Qualigen Therapeutics Partners With TD2 For Phase 1 Clinical Development Of QN-302 For The Treatment Of Advanced Or Metastatic Solid Tumors
Portfolio Pulse from Happy Mohamed
Qualigen Therapeutics, Inc. (NASDAQ:QLGN) has partnered with Translational Drug Development (TD2) to conduct the Phase 1 clinical development of QN-302, a drug for the treatment of advanced or metastatic solid tumors. The US FDA has cleared QN-302 for the proposed Phase 1 clinical trial. Qualigen secured exclusive worldwide rights to QN-302 in January 2022 from University College London (UCL). The company plans to initiate the first Phase 1 clinical trial site and enroll the first patient later this year.
August 17, 2023 | 12:33 pm
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Qualigen Therapeutics' partnership with TD2 for the Phase 1 clinical development of QN-302 could potentially boost the company's profile in the biotech sector. The FDA clearance for the clinical trial is a positive development.
The partnership with TD2, a recognized organization in oncology drug development, could enhance Qualigen's capabilities in advancing QN-302's clinical development. The FDA clearance for the Phase 1 clinical trial is a significant milestone, indicating regulatory support for the drug's development. This could potentially attract investor interest and positively impact QLGN's stock in the short term.
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