical trial design such as a randomized withdrawal or a randomized delayed start for a pivotal Phase 3 study. Such trial design would likely not include a traditional upfront vehicle or placebo control. Based on the feedback from the meeting, Quoin is implementing FDA recommendations consistent with the meeting outcomes, ensuring its readiness to advance toward registrational Phase 3 development. Quoin will submit clinical data from the ongoing Phase 2 and pediatric investigator studies and plans to request a meeting to discuss this data prior to initiating the Phase 3 pivotal program for QRX003 to gain alignment with FDA on the design of the program. Quoin remains on track to complete patient recruitment into its Phase 3 program by the end of 2026 and to potentially file for FDA approval for QRX003 as the first treatment for Netherton Syndrome in 2027. New Risk • Mar 26
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$14m Forecast net loss in 3 years: US$14m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$1.2m). Shareholders have been substantially diluted in the past year (186% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$14m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$15.6m market cap). Duyuru • Mar 19
Quoin Pharmaceuticals, Ltd. to Report Q4, 2025 Results on Mar 26, 2026 Quoin Pharmaceuticals, Ltd. announced that they will report Q4, 2025 results Pre-Market on Mar 26, 2026 Duyuru • Mar 12
Quoin Pharmaceuticals Ltd. Announces FDA Grants Fast Track Designation For QRX003 For The Treatment Of Netherton Syndrome Quoin Pharmaceuticals Ltd. announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation to QRX003 lotion (4%) for the treatment of Netherton Syndrome, a rare and severe genetic skin disorder for which there are currently no approved treatments. QRX003 lotion (4%) is currently being evaluated in two late-stage whole-body clinical trials designed to assess safety and efficacy in patients with Netherton Syndrome. QRX003 previously received Orphan Drug Designation from both the U.S. FDA and the European Medicines Agency (EMA) for the treatment of Netherton Syndrome, providing potential benefits including market exclusivity upon approval, tax credits for clinical testing, and certain regulatory fee reductions. QRX003 has also been granted Pediatric Rare Disease Designation by the FDA. Netherton Syndrome is a rare, inherited skin disorder caused by mutations in the SPINK5 gene, leading to severe skin barrier dysfunction, chronic inflammation, and a heightened risk of infections and allergic complications. Patients often experience widespread skin redness, scaling, persistent itching, and significant impairment in quality of life. There are currently no FDA-approved therapies for the treatment of Netherton Syndrome, and treatment options are limited to supportive care and off-label therapies. The FDA's Fast Track program is designed to facilitate the development and expedite the review of drugs that treat serious conditions and fill an unmet medical need. A therapy granted Fast Track Designation may benefit from more frequent interactions with the FDA, eligibility for rolling review of regulatory submissions, and potential qualification for Accelerated Approval and Priority Review, if relevant criteria are met. Duyuru • Jan 28
Quoin Pharmaceuticals Announces Submission to Japanese MHLW for Orphan Drug Designation for QRX003 in Netherton Syndrome Quoin Pharmaceuticals Ltd. announced that following a successful meeting with the Japanese MHLW that it has submitted an application for Orphan Drug Designation (ODD) for its lead product candidate, QRX003, for the treatment of Netherton Syndrome. At the meeting, the MHLW confirmed that QRX003 qualifies for both ODD and Fast Track regulatory review in Japan. Quoin remains steadfastly committed to completing the clinical development of QRX003 with a high degree of urgency on behalf of patients and families living with this devastating disease." QRX003 lotion (4%) is being evaluated in two late-stage whole body pivotal clinical trials for Netherton Syndrome. Enrollment in both pivotal studies is expected to be completed in 1H 2026, top-line data is anticipated in the second half of 2026, and NDA submission is planned later in the year or early 2027. In 2025, QRX003 was granted Orphan Drug Designation for the treatment of Netherton syndrome by both the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA). Duyuru • Jan 21
Quoin, Inc. Announces Application for Breakthrough Medicine Designation with the SFDA for QRX003 On January 20, 2026, the Company announced that it has filed an application for Breakthrough Medicine Designation with the SFDA for QRX003, its lead investigational, late-stage topical product candidate for the treatment of Netherton Syndrome. The SFDA's Breakthrough Medicine Designation program is designed to expedite the development, review, and potential availability of medicines that address serious or life-threatening conditions with high unmet medical need and which meet SFDA eligibility requirements, which include: Targets serious debilitating or life-threatening conditions with unmet medical need. The medicinal product is likely to offer major advantages over methods currently used. The potential adverse effects of the medicinal product are considered to be outweighed by the benefits, allowing for the reasonable expectation of a positive benefit/risk balance. The product is not registered with any regulatory authority at the time of submission of the designation request. Quoin believes that QRX003 meets each of these eligibility requirements. If granted, the designation will allow for accelerated regulatory review and could enable earlier patient access in Saudi Arabia, potentially as early as the second half of 2026. QRX003 has received Orphan Drug and Pediatric Rare Disease Designations from the U.S. Food and Drug Administration and Orphan Drug Designation from the European Medicines Agency for the potential treatment of Netherton Syndrome. Quoin has an established distribution partnership with Genpharm for QRX003 for Saudi Arabia and other MENA countries. QRX003 lotion (4%) is currently being evaluated in two late-stage whole-body pivotal clinical trials in patients with Netherton Syndrome. Enrollment in both studies is expected to be completed in the first half of 2026, with top-line data anticipated in the second half of 20 26. QRX003 plans to submit a New Drug Application (NDA) in the United States and other territories in late 2026/early 2027, subject to successful clinical outcomes. Breakeven Date Change • Dec 31
