Investornewsbreaks Quantum Biopharma Ltd. (NASDAQ: QNTM) Receives Australian Ethics Approval For Phase 2 Trial Of FSD202 In MCAS Patients

(MENAFN- Investor Brand Network) Quantum BioPharma (NASDAQ: QNTM) has received human ethics review committee (HREC) approval in Australia to begin a Phase 2 clinical trial evaluating FSD202 for treating chronic widespread musculoskeletal nociplastic pain associated with idiopathic Mast Cell Activation Syndrome (MCAS). The randomized, double-blind, placebo-controlled trial will enroll 60 patients and measure pain reduction over 56 days. FSD202, based on ultra-micronized palmitoylethanolamide (PEA), targets inflammation-related conditions and may offer a new therapeutic option for MCAS, a debilitating disorder with no current cure. Executives from Quantum BioPharma emphasized the urgent need for safe alternatives and expressed readiness to advance clinical development.

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About Quantum BioPharma Ltd.

Quantum BioPharma is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. (“ Lucid”), Quantum BioPharma is focused on the research and development of its lead compound, Lucid-MS. Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. Quantum BioPharma invented UNBUZZDTM and spun out its OTC version to a company, Celly Nutrition Corp. (“ Celly Nutrition”), led by industry veterans. Quantum BioPharma retains ownership of 25.71% (as of June 30, 2024) of Celly Nutrition at . The agreement with Celly Nutrition also includes royalty payments of 7% of sales from unbuzzd(TM) until payments to Quantum BioPharma total $250 million. Once $250 million is reached, the royalty drops to 3% in perpetuity. Quantum BioPharma retains 100% of the rights to develop similar products or alternative formulations specifically for pharmaceutical and medical uses. Quantum BioPharma maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property.

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