Quoin Pharmaceuticals

Quoin Pharmaceuticals

QNRX
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QNRX · Stock Price

USD 6.37+0.18 (+2.91%)
Market Cap: $11.5M

Historical price data

Market Cap: $11.5MPipeline: 3 drugs (3 Phase 3)Founded: 2018HQ: Ashburn, United States

Overview

Quoin Pharmaceuticals is a clinical-stage company dedicated to addressing critical unmet needs in rare and orphan diseases, with a primary focus on severe skin barrier defects and vascular malformations. Its core achievement is the development of proprietary topical delivery systems for rapamycin, leading to its lead candidate, QRX003, which has secured multiple regulatory designations (Orphan Drug in US/EU, Rare Pediatric Disease) and is advancing in pivotal studies for Netherton Syndrome. The company's strategy combines targeted internal commercial infrastructure in key markets (US, Western Europe, Japan) with a network of nine exclusive marketing and distribution partnerships covering 61 additional countries to maximize global reach for its pipeline.

Rare Dermatological DiseasesVascular Malformations

Technology Platform

Proprietary topical formulation and delivery systems designed to achieve therapeutic loadings of rapamycin (sirolimus) and other compounds for localized treatment of skin barrier defects and vascular conditions.

Pipeline

3
3 drugs in pipeline3 in Phase 3
DrugIndicationStageWatch
QRX003-2% Lotion + QRX003-4% Lotion QAM + Vehicle + QRX003-4...Netherton SyndromePhase 2/3
QRX003, 4% LotionNetherton SyndromePhase 2/3
QRX003, 4% LotionNetherton SyndromePhase 2/3

Funding History

2
Total raised:$25M
IPO$10M
Series A$15M

Opportunities

Approval of QRX003 in 2027 for Netherton Syndrome would provide first-to-market status in an untreated ultra-orphan disease, supported by Orphan Drug exclusivity.
The platform technology allows efficient expansion into multiple other rare dermatological and vascular indications, and a potential Priority Review Voucher upon approval offers a significant non-dilutive financial asset.

Risk Factors

The company faces high clinical trial risk with its lead candidate, regulatory uncertainty despite designations, and a reliance on future dilutive financing given its pre-revenue status and micro-cap valuation.
Commercial execution in global ultra-rare markets through a hybrid model is also unproven.

Competitive Landscape

Direct competition in Netherton Syndrome is minimal with no approved therapies. Broader competition includes off-label compounded topical rapamycin and other biopharma companies in rare dermatology, but Quoin's proprietary, clinically-validated formulations and regulatory exclusivity provide defensible advantages.

Company Timeline

2018Founded

Founded in Ashburn, United States

2019Series A

Series A: $15.0M

2021IPO

IPO — $10.0M