Forecast to breakeven in 2028 The 2 analysts covering Quoin Pharmaceuticals expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$41.2m in 2028. Average annual earnings growth of 57% is required to achieve expected profit on schedule. Duyuru • Nov 12
Quoin Pharmaceuticals Announces Achievement of Topical Rapamycin Target Loadings for Two Proprietary Delivery Technologies Quoin Pharmaceuticals Ltd. announced that the target loading concentrations for its two topical rapamycin delivery technologies have been successfully achieved. Specifically, a rapamycin loading concentration of 4% w/w has been achieved for Quoin's proprietary topical formulation while an even higher rapamycin concentration of 5% w/w has been formulated in a proprietary dermal patch system. The Company plans to move forward with the manufacture of clinical trial and stability batches from at least one of the delivery technologies this quarter with a view to commencing clinical testing in the first half of 2026. The initial clinical indications that have been identified by the Company as targets include Microcystic Lymphatic Malformations and Venous Malformations among others. For each of these initial targets, there are currently no FDA approved treatments or cures. New Risk • Nov 09
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$1.2m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (45% average weekly change). Negative equity (-US$1.2m). Shareholders have been substantially diluted in the past year (482% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$7.56m market cap). Duyuru • Oct 24
Quoin Pharmaceuticals, Ltd. announced that it has received $16.450005 million in funding from a group of investors On October 23, 2025, the Quoin Pharmaceuticals, Ltd. closed the transaction. The company raised the proceeds pursuant to Regulation D from 27 investors. The sales commission of $1,227,995 paid and $75,000 for legal and other out-of-pocket expenses also paid. New Risk • Oct 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 43% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (43% average weekly change). Shareholders have been substantially diluted in the past year (417% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$4.80m market cap). Duyuru • Oct 10
Quoin Pharmaceuticals, Ltd. announced that it expects to receive $16.450005 million in funding from a group of investors Quoin Pharmaceuticals, Ltd. announced that it has entered into a securities purchase agreement for issuance of 1,993,940 American Depository Shares (or pre-funded warrants in lieu thereof) at a combined purchase price of $8.25 per ADS ($8.2499 per pre-funded warrant) for gross proceeds of $16,450,005 on October 10, 2025. The pre-funded warrants are exercisable at $0.0001. The company will also issue Series H warrants to purchase up to 1,993,940 ADSs at an exercise price of $9.075 per ADS; Series I warrants to purchase up to 1,993,940 ADSs at an exercise price of $10.3125 per ADS; Series J warrants to purchase up to 1,993,940 ADSs at an exercise price of $12.375 per ADS; and Series K warrants to purchase up to 1,993,940 ADSs at an exercise price of $12.375 per ADS. The private placement is expected to close on or about October 14, 2025 subject to satisfaction of customary closing conditions. The offer and sale of the foregoing securities, including the ADSs, pre-funded warrants, and accompanying common warrants, are being made in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder, and the securities have not been registered under the Securities Act or applicable state securities laws. The transaction includes participation from new healthcare-focused investors, including Aigh Capital Management, LLC, Soleus Capital LLC, Nantahala Capital Management, LLC, Diadema Partners, Stonepine Capital Management LLC, ADAR1 Capital Management, LLC, Velan Capital Partners LP, and other investors. Duyuru • Aug 18
Quoin Pharmaceuticals Ltd. Appoints Sally Lawlor as Chief Financial Officer, Effective August 18, 2025 Quoin Pharmaceuticals Ltd. on August 18, 2025 announced the appointment of its new Chief Financial Officer as the Company advances its lead product candidate, QRX003, through pivotal clinical studies and prepares for potential commercialization. Quoin has appointed Sally Lawlor, BCL, FCA, as its new Chief Financial Officer, effective August 18, 2025. Ms. Lawlor is an accomplished finance executive with over 20 years of experience in financial leadership roles in public and private companies as well as a Big Four accounting firm. In her most recent role at Sebela Pharmaceuticals, Ms. Lawlor managed financial reporting under U.S. GAAP and IFRS, oversaw global tax planning and compliance, as well as budgeting, forecasting, and external audits. Prior to Sebela, she served in senior tax leadership positions at Aptiv Plc and spent over a decade at KPMG advising multinational clients, primarily in the pharmaceutical and technology sectors. Ms. Lawlor is a Fellow of Chartered Accountants Ireland and a member of the Irish Taxation Institute. Price Target Changed • Aug 11
Price target decreased by 68% to US$48.50 Down from US$150, the current price target is an average from 2 analysts. New target price is 578% above last closing price of US$7.15. Stock is down 62% over the past year. The company is forecast to post a net loss per share of US$25.57 next year compared to a net loss per share of US$66.90 last year. Price Target Changed • Aug 10
Price target increased by 40% to US$210 Up from US$150, the current price target is an average from 3 analysts. New target price is 2,837% above last closing price of US$7.15. Stock is down 59% over the past year. The company is forecast to post a net loss per share of US$25.57 next year compared to a net loss per share of US$66.90 last year. Duyuru • Jul 31
