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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