LONDON, UK / ACCESSWIRE / November 16, 2020 / Quantum Genomics continues to sign partnership deals for firibastat in difficult-to-treat/treatment-resistant hypertension, including two in the month of October. One of the agreements is with Qilu Pharmaceutical for the Greater China region, Hong Kong and Macau while the other is with Xediton Pharmaceuticals for Canada. Quantum Genomics announced its first partnership, with Biolab Sanus covering Latin America, in December 2019 and one covering South East Asia, Australia and New Zealand with Orient Europharma (OEP) in September. We expect additional agreements to be announced in the coming months, potentially covering the US and EU markets.
We have slightly adjusted our valuation to €1,030m or €46.34 per share from €1,028m or €47.63 per share. The higher total valuation is due to increased net cash as the short-term debt owed to Negma Group has been repaid in warrants, which were exercised. The lower per share value is due to an increased share count. We have not adjusted the valuation for the licensing deals as the specific upfront payments have not been disclosed. We may increase our probability of success in the future depending on the size and scope of future agreements.
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