Quoin Pharmaceuticals, Ltd. to Report Q2, 2025 Results on Aug 07, 2025 Quoin Pharmaceuticals, Ltd. announced that they will report Q2, 2025 results at 9:30 AM, US Eastern Standard Time on Aug 07, 2025 Duyuru • Jul 10
Quoin Pharmaceuticals Ltd. Announces Mutual Separation with CFO Gordon Dunn On July 3, 2025, Quoin Pharmaceuticals Ltd. (the “Company” or “Quoin”), and Gordon Dunn, the Company’s Chief Financial Officer, agreed to a mutual separation later this year. Mr. Dunn will continue in his current role until his successor is appointed. Duyuru • Jun 27
Quoin Pharmaceuticals Ltd. Releases New Netherton Now Video Featuring Professor Mellerio, International Expert in Genetic Skin Diseases Quoin Pharmaceuticals Ltd. announced the release of a new episode in its NETHERTON NOW video series. The episode features Professor Jemima Mellerio, a recognized authority in dermatology and genetic skin disorders. In the video, Professor Mellerio, Consultant Dermatologist at St John's Institute of Dermatology at Guy's and St Thomas' NHS Foundation Trust and Honorary Chair of Paediatric Dermatology at King's College London, shares her perspective on the complex and life-threatening challenges of Netherton Syndrome, particularly in infants and young children. The release of this video follows Quoin's recent announcement that the U.S. Food and Drug Administration (FDA) has granted Rare Pediatric Disease Designation for its lead product candidate, QRX003, for the treatment of Netherton Syndrome. Together with Orphan Drug status from the European Medicines Agency (EMA), this designation highlights the serious and underserved nature of the disease in pediatric patients. The NETHERTON NOW campaign is an ongoing initiative from Quoin to raise awareness, improve education and elevate the voices of patients, caregivers and experts in the field. Price Target Changed • Jun 02
Price target increased by 34% to US$210 Up from US$157, the current price target is an average from 3 analysts. New target price is 2,362% above last closing price of US$8.53. Stock is down 68% over the past year. The company is forecast to post a net loss per share of US$27.30 next year compared to a net loss per share of US$66.90 last year. Duyuru • May 22
Quoin Pharmaceuticals Ltd. Announces FDA Clearance to Initiate Second Pivotal Whole Body Qrx003 Netherton Syndrome Clinical Study Quoin Pharmaceuticals Ltd. announced FDA clearance to initiate a second Netherton Syndrome (NS) pivotal clinical study CL-QRX003-002 for QRX003. Quoin's lead product, QRX003, is a topical lotion formulated with a broad-spectrum serine protease inhibitor that has been shown to significantly downregulate the hyperactivity of the kallikreins in the skin responsible for the excessive skin shedding associated with this disease. Clinical data from Quoin's ongoing studies has demonstrated clear evidence of rapid, prolonged and almost complete skin healing following twice-daily application of QRX003 to the treatment areas along with the almost complete elimination of key symptoms such as chronic, debilitating pruritus and has facilitated zero nightly sleep disturbances. Study CL-QRX003 -002 builds off of positive clinical data generated in Quoin's earlier stage open-label study where QRX003 was applied to the arms and lower legs or approximately 20% of each subject's body surface area (BSA). In this pivotal study, QRX003 will be applied to approximately 12-15 subjects twice daily to at least 80% of each of the subjects' BSA thereby generating substantially more safety and efficacy data per subject and will match how QRX003 is intended to be used if regulatory approval is obtained. Each of the U.S. and international sites has available cohorts of subjects that are ready to participate in both studies facilitating a rapid pace of recruitment which could enable Quoin to achieve its target of fully completing recruitment before the end of First Quarter 2026 and to file an NDA for regulatory approval later in the year. Duyuru • May 15
Quoin Pharmaceuticals Announces Initial Positive Clinical Data for QRX003 from Pediatric Peeling Skin Syndrome Study Quoin Pharmaceuticals Ltd. announced positive initial clinical data from its ongoing Investigator Pediatric Peeling Skin Syndrome clinical study. After 12 weeks of treatment, clear evidence of skin healing in the area treated with QRX003 compared to baseline was observed. M-IASI: Modified Ichthyosis Area of Severity Index, a score used to assess the severity and extent of skin symptoms associated with ichthyosis. Lower scores indicate improvement. Generalized inflammatory peeling skin syndrome (PSS) is a rare autosomal recessive genodermatosis caused by loss-of-function disease-causing variants of the corneodesmosin gene (CDSN), resulting in excessive shedding of the superficial layers of the epidermis. Patients generally suffer from a variety of conditions including severe pain and chronic pruritus (itch). There is currently no approved treatment for PSS, and patients try to manage symptoms using over-the-counter emollients. Duyuru • May 06
Quoin Pharmaceuticals, Ltd. to Report Q1, 2025 Results on May 13, 2025 Quoin Pharmaceuticals, Ltd. announced that they will report Q1, 2025 results Pre-Market on May 13, 2025 Duyuru • Apr 02
Quoin Pharmaceuticals Ltd. Announces Additional Positive 'Whole Body' Clinical Data from Ongoing Pediatric Netherton Syndrome Study and Approval to Initiate Testing of A Second Pediatric Patient Quoin Pharmaceuticals Ltd. announced additional highly positive clinical data from its ongoing Investigator Pediatric Netherton Syndrome (NS) study. After 6 weeks of continued whole body application of QRX003, the subject's skin remains almost completely healed demonstrating the durability of ongoing daily treatment with the product. In addition, the patient has continued to have no requirement for previously necessary medications such as antibiotics, antivirals, antihistamines and glucocorticoids. Furthermore, report that no adverse events have been reported after six full weeks of whole-body application of QRX003. Based on these positive results, approval has been received to initiate whole body application of QRX001 to a second pediatric Netherton patient. Testing is expected to commence in just a few weeks and look forward to providing updates on both patients progress as the company continue with plans to further expand this study to include additional pediatric subjects. Duyuru • Mar 25
