Q BioMed surges as it updates on cancer pain drug acquisition

2 October 2019

US biotech Q BioMed (OTCQB: QBIO) saw its share rise 8.3% to $0.46 in early trading, after the company revealed it has entered into a settlement agreement with BioNucleonics to complete the outright acquisition of the non-opioid cancer bone pain drug Strontium-89 Chloride USP.

Q BioMed will assume immediate ownership of the drug, including the Abbreviated New Drug Application (ANDA), under a mutually favorable global royalty agreement.

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