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Quoin Pharmaceuticals Announces Publication of Peer-Reviewed Paper on QRX003 for Netherton Syndrome in Dermatology and Therapy

The pediatric case adds 21 months of treatment observations, while Phase 2/3 topline data are expected in Q2 2027.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Quoin Pharmaceuticals (QNRX) announced publication of a peer-reviewed paper describing QRX003 and a pediatric compassionate-use case in Netherton Syndrome. Published online October 13, 2026, in Dermatology and Therapy, the paper describes once-daily, whole-body treatment added to the patient’s existing treatment plan. Skin severity improved from severe to clear and itch disappeared by eight months. Over 21 months, skin remained mostly clear, with occasional almost-clear assessments; no treatment-related adverse events were reported.

Separately, four of the first six participants completing 12 weeks in the ongoing Phase 2/3 study achieved its primary endpoint of at least a one-grade improvement in skin severity. Quoin expects recruitment of all 20 participants by year-end 2026 and topline data in Q2 2027. The case report describes one patient, with clinical trials continuing to evaluate safety and efficacy.

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8 points · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

  • Moderate pointPhase 2/3 interim results: four of six (66.7%) achieved the primary endpoint after 12 weeks.
  • Moderate point. Forward-looking: it has not happened yet and may not happen.Quoin expects 20-participant recruitment by end of 2026 and topline results in Q2 2027.
  • Minor pointPrimary-endpoint analysis yielded p=0.0087 versus a pre-specified significance threshold of 0.0215.
  • Minor pointPediatric skin severity improved from severe to clear, with no itch by eight months.
  • Minor pointSkin remained mostly clear over 21 months, with occasional almost-clear assessments.
3 minor points
  • Minor pointPediatric treatment had no reported treatment-related adverse events from the family or treating physician.
  • Minor pointPreviously required antihistamines, glucocorticoids and antivirals were discontinued during treatment.
  • Minor pointThe patient required no antibiotics since whole-body application began and had no Netherton-related sleep disturbances.

Negative

  • Minor pointCompassionate-use evidence covers one patient, with QRX003 added to an existing treatment plan.

Key Figures

IGA improvement: 4 to 1 WI-NRS reduction: 5 to 1 IGA score: 0 +5 more
IGA improvement
4 to 1
After six weeks; single pediatric case
WI-NRS reduction
5 to 1
After six weeks; single pediatric case
IGA score
0
By eight months; single pediatric case
Treatment duration
21 months
Compassionate-use treatment in one pediatric patient
Primary endpoint
4 of 6 participants (66.7%)
Interim analysis; at least 1-grade IGA improvement after 12 weeks
P-value
p=0.0087
Interim analysis; pre-specified alpha of 0.0215
Study enrollment
20 participants
Recruitment expected to complete by end of 2026
Topline data timing
Q2 2027
Ongoing Phase 2/3 Netherton Syndrome study

Historical Context

1 past event · Latest: Oct 06
1 event
  1. Oct 06

    Paper acceptance

    24h Move
    +3.6%

    Acceptance of the same QRX003 pediatric case-report paper preceded its publication.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

serine protease inhibitor, investigator’s global assessment, worst itch numeric rating scale, pruritus
4 terms
serine protease inhibitor medical
"investigational topical serine protease inhibitor lotion"
A serine protease inhibitor is a drug or molecule that blocks a type of enzyme—called a serine protease—that cuts other proteins as part of normal body processes like blood clotting, digestion, immune response or viral replication. Investors care because these inhibitors can be developed into medicines that alter disease pathways; their success affects a company’s clinical progress, regulatory risk and potential market value much like a key that can lock an important biological ‘scissor’ from doing damage or causing disease.
investigator’s global assessment medical
"Investigator’s Global Assessment (IGA) score improved from 4"
A clinician’s overall rating of a patient’s condition or how well a treatment is working during a clinical trial, usually expressed on a simple scale (for example: clear, mild, moderate, severe). Think of it as a coach giving a single score that sums up a player’s performance rather than listing every statistic. Investors watch this measure because it is often used as an official trial endpoint that can drive regulatory decisions, market expectations, and a drug’s commercial prospects.
worst itch numeric rating scale medical
"Worst Itch Numeric Rating Scale (WI-NRS)"
A single-question patient-reported scale that asks a person to rate the intensity of their worst itch during a specified recall period (commonly the past 24 hours or past 7 days) on a numeric scale, usually 0 to 10 where 0 means "no itch" and 10 means "worst imaginable itch." It provides a simple, quantifiable measure of peak itch severity for use in clinical trials, clinical assessments, and regulatory labeling. Limitations: it is subjective, depends on the recall period and the exact wording given to the patient, and measures peak intensity rather than average or contextual aspects of itch.
pruritus medical
"Complete Elimination of Pruritus (itch)"
Pruritus is the medical term for an unpleasant itch sensation that makes a person want to scratch, ranging from mild irritation to severe, persistent discomfort like an itch you can’t stop rubbing. For investors, it matters because it can be a key symptom or side effect in clinical trials, affect drug labeling and regulatory decisions, drive market demand for treatments, and signal safety or tolerability issues that influence a healthcare product’s commercial prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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– Peer-Reviewed Paper Introducing QRX003 and Its Mechanism of Action in Netherton Syndrome Now Published