Quoin Pharmaceuticals Files U.S. Patent Application for Novel Topical Formulations to Treat Netherton Syndrome and Other Skin Diseases Quoin Pharmaceuticals Ltd. announced it has filed a U.S. patent application for novel topical formulations to treat a number of skin diseases, including Netherton Syndrome (NS). Quoin’s lead product, QRX003, is currently being tested in four Netherton Syndrome clinical trials. Three of these trials are being conducted under Quoin’s open Investigational New Drug (IND) application with the US Food and Drug Administration (FDA). QRX003 is also currently being tested in a pediatric NS patient at the Children’s Hospital in Dublin, Ireland and the Company intends to expand this study to include additional children with NS in Spain, the United Kingdom and potentially other countries. The Company has recently reported positive initial clinical data from the two open label studies for which data is available. This patent application also includes Peeling Skin Syndrome for which Quoin has an ongoing Investigator Clinical Study in a pediatric patient in New Zealand. There are currently no FDA approved treatments for either Netherton Syndrome or Peeling Skin Syndrome. Breakeven Date Change • Mar 14
No longer forecast to breakeven The 2 analysts covering Quoin Pharmaceuticals no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$26.7m in 2027. New consensus forecast suggests the company will make a loss of US$1.70m in 2027. New Risk • Mar 13
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$8.7m Forecast net loss in 3 years: US$3.9m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (over 10x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$6.11m market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$3.9m net loss in 3 years). Duyuru • Mar 06
Quoin Pharmaceuticals, Ltd. to Report Q4, 2024 Results on Mar 13, 2025 Quoin Pharmaceuticals, Ltd. announced that they will report Q4, 2024 results Pre-Market on Mar 13, 2025 Duyuru • Mar 04
Quoin Pharmaceuticals Files U.S. and International Patent Applications for Novel Topical Rapamycin Formulations to Treat Rare Disease Indications Quoin Pharmaceuticals Ltd. announced it has filed U.S. and International patent applications for novel topical rapamycin (sirolimus) formulations as potential treatments for a number of rare diseases including microcystic lymphatic malformations, venous malformations and angiofibromas. The products are being developed using Quoin's in-licensed proprietary Invisicare delivery technology. There are currently no FDA approved treatments for either microcystic lymphatic mal formations or venous malformations. The proprietary Invisicare delivery Technology, which Quoin has exclusive rights to for all orphan rare skin disease applications, is designed to optimize penetration of rapamycin deep into dermis where it can be most effective clinically. The Invisicare technology is designed to overcome these limitations. Quoin is currently enrolling patients in three clinical trials being conducted under its open Investigational New Drug (IND) application, evaluating its QRX003 topical lotion as a potential treatment of Netherton Syndrome. To date, Quoin remains the only company actively recruiting subjects into multiple NS clinical trials that are being conducted under an open IND. These benign fibrous neoplasms exhibit a proliferation of stellate and spindled cells, thin-walled blood vessels with dilated lumina in the dermis, and concentric collagen bundles. These growths typically manifest as small, firm, reddish, or fibrous papules, most commonly on the face (often referred to as fibrous papules or adenoma sebaceum), particularly around the nose and cheeks. Duyuru • Feb 27
Quoin Pharmaceuticals Ltd. Announces Highly Positive 'Whole Body' Clinical Data from Ongoing Pediatric Netherton Syndrome Study Quoin Pharmaceuticals Ltd. announced highly positive clinical data from its ongoing Investigator Pediatric Netherton Syndrome (NS) study. Dramatic improvement was observed in the patient's disease state with clear visual evidence of skin healing observed after just two weeks of whole-body application of QRX003. No adverse events have been reported to date. Both key clinical endpoints, Investigator's Global Assessment (IGA) and Pruritus or itch, demonstrated highly significant clinical improvements from baseline after two weeks of treatment with QRX003 on patient's whole body. The company believe that these results indicate that QRX003 is directly targeting the root cause of the disease and has the potential to provide NS patients with the opportunity to have lives essentially free from the ravages of this terrible disease. In addition, the patient is now, for the first time, experiencing zero nightly sleep disturbances, again providing additional evidence of the potential efficacy of QRX003. Finally, the company reported that no adverse events have been recorded after two weeks of twice-daily, whole-body application of QR X003. Duyuru • Jan 23
Quoin Pharmaceuticals Ltd. Announces Further Clinical Evidence of QRX003 Effectiveness in Netherton Syndrome Quoin Pharmaceuticals Ltd. announced further clinical evidence of the potential efficacy of QRX003 in Netherton Syndrome. In December 2024 and January 2025, Quoin announced positive data from the mid-point and at completion of 12 weeks of testing the first subject dosed twice-daily in Quoin’s ongoing open-label study which demonstrated evidence of clear improvement across all measured clinical endpoints. Today Quoin is sharing additional data on that subject at 4 weeks post-discontinuation of treatment with QRX003. As the table below illustrates all of the positive clinical benefits observed after 12 weeks of testing with QRX003 were completely reversed by 4 weeks after discontinuation of treatment resulting in the subject’s disease state reverting to the baseline status observed prior to QRX003 treatment. These results strongly indicate that ongoing, chronic treatment with QRX003 is necessary for a continued positive clinical outcome in Netherton Syndrome patients. Duyuru • Jan 06
