Edison Issues Update on Quantum Genomics (ALQGC) - Erie News Now | WICU & WSEE in Erie, PA

Edison Issues Update on Quantum Genomics (ALQGC)

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LONDON, UK / ACCESSWIRE / October 5, 2017 / Quantum Genomics (PARIS: ALQGC) recently announced H117 financial results and gave a business update for the first three quarters of the year. It highlighted the results of its Phase IIa trial for QGC001 in hypertension and the launch of the NEW-HOPE study in 250 hypertensive overweight patients across 25 major hospitals in the United States. The company is expecting to complete its 75-patient Phase II study of QGC001 in heart failure by the end of the year, with data expected in H118.

We have adjusted our valuation of Quantum Genomics from €180m or €20.61 per share to €195m or €17.79 per share. The valuation increase is due to advancing our NPVs and a higher cash balance, while the per share valuation decreased due to a higher share count following the €8.2m private placement in July. We expect to update our valuation with the release of data from the Phase IIa heart failure trial in H118.

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All reports published by Edison are available to download free of charge from its website


About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Maxim Jacobs, +1 646 653 7027

Nathaniel Calloway, +1 646 653 7036


Learn more at www.edisongroup.com and connect with Edison on:

LinkedIn https://www.linkedin.com/company/edison-investment-research

Twitter www.twitter.com/Edison_Inv_Res

YouTube www.youtube.com/edisonitv

SOURCE: Edison

ReleaseID: 477167

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