– Case Report Details 21 Months of Compassionate Use Treatment in a Pediatric Patient

– Patient’s Skin Improved from Severe to Clear with Complete Elimination of Pruritus (itch)

– After 21 Months of Treatment with QRX003, Patient’s Skin Remains Fully Clear and Pruritus Free

– No Adverse Events have Been Reported for the Patient

– Full Recruitment in Ongoing Phase 2/3 Netherton Syndrome Study Expected to Complete by End of 2026, with Topline Data Expected in Q2 2027

ASHBURN, Va., Oct. 20, 2026 (GLOBE NEWSWIRE) -- Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) (“Quoin” or the “Company”), a late clinical-stage specialty pharmaceutical company focused on rare and orphan diseases, today announced the publication of a peer-reviewed manuscript titled “An Investigational Mechanism-Informed Therapy for Netherton Syndrome: Introduction to QRX003 and a Pediatric Compassionate-Use Case Report” in Dermatology and Therapy. The paper was published online on October 13, 2026, is open access, and is available at: https://doi.org/10.1007/s13555-026-01948-y

The peer-reviewed paper introduces QRX003, the Company’s investigational topical serine protease inhibitor lotion, and describes its mechanism of action in Netherton Syndrome. It also presents a case report from Professor Alan Irvine, consultant dermatologist at Children’s Health Ireland and professor of dermatology at Trinity College Dublin, describing his positive clinical experience treating a pediatric patient with QRX003 under Quoin’s Pediatric Compassionate Use Program.

The case report describes a pediatric patient with genetically confirmed Netherton Syndrome treated with once-daily, whole-body application of QRX003 on a compassionate-use basis, added to the patient’s existing treatment plan. After six weeks, the patient’s Investigator’s Global Assessment (IGA) score improved from 4 (severe) at baseline to 1 (almost clear), and itch, as measured by the Worst Itch Numeric Rating Scale (WI-NRS), was reduced from 5 to 1. By eight months, IGA was 0 (clear) and WI-NRS was 0 (no itch). Over 21 months of treatment, the patient remained mostly at IGA 0, with occasional episodes recorded at IGA 1. During the treatment period, the patient discontinued previously required medications, including antihistamines, glucocorticoids and antivirals, has not required antibiotics since whole-body application began, and is experiencing no sleep disturbances related to Netherton Syndrome. No adverse events considered treatment-related were reported by the family or treating physician. The case represents the first use of QRX003 in a pediatric patient and the longest continuous exposure to QRX003 to date.

The authors note that these single-patient observations are consistent with a possible treatment-associated effect, and that ongoing clinical trials will further evaluate the safety and efficacy of QRX003.

Separately, in August Quoin reported positive interim results from CL-QRX003-004, its ongoing Phase 2/3 study of QRX003 4% lotion in Netherton Syndrome. In the interim analysis of the first six participants to complete 12 weeks of treatment, four of six (66.7%) achieved the primary endpoint of a 1-grade or greater improvement in Investigator Global Assessment (p=0.0087 vs. a pre-specified alpha of 0.0215). Quoin expects to complete recruitment of all 20 participants in CL-QRX003-004 by the end of 2026 and report topline data in the second quarter of 2027.

“Publication of this paper makes the scientific rationale behind QRX003, and Professor Irvine’s clinical experience with it, available to the broader dermatology and Netherton communities. Netherton Syndrome remains unfamiliar to many physicians, and peer-reviewed evidence such as this plays an important role in building awareness of the disease and of new approaches to treating it,” said Dr. Michael Myers, Chief Executive Officer and Co-Founder of Quoin Pharmaceuticals. “We are grateful to the patient and family for allowing this experience to be shared. This case report adds to a growing body of clinical evidence for QRX003, from our pediatric compassionate use program to the positive interim results from our ongoing Phase 2/3 study. We look forward to completing recruitment in that study by the end of this year.”