Quoin Pharmaceuticals Ltd. Announces Additional Positive Interim Data from Ongoing Open-Label Netherton Syndrome Clinical Study Quoin Pharmaceuticals Ltd. announces additional positive interim clinical data from one of its ongoing Netherton Syndrome clinical studies. In December 2024, Quoin announced positive data from the first subject dosed twice-daily in Quoin’s ongoing open-label study after 6-weeks of dosing with QRX003, marking the midpoint of testing. The Company shareed clinical data for that subject upon completion of testing. The illustrates the clear improvements observed for this subject from baseline through 12 weeks of twice-daily dosing with QRX003 across all measured clinical endpoints. In addition, the patient satisfaction scores across multiple assessed metrics which were highly positive after 6 weeks of testing demonstrated even further improvement after 12 weeks. No safety concerns were reported for the subject throughout the study. Breakeven Date Change • Dec 31
Forecast to breakeven in 2027 The 2 analysts covering Quoin Pharmaceuticals expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$26.7m in 2027. Average annual earnings growth of 57% is required to achieve expected profit on schedule. Duyuru • Dec 19
Quoin Pharmaceuticals Ltd. Announces FDA Clearance to Initiate New QRX003 Netherton Syndrome Clinical Study Quoin Pharmaceuticals Ltd. 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. Duyuru • Dec 18
Quoin Pharmaceuticals, Ltd. Announces Positive Interim Data from Two Ongoing Netherton Syndrome Clinical Studies Quoin Pharmaceuticals Ltd. announced positive interim clinical data from two of its ongoing Netherton Syndrome clinical studies. Data from the first subject being dosed twice-daily in Quoin’s ongoing open label study is suggestive of clinical efficacy across a number of measured endpoints after six weeks of dosing with QRX003, which is the midpoint of testing. At baseline, prior to dosing, the subject’s Modified Ichthyosis Area of Severity Index (MIASI) was 18. Following six weeks of dosing with QRX003, the subject’s MIASI had been reduced to 4. In addition, the Investigator’s Global Assessment (IGA) of disease severity prior to dosing classified the subject as ‘moderate’. After six weeks of dosing with QRX003, the IGA for the subject was classified as ‘mild’. The subject’s pruritus or itch assessment at baseline was 7 out of a maximum of 11 based on the Worst Itch Numeric Rating Scale (WINRS) and was reduced to 4 at the treatment midpoint. Finally, the patient satisfaction scores across assessed metrics were highly positive. No safety concerns were reported for the subject during this initial testing period. In addition, after the initial 12 days of dosing in Quoin’s ongoing 12-week Investigator Pediatric Study, a significant improvement was observed in the skin area treated with QRX003 versus the non-treated area. Specifically, at baseline prior to dosing with QRX003, the IGA assessment of the subject’s skin was classified as ‘severe’. After 12 days of treatment with QRX003, this was improved to ‘mild-moderate’, representing a very rapid improvement in skin appearance. There have been no adverse events or safety concerns reported to date. Duyuru • Dec 12
Quoin Pharmaceuticals, Ltd. has filed a Follow-on Equity Offering. Quoin Pharmaceuticals, Ltd. has filed a Follow-on Equity Offering.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 19,230,769
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 19,230,769
Security Name: Series F Warrants
Security Type: Equity Warrant
Securities Offered: 19,230,769
Security Name: Series G Warrants
Security Type: Equity Warrant
Securities Offered: 19,230,769 Price Target Changed • Nov 13
Price target increased by 25% to US$6.00 Up from US$4.82, the current price target is an average from 2 analysts. New target price is 870% above last closing price of US$0.62. Stock is down 85% over the past year. The company is forecast to post a net loss per share of US$2.05 next year compared to a net loss per share of US$9.64 last year. New Risk • Nov 10
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$8.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.8m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (412% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$3.38m market cap). Duyuru • Nov 05
Quoin Pharmaceuticals Ltd. Initiates Clinical Testing of Lead Product in Pediatric Netherton Syndrome Patient Quoin Pharmaceuticals Ltd. announced that it has initiated the testing of the safety and efficacy of QRX003 in a young child with Netherton Syndrome (NS), a rare inherited genetic disease. There is currently no approved treatment for NS and no cure. The clinical assessment is being led by Dr. Alan Irvine, a consultant dermatologist at Children’s Health Ireland and professor of dermatology at Trinity College Dublin. Dr. Irvine is president of the International Eczema Council and an elected member of the Royal Irish Academy. He has published over 250 peer-reviewed papers in high-impact journals, including many on epithelial genetics. QRX003 is Quoin’s most advanced pipeline product and is currently being evaluated in two late-stage clinical trials as a potential treatment for NS under an open Investigational New Drug application with the U.S. Food and Drug Administration. Clinical data generated to date for QRX003 in NS patients has been promising with all evaluable subjects demonstrating improvement across a number of endpoints with no treatment-related adverse events recorded. In addition to the five open clinical sites in the United States, a sixth site is opening in Saudi Arabia. On October 22, Quoin also announced the planned opening of two additional clinical sites in the United Kingdom, each of which has a cohort of patients potentially eligible for recruitment. Duyuru • Oct 01
