Operating Expenses1Q24 operating expenses were higher than expected, leading to an increase in the operating expense estimates for 2024 and 2025.
Price TargetAnalysts have reduced the 12-month price target for Quoin from $15 to $4 due to updated estimates, timelines, and potential dilution from capital raises.
Product LaunchLaunch estimates for QRX003 in Netherton Syndrome have been conservatively pushed back to 2026, affecting the stock price target.