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Quantum BioPharma Partners with BitGo to Securely Store its Crypto Currency Assets
Globenewswire· 2025-05-21 12:00
Core Viewpoint - Quantum BioPharma Ltd. has partnered with BitGo Trust Company to manage and store its cryptocurrency assets, including Bitcoin, Solana, XRP, and DOGE coin, enhancing its security and compliance as a public company [1][2]. Company Overview - Quantum BioPharma is a biopharmaceutical company focused on developing innovative assets and biotech solutions for neurodegenerative and metabolic disorders, as well as alcohol misuse disorders [3]. - The company is advancing its lead compound, Lucid-MS, which is designed to prevent and reverse myelin degradation associated with multiple sclerosis [3]. - Quantum BioPharma retains a 22.95% ownership stake in Celly Nutrition Corp., which markets the product unbuzzd™, and is entitled to a 7% royalty on sales until total payments reach $250 million, after which the royalty will decrease to 3% [3]. Partnership with BitGo - BitGo will provide institutional-grade custody services, including multi-signature wallets and 100% cold storage technology, to protect Quantum's cryptocurrency assets from theft and unauthorized access [2]. - The partnership aligns with Quantum's priorities for security and compliance as it expands its engagement with cryptocurrency assets [2][3]. Industry Context - The collaboration with BitGo reflects a broader trend where institutions like Quantum are shaping the future of digital finance, emphasizing the need for secure and compliant infrastructure [3][5]. - BitGo is recognized as a leading provider of digital asset solutions, serving thousands of institutions and handling a significant portion of Bitcoin network transactions [5].
Quantum BioPharma Announces Joint Clinical Study With Massachusetts General Hospital Scientists to Validate a Novel Positron Emission Tomography (PET) Imaging Technique to Monitor Demyelination In Multiple Sclerosis
Newsfilter· 2025-04-01 06:00
Core Viewpoint - Quantum BioPharma Ltd. has entered into a joint clinical study with Massachusetts General Hospital to validate a novel PET imaging technique for monitoring myelin integrity in multiple sclerosis patients [1][2]. Group 1: Clinical Study Details - The clinical study is titled "Preliminary Evaluation of [18F]3F4AP PET as a potential tool to monitor non-immunomodulatory drugs in multiple sclerosis" and is led by Dr. Pedro Brugarolas from MGH [2]. - The study will involve serial [18F]3F4AP PET scans alongside MRI scans in patients with both progressive and relapsing-remitting forms of MS [2]. - Previous studies indicated that [18F]3F4AP is highly sensitive to demyelinated lesions, suggesting its potential as a biomarker for monitoring demyelination changes in response to treatments [2]. Group 2: Company Insights - Quantum BioPharma is focused on developing innovative biopharmaceutical solutions for neurodegenerative disorders, with its lead compound, Lucid-MS, aimed at preventing and reversing myelin degradation [4]. - The company retains a 25.71% ownership stake in Celly Nutrition, which is involved in the development of the UNBUZZD™ product, and will receive a 7% royalty on sales until total payments reach $250 million, after which the royalty will drop to 3% [4]. - The collaboration with MGH is seen as relevant to the Lucid-MS clinical development program, which aims to protect the myelin sheath in MS [3].
Quantum Biopharma Announces Closing of Final $2.42 Million Tranche of $5 Million Total Financing on Improved Terms
Newsfilter· 2025-03-31 11:00
Group 1 - Quantum BioPharma Ltd. has closed the final tranche of its offering, raising a total of $5 million to advance research and development of innovative drug candidates and for general working capital purposes [1][2] - The company has developed a formulation for rekvry™, aimed at treating alcohol misuse in emergency and hospital settings, addressing an unmet need in healthcare [2] - Quantum BioPharma is focused on neurodegenerative and metabolic disorders, with its lead compound, Lucid-MS, showing promise in preventing and reversing myelin degradation in preclinical models [3] Group 2 - The company retains a 25.71% ownership stake in Celly Nutrition, which markets the product UNBUZZD™, and is entitled to a 7% royalty on sales until reaching $250 million, after which the royalty will drop to 3% [3] - Quantum BioPharma maintains a portfolio of strategic investments through its subsidiary, FSD Strategic Investments Inc., which includes loans secured by residential or commercial property [3]
Quantum Biopharma Announces Leading Crusader Against Naked Short Selling and Stock Manipulation, Terry Lynch Elected to Board of Directors
Newsfilter· 2025-03-27 11:00
Core Viewpoint - Quantum BioPharma Ltd. has appointed Terry Lynch to its board of directors, replacing Dr. Sanjiv Chopra, who will continue as an advisor to the company [1][3]. Group 1: Appointment Details - Terry Lynch is recognized for founding Save Canadian Mining and has a successful history as an executive in public micro-cap companies [2]. - Lynch is currently the CEO of Power Metallic Mines Inc., which recently secured $50 million in financing [2]. - He is also a co-founder of Cardiol Therapeutics, focusing on cannabidiol for cardiovascular disease treatment [2]. Group 2: Contributions to the Company - CEO Zeeshan Saeed highlighted three key contributions Lynch brings: extensive fundraising experience, biotech investment knowledge, and expertise in stock market manipulation [3]. - Lynch expressed excitement about joining Quantum BioPharma, emphasizing the company's potential and commitment to fairness in capital markets [3]. Group 3: Stock Options - The company granted Lynch 50,000 stock options to acquire Class B Shares at an exercise price of C$9.90, expiring on March 26, 2027 [3]. Group 4: Company Overview - Quantum BioPharma is focused on developing innovative biopharmaceutical solutions for neurodegenerative and metabolic disorders [4]. - The company is advancing its lead compound, Lucid-MS, aimed at preventing myelin degradation associated with multiple sclerosis [4]. - Quantum BioPharma retains a 25.71% ownership in Celly Nutrition, which includes a royalty agreement on sales from its product unbuzzd™ [4].