NEW YORK, September 19, 2017 /PRNewswire/ --
Q BioMed Inc. (OTCQB: QBIO), a biotechnology acceleration company, announced today a partnership with Sphaera Pharma to
develop a new and proprietary analog of QBM-001 for pediatric developmental nonverbal disorder.
"The goal of our collaboration with Sphaera Pharma is to put the patient first, especially since QBM-001 targets a rare subset
of toddlers that become non- or minimally verbal for the rest of their lives," said Denis Corin,
CEO of Q BioMed.
Sphaera Pharma will employ its proprietary and patented platform to produce a novel analog that aims to reduce or eliminate
potential side effects and can reduce the amount of product a toddler needs to take on a daily basis.
"Sphaera Pharma's platform has had great success by providing improved safety and efficacy profile for drugs being developed
by biopharma companies," said Dr. Sundeep Dugar, CEO of Sphaera Pharma. "Being able to employ our
technology to ensure a safer product that could allow these toddlers to speak is inspiring to our whole team."
Preclinical testing of the new analog is currently underway and a final product is scheduled to be ready by the middle of
October, putting Q BioMed on a path to file an IND towards the end of 2017 or the beginning of 2018.
The proprietary analog will also allow Q BioMed to apply for a global composition of matter patent for QBM-001, while still
ensuring Q BioMed can pursue the 505(b)2 regulatory pathway in the US to ensure toddlers can possibly benefit from QBM-001 as
soon as possible.
Q BioMed acquired a license to QBM-001 from ASDERA LLC in April of 2017.
About Pediatric Development Nonverbal Disorder
There are approximately 20,000 new cases of pediatric developmental nonverbal disorder in the USA each year and a similar amount in Europe. The majority of the children
are diagnosed as toddlers and fall within the autism and epilepsy spectrum disorders. Individually, the economic costs for
toddlers that become non- or minimally verbal is ten million on average per person over their life. Collectively, an estimated
200 billion dollars is spent yearly on individuals who have become nonverbal in the USA. If QBM-001 is effective, not all individuals who become nonverbal will benefit from QBM-001, but we
believe that testing from a trained specialists and blood tests, coupled with genetic testing can identify a targeted population
that will have a higher likelihood of responding to our treatment.
About Sphaera Pharma:
Sphaera Pharma is an integrated drug discovery and development organization led by pharma and biotech professionals. With its
global presence in India, Singapore and the US, Sphaera aims to
bridge innovation, resources and expertise in a collaborative model to develop novel therapies.
About Q BioMed Inc.
Q BioMed Inc. ("Q") is a biomedical acceleration and development company. We are focused on licensing and acquiring
undervalued biomedical assets in the healthcare sector. Q is dedicated to providing these target assets strategic resources,
developmental support, and expansion capital to ensure they meet their developmental potential, so that successful drug
candidates may reach patients in need.
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating
to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect
our business, operating results, financial condition and stock price. Factors that could cause actual results to differ
materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of research
and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and
relationships; uncertainties relating to preclinical and clinical testing; our dependence on third-party suppliers; our ability
to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial
additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described
in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or
circumstances on which any such statement is based, except as required by law.
Contact:
Denis Corin
CEO
Q BioMed Inc.
+1-888-357-2435
SOURCE Q BioMed Inc.