About Netherton Syndrome
Netherton Syndrome is a rare, serious genetic skin disease caused by mutations in the SPINK5 gene. The condition is characterized by impaired skin barrier function, persistent inflammation, and increased serine protease activity in the skin. There are currently no approved therapies in the United States indicated specifically for Netherton Syndrome.

About QRX003
QRX003 is an investigational topical serine protease inhibitor lotion in late-stage development for Netherton Syndrome and other orphan skin diseases. QRX003 has been granted Orphan Drug, Rare Pediatric Disease, and Fast Track designations by the U.S. Food and Drug Administration, and Orphan Drug Designation in the European Union and Japan. QRX003 lotion (4%) is currently being evaluated in whole-body clinical trials in patients with Netherton Syndrome, including the Phase 2/3 study CL-QRX003-004.

About Quoin Pharmaceuticals Ltd.
Quoin Pharmaceuticals Ltd. is a late clinical-stage specialty pharmaceutical company focused on developing and commercializing therapeutic products that treat rare and orphan diseases. We are committed to addressing unmet medical needs for patients, their families, communities, and care teams. Quoin’s innovative pipeline is focused on two key platform products, QRX003 and QRX009, that collectively have the potential to target a broad number of rare and orphan indications, including Netherton Syndrome, Peeling Skin Syndrome, Palmoplantar Keratoderma, Pachyonychia Congenita, Gorlin Syndrome and Tuberous Sclerosis Complex, Microcystic Lymphatic Malformations, Venous Malformations, Angiofibromas and others. For more information, visit: www.quoinpharma.com or LinkedIn for updates.

Cautionary Note Regarding Forward Looking Statements
The Company cautions that statements in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances, such as “expect,” “intend,” “hope,” “plan,” “potential,” “anticipate,” “look forward,” “believe,” “may,” and “will,” among others. This press release contains forward-looking statements. All statements that reflect the Company’s expectations, assumptions, projections, beliefs, or opinions about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, statements relating to: ongoing clinical trials further evaluating the safety and efficacy of QRX003; the timing of completing participant recruitment and reporting topline data for the Company’s ongoing Phase 2/3 Netherton Syndrome study; publication of the aforementioned paper making the scientific rationale and clinical experience associated with QRX003 available to the broader dermatology and Netherton communities; and the role of peer-reviewed evidence in building awareness of Netherton Syndrome and its treatment; and Quoin’s belief that its products in development collectively have the potential to target a broad number of rare and orphan indications, including Netherton Syndrome, Peeling Skin Syndrome, Palmoplantar Keratoderma, Pachyonychia Congenita, Gorlin Syndrome, Tuberous Sclerosis Complex, microcystic lymphatic malformations, venous malformations, angiofibromas and others.

Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties including, but not limited to, the Company’s ability to pursue its regulatory strategy; the Company’s ability to obtain regulatory approvals for commercialization of product candidates or to comply with ongoing regulatory requirements; the Company’s ability to complete clinical trials on time and achieve desired results and benefits as expected; and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in other filings the Company has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

For further information, contact:

Quoin Pharmaceuticals Ltd.
Dr. Michael Myers, Ph.D., CEO
mmyers@quoinpharma.com

Investor Relations
PCG Advisory
Jeff Ramson
jramson@pcgadvisory.com
(646) 863-6341


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Quoin’s QRX003 pediatric Netherton Syndrome case report show?

The patient’s skin improved from severe to clear, with no itch by eight months. Over 21 months, skin remained mostly clear, with occasional almost-clear assessments. No treatment-related adverse events were reported by the family or treating physician. QRX003 was added to the patient’s existing treatment plan.

When does Quoin expect QRX003 Phase 2/3 topline results?

Quoin expects topline data from CL-QRX003-004 in the second quarter of 2027. The company expects to complete recruitment of all 20 participants by the end of 2026.

How quickly did the pediatric patient improve with Quoin’s QRX003?

After six weeks, the patient’s Investigator’s Global Assessment skin-severity score improved from 4 (severe) to 1 (almost clear). The Worst Itch Numeric Rating Scale score fell from 5 to 1 over the same period.

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