Quoin Pharmaceuticals, Ltd., Annual General Meeting, Dec 05, 2024 Quoin Pharmaceuticals, Ltd., Annual General Meeting, Dec 05, 2024. Price Target Changed • Aug 09
Price target decreased by 17% to US$4.82 Down from US$5.80, the current price target is an average from 3 analysts. New target price is 872% above last closing price of US$0.50. Stock is down 92% over the past year. The company is forecast to post a net loss per share of US$3.52 next year compared to a net loss per share of US$9.64 last year. Duyuru • Aug 06
Quoin Pharmaceuticals to Initiate Clinical Study for Peeling Skin Syndrome Quoin Pharmaceuticals Ltd. announced the planned initiation of an investigator-led clinical study in New Zealand to evaluate the safety and efficacy of QRX003 in a pediatric patient with Peeling Skin Syndrome (PSS). QRX003 is Quoin’s most advanced pipeline product and is currently being evaluated in two late stage clinical trials in the United States as a potential treatment for Netherton Syndrome (NS). Both studies are being conducted under an open Investigational New Drug (IND) application with the Food and Drug Administration (FDA). QRX003 is a unique “whole body, whole life” topical lotion that targets the vicious circle of skin inflammation and barrier disruption. QRX003 is a unique “whole body, whole life” topical lotion that targets the vicious circle of skin inflammation and barrier disruption. Generalized inflammatory peeling skin syndrome (PSS) is a rare autosomal recessive genodermatosis caused by loss-of-function disease-causing variants of the corneodesmosin gene (CDSN), resulting in excessive shedding of the superficial layers of the epidermis. Patients generally suffer from a variety of conditions including severe pain and chronic pruritis (itch). There is currently no approved treatment for PSS, and patients manage symptoms using over-the-counter emollients. QRX003 is a topical lotion, formulated with a proprietary delivery technology, and contains a broad- spectrum serine protease inhibitor, whose mechanism of action is intended to perform the function of a specific protein, called LEKTI. The absence of LEKTI in Netherton patients leads to excessive skin shedding resulting in a highly porous and compromised skin barrier. QRX003 is designed to lead to a more normalized skin shedding process and the formation of a stronger and more effective skin barrier. Duyuru • Aug 02
Quoin Pharmaceuticals, Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Quoin Pharmaceuticals, Ltd. announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024 Duyuru • Jun 28
Quoin Pharmaceuticals, Ltd. Announces International Expansion of Ongoing Clinical Trials for Netherton Syndrome Quoin Pharmaceuticals, Ltd. announces that it will expand its ongoing Netherton Syndrome clinical studies to include international sites. The first international site will be opened at a research hospital in Saudi Arabia. This hospital is currently treating a number of Netherton patients who will now become eligible for recruitment into Quoin’s studies. An experienced Clinical Research Organization has been engaged to manage the study locally. The Saudi site will operate under the auspices of Quoin’s open Investigational New Drug application with the US Food and Drug Administration. Plans to open additional international clinical sites are at an advanced stage. Quoin is conducting two ongoing clinical trials evaluating QRX003, a topical lotion, for the treatment of Netherton Syndrome. New Risk • Jun 12
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$8.4m Forecast net loss in 3 years: US$2.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (303% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$2.94m market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$2.0m net loss in 3 years). Duyuru • May 04
Quoin Pharmaceuticals Receives Written Notice from Nasdaq Regarding Non- Compliance Minimum Bid Price Requirement Per ADS as Required by Nasdaq Listing Rule 5550(a)(2) On April 29, 2024, Quoin Pharmaceuticals Ltd. (the ‘Company’) received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that for the preceding 31 consecutive business days (March 14, 2024 through April 26, 2024), the Company’s American Depositary Shares (‘ADSs’) did not maintain a minimum closing bid price of $1.00 (‘Minimum Bid Price Requirement’) per ADS as required by Nasdaq Listing Rule 5550(a)(2). The notice has no immediate effect on the listing or trading of the Company’s ADSs and the ADSs will continue to trade on The Nasdaq Capital Market under the symbol ‘QNRX.’ In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until October 28, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2). Compliance may be achieved without further action if the closing bid price of the Company’s ADSs is at or above $1.00 for a minimum of ten consecutive business days at any time during the 180-day compliance period, in which case Nasdaq will notify the Company if it determines it is in compliance and the matter will be closed; however Nasdaq may require the closing bid price to equal or to exceed the $1.00 minimum bid price requirement for more than 10 consecutive business days before determining that a company complies. If, however, the Company does not achieve compliance with the Minimum Bid Price Requirement by October 28, 2024, the Company may be eligible for additional time to comply. In order to be eligible for such additional time, the Company will be required to meet the continued listing requirement for market value of publicly held ADSs and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and must notify Nasdaq in writing of its intention to cure the deficiency during the second compliance period. The Company intends to actively monitor the bid price of its ADSs and will consider available options to regain compliance with the Nasdaq listing requirements. Duyuru • May 03
