QSAM Biosciences (OTCQB: QSAM), a company developing next-generation therapeutic radiopharmaceuticals, including Samarium-153-DOTMP, or CycloSam(R), for the treatment of bone cancer and related diseases and conditions, is spotlighted in a new opportunity research report released by Goldman Small Cap Research. A stock market research company specializing in the small cap and microcap sectors, Goldman reviewed QSAM’s competitive positioning, developmental timeline and inflection points. “QSAM’s lead product is a clinical-stage bone seeking cancer-killing therapy,” the report stated. “Thus, we believe that QSAM is poised to emerge as a key player in bone cancer treatment via its focus on the novel use of radiopharmaceutical therapy (‘RPT’). RPT has significant advantages over existing therapies, such as chemotherapy. The RPT market is huge and a migration toward its use, along with high value M&A, are on the rise. The market is expected to reach $13.8 billion in 2028. . . . CycloSam recorded strong small and large animal data and provided QSAM compelling data indicating safety in a single patient study performed at the Cleveland Clinic in 2020. QSAM just announced it has completed enrollment in the first participant grouping of its phase 1 study evaluating CycloSam in the treatment of bone cancer. Preliminary data indicates early safety and efficacy results. Phase I will be completed in 2023, with a phase 2A commencing in 1H24, with top-line data available in 2H24. Key milestone achievement could therefore be achieved at a faster pace than typical biotechs.”
To view the full press release, visit https://ibn.fm/o7uQ4
About QSAM Biosciences Inc.
QSAM Biosciences is developing next-generation nuclear medicines for the treatment of cancer and related diseases. QSAM’s initial technology, CycloSam (Samarium-153 DOTMP), is a clinical-stage, bone-targeting radiopharmaceutical developed by IsoTherapeutics Group LLC, pioneers in the nuclear medicine space that also developed the FDA-approved Quadramet(R) (Samarium-153 EDTMP) radiopharmaceutical product. The QSAM team has designed the CycloSam product with the goal of overcoming the limitations of the Quadramet(R) (Samarium-153 EDTMP) product’s FDA-approved indications. QSAM is led by an experienced executive team and board of directors that have completed numerous FDA approvals and multiple successful biotech exits. CycloSam has demonstrated preliminary safety and efficacy in animal studies and a single-patient, FDA-cleared human trial performed in 2020 at the Cleveland Clinic. This nuclear technology uses low specific activity Samarium-153 (resulting in far less undesirable europium impurity) and DOTMP, a chelator that is believed to reduce or eliminate off-target migration and targets sites of high bone turnover, making it, in management’s opinion, an ideal agent to treat primary and secondary bone cancers. Since CycloSam delivers targeted radiation selectively to the skeletal system, it is also believed to be a great potential candidate for future effectiveness in clinical trials in bone marrow ablation as preconditioning for bone marrow transplantation as well as its future clinical trials in procedures to reduce external beam radiation to bone tumors. This multi-patented drug candidate utilizes a radioisotope previously approved by the FDA, combined with a novel targeting chelant, DOTMP, that has demonstrated preliminary increased efficacy and decreased side effects in animal models and veterinary treatment of bone cancer in dogs. Further, CycloSam utilizes a streamlined, just-in-time manufacturing process that is already in place. Given these factors, management believes there is a strong pathway to commercialization for CycloSam. For more information about the company, please visit www.QSAMBio.com
NOTE TO INVESTORS: The latest news and updates relating to QSAM are available in the company’s newsroom at http://ibn.fm/QSAM
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