Quoin Pharma raises up to $50M for rare disease development
US specialty pharma company Quoin Pharmaceuticals (Nasdaq: QNRX) on Friday said it has entered into a securities purchase agreement to raise up to approximately $50.0 million in gross proceeds.
The financing includes an initial upfront funding of approximately $30.8 million and up to an additional approximately $19.2 million upon the potential cash exercise of accompanying ordinary warrants at the election of investors.
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