Quince Therapeutics reports biotechnology, clinical-development and corporate restructuring updates tied to its rare-disease focus. The company’s AIDE technology is a drug/device platform designed to encapsulate drugs in a patient’s own red blood cells, and its lead asset eDSP has been studied in Ataxia-Telangiectasia, a rare pediatric neurodegenerative disease.
Recurring news includes eDSP clinical data, scientific presentations and publications, business updates, financial results, debt-settlement activity and the company’s evaluation of strategic alternatives. Recent company communications also reflect the decision to cease clinical development of eDSP following Phase 3 NEAT trial results and to preserve cash while reviewing available corporate options.
Quince Therapeutics, Inc. (NASDAQ: QNCX) announced that CEO Dirk Thye will present at the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, at 9:00 a.m. ET. Investors can access a live webcast on the Investor Calendar page of Quince's website. The company focuses on innovative precision therapeutics for rare diseases, with its lead compound, NOV004, aimed at treating osteogenesis imperfecta and promoting rapid bone healing. NOV004 is set to enter Phase 1 clinical trials in 2023, targeting major unmet medical needs in bone health.
Quince Therapeutics, trading under the new Nasdaq ticker symbol QNCX, announces a strategic focus on developing precision therapeutics for rare diseases. The company emphasizes its lead molecule, NOV004, a bone-targeting drug designed to address significant unmet medical needs, particularly in skeletal indications. With approximately $105 million in cash, Quince expects to fund operations into the second half of 2025. The strategic plan includes acquiring clinical-stage assets and out-licensing legacy products, enhancing its pipeline in underserved therapeutic areas.
Cortexyme, Inc. will officially change its name to Quince Therapeutics on August 1, 2022, with the ticker symbol transitioning from CRTX to QNCX on the Nasdaq Global Select Market. This change aims to reflect the company’s updated growth strategy and development pipeline, which will be detailed in an upcoming news release. The current stock certificates remain valid and require no exchange. In conjunction with the name change, Quince Therapeutics will launch a new corporate website and social media profiles on Twitter and LinkedIn, also effective August 1, 2022.