Quoin Pharmaceuticals, Ltd. to Report Q1, 2024 Results on May 09, 2024 Quoin Pharmaceuticals, Ltd. announced that they will report Q1, 2024 results Pre-Market on May 09, 2024 New Risk • Mar 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$8.7m Forecast net loss in 3 years: US$928k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (120% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$2.09m market cap). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$928k net loss in 3 years). Share price has been volatile over the past 3 months (17% average weekly change). Duyuru • Mar 08
Quoin Pharmaceuticals, Ltd. to Report Q4, 2023 Results on Mar 13, 2024 Quoin Pharmaceuticals, Ltd. announced that they will report Q4, 2023 results After-Market on Mar 13, 2024 Duyuru • Mar 05
Quoin Pharmaceuticals, Ltd. Announces FDA Clearance to Recruit Teen Subjects into Both Ongoing Netherton Syndrome Clinical Studies Quoin Pharmaceuticals Ltd. announced clearance from the U.S. Food and Drug Administration (FDA) to recruit teen subjects aged 14 years and older into its two ongoing clinical trials for QRX003, which is being developed as a potential treatment for Netherton Syndrome (NS). Both trials are being conducted under Quoin’s open Investigational New Drug Application (IND) for QRX003. This FDA clearance represents the very first time that non-adult Netherton subjects will be tested in clinical studies conducted under an open-IND and, as such, represents a very significant and important step forward for members of this community. Significantly, teens who are currently receiving off-label systemic therapy will be eligible to participate in open-label study, while those who are not receiving such therapy may be recruited into the placebo controlled blinded study. This important feature not only widens the pool of eligible subjects but also eliminates the need for parents or caregivers to make difficult decisions about treatments these patients and loved ones are receiving. The inclusion of this patient population in studies will be, The company believe, a critical component of the development of a robust data set that could result in regulatory approval with a broad label as QRX003 is being tested both as monotherapy and in conjunction with off-label treatments. Duyuru • Feb 13
Quoin Pharmaceuticals, Ltd. has filed a Follow-on Equity Offering. Quoin Pharmaceuticals, Ltd. has filed a Follow-on Equity Offering.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 2,089,552
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 2,089,552
Security Name: Series D Warrants
Security Type: Equity Warrant
Securities Offered: 2,089,552
Security Name: Series E Warrants
Security Type: Equity Warrant
Securities Offered: 2,089,552 Duyuru • Feb 09
Quoin Pharmaceuticals Ltd. Files U.S. and International Patent Applications for Novel Netherton Syndrome Combination Product Quoin Pharmaceuticals Ltd. announced it has filed U.S. and International Patent applications for a novel combination product as a potential treatment of Netherton Syndrome. This new product combines a broad spectrum serine protease inhibitor with an anti-inflammatory agent in a proprietary topical formulation. Quoin anticipates that patents arising from these applications will extend to at least 2044. Quoin is currently enrolling patients in two clinical trials being conducted under its open Investigational New Drug (IND) application, evaluating its QRX003 topical lotion as a potential treatment of Nether ton Syndrome. To date, Quoin remains the only company actively recruiting subjects into NS clinical trials that are being conducted under an open IND. Breakeven Date Change • Dec 31
Forecast to breakeven in 2026 The 3 analysts covering Quoin Pharmaceuticals expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$5.92m in 2026. Average annual earnings growth of 54% is required to achieve expected profit on schedule. Duyuru • Dec 21
Quoin Pharmaceuticals Ltd. Announces FDA Clearance of Clinical Optimization Plan for QRX003 for Netherton Syndrome Quoin Pharmaceuticals Ltd. announced that it has received U.S. Food and Drug Administration (FDA) clearance to implement a number of protocol amendments to its two ongoing clinical trials for QRX003, which is being developed as a potential treatment for Netherton Syndrome (NS). Both trials are being conducted under Quoin's open Investigational New Drug Application (IND) for QRX003. As a result of positive initial clinical data across multiple endpoints and a strong safety profile to date, the company has made a number of protocol amendments to both ongoing trials. The company believes that implementation of these protocol amendments may result in an even more robust data set and potentially more rapid approval with a broader label. The number of subjects in the blinded trial is increased to 30 from 18. As a result of the positive safety profile observed to date, the lower 2% dose has been eliminated from the trial going forward. All subjects will now receive either 4% QRX003 or a placebo vehicle, both of which will be applied twice-daily instead of the current once-daily treatment. The number of subjects in The open-label trial is increased to 20 from 10, and the dosing frequency will also be twice-daily going forward. All subjects in this trial will continue to receive off-label systemic therapy throughout the duration of treatment. All current clinical endpoints for both trials will remain the same and Quoin plans to open additional clinical sites to efficiently accommodate this increase in the number of enrolled subjects. Interest from subjects and clinical investigators continues to be very high and Quoin remains the only company actively recruiting subjects into NS clinical trials that are being conducted under an open IND. New Risk • Nov 16
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$8.7m Forecast net loss in 3 years: US$14m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (144% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$4.20m market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$14m net loss in 3 years). Duyuru • Nov 04
Quoin Pharmaceuticals, Ltd. to Report Q3, 2023 Results on Nov 08, 2023 Quoin Pharmaceuticals, Ltd. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Duyuru • Oct 25
Quoin Pharmaceuticals, Ltd. Announces Additional Positive Clinical Data from Open-Label, Single-Arm Clinical Trial in Netherton Syndrome Quoin Pharmaceuticals Ltd. announced additional positive clinical data from its ongoing open-label study evaluating the safety and efficacy of QRX003 as a potential treatment for Netherton Syndrome (NS). This study, which is being conducted under Quoin’s open Investigational New Drug (IND) application, is an open-label, single-arm trial that is evaluating 10 NS patients dosed with QRX003 over a twelve week period. All subjects in the study are continuing to receive off-label systemic therapy for the duration of the trial. Of the available data from six evaluable subjects, five demonstrated a well-defined positive improvement in pruritus, or itch, with those five subjects reporting absent or negligible pruritus on completion of dosing with QRX003 based on the endpoint scoring system. The sixth subject’s pruritus was effectively unchanged on completion of dosing with QRX003. In the Investigator assessed skin scoring system, all six patients experienced an improvement in skin appearance, with three of the six subjects demonstrating improvement throughout the study, while for the other three subjects, signs of improvement were exhibited at various points throughout the dosing period. Importantly, all of the 6 subjects indicated a positive impression of QRX003 across a number of key metrics. The initial safety data across all patients is highly supportive of further product development with no reported treatment related adverse events impacting the study. The active ingredient in QRX003 is a broad-spectrum serine protease inhibitor, whose mechanism of action is intended to down-regulate the hyperactivity of skin kallikreins, leading to a more normalized rate of skin shedding. If proven to be safe and effective, long term daily application of QRX003 could lead to the development of a more normally functioning skin barrier and a significant improvement in the quality of life of Netherton patients. Price Target Changed • Oct 04
Price target decreased by 13% to US$90.31 Down from US$104, the current price target is an average from 3 analysts. New target price is 2,050% above last closing price of US$4.20. Stock is down 86% over the past year. The company is forecast to post a net loss per share of US$11.05 next year compared to a net loss per share of US$46.81 last year. Duyuru • Sep 13
Quoin Pharmaceuticals, Ltd., Annual General Meeting, Oct 19, 2023 Quoin Pharmaceuticals, Ltd., Annual General Meeting, Oct 19, 2023, at 12:00 US Eastern Standard Time. Location: the offices of Blank Rome LLP One Logan Square, Philadelphia Pennsylvania United States Agenda: To elect each of Dr. Michael Myers, Denise Carter, Joseph Cooper, James Culverwell, Dennis H. Langer, Natalie Leong, and Michael Sember to serve as a director of Quoin until Quoin’s next annual general meeting of shareholders and until such director’s successor is duly elected and qualified, or until such director’s earlier resignation or retirement; to adopt an amendment of company's Amended and Restated Articles of Association, as amended (the “Articles of Association”), to increase company's registered share capital from 500,000,000,000 ordinary shares, no par value, to 6,000,000,000,000 ordinary shares, no par value; to adopt an amendment of company's Articles of Association to effect a reverse split of company's ordinary shares at a ratio of 1-for-60,000; to approve an amendment of the terms of employment of Dr. Michael Myers, company's Chief Executive Officer; and to consider other matters. Duyuru • Jul 29
Quoin Pharmaceuticals, Ltd. to Report Q2, 2023 Results on Aug 02, 2023 Quoin Pharmaceuticals, Ltd. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 New Risk • Jul 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (over 16x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$8.97m market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$6.8m net loss in 3 years). Price Target Changed • May 10
Price target increased by 37% to US$12.00 Up from US$8.75, the current price target is an average from 2 analysts. New target price is 2,362% above last closing price of US$0.49. Stock is down 94% over the past year. The company is forecast to post a net loss per share of US$1.06 next year compared to a net loss per share of US$3.90 last year. Breakeven Date Change • Mar 16
No longer forecast to breakeven The 4 analysts covering Quoin Pharmaceuticals no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$17.3m in 2025. New consensus forecast suggests the company will make a loss of US$6.60m in 2025. Price Target Changed • Mar 05
Price target decreased by 13% to US$10.40 Down from US$12.00, the current price target is an average from 5 analysts. New target price is 1,785% above last closing price of US$0.55. Stock is down 96% over the past year. The company is forecast to post a net loss per share of US$4.60 next year compared to a net loss per share of US$31.99 last year. Breakeven Date Change • Dec 31
Forecast to breakeven in 2025 The 3 analysts covering Quoin Pharmaceuticals expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$18.3m in 2025. Average annual earnings growth of 47% is required to achieve expected profit on schedule. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Natalie Leong is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Breakeven Date Change • Aug 23
No longer forecast to breakeven The 4 analysts covering Quoin Pharmaceuticals no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$12.1m in 2024. New consensus forecast suggests the company will make a loss of US$12.6m in 2024. Breakeven Date Change • May 07
Forecast to breakeven in 2024 The 4 analysts covering Quoin Pharmaceuticals expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$4.17m in 2024. Average annual earnings growth of 64% is required to achieve expected profit on schedule. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Natalie Leong is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.