Qualigen Therapeutics to Present at BIO International Convention
June 14 2022 - 9:00AM
Qualigen Therapeutics, Inc. (Nasdaq: QLGN), a diversified life
sciences company focused on developing treatments for adult and
pediatric cancers with potential for Orphan Drug Designation, while
also commercializing diagnostics, today announces that Qualigen
Therapeutics will present a corporate overview at the BIO
International Convention to be held on June 13 – 16, 2022 at the
San Diego Convention Center.
The Company will provide an overview of tits
oncology drug pipeline and its diagnostics business.
Presentation Details:
- Wednesday, June 15, 2:30 PM PT
- San Diego Convention Center, Theater 3
located on the exhibition floor near the Business Forum
- Presenter – Tariq Arshad MD, MBA, Chief
Medical Officer, Qualigen Therapeutics
Michael Poirier, Qualigen's Chairman and Chief
Executive Officer, commented, “BIO’s International Convention is
one of the industry’s premier partnering conferences. We see this
presentation as an important opportunity to continue to establish
our presence in the therapeutics arena, in particular, and are
honored by the opportunity to present our story in this forum.”
About Qualigen
Therapeutics, Inc.
Qualigen Therapeutics, Inc. is a diversified
life sciences company focused on developing treatments for adult
and pediatric cancer, as well as maintaining and expanding its core
FDA-cleared FastPack® System, which has been used successfully in
diagnostics for over 20 years. Our investigational QN-302 compound
is a small molecule selective transcription inhibitor with strong
binding affinity to G4s prevalent in cancer cells; such binding
could, by stabilizing the G4s against “unwinding,” help inhibit
cancer cell proliferation. Our investigational QN-247 compound
inhibits nucleolin, a key multi-functional regulatory protein that
is overexpressed in cancer cells; QN-247 may thereby be able to
inhibit the cells’ proliferation. QN-247 has shown promise in
preclinical studies for the treatment of acute myeloid leukemia
(AML). The investigational compounds within Qualigen’s RAS-F family
of RAS oncogene protein-protein interaction inhibitor small
molecules are believed to inhibit or block the binding of mutated
RAS genes’ proteins to their effector proteins, thereby leaving the
proteins from the mutated RAS unable to cause further harm. In
theory, such mechanism of action may be effective in the treatment
of about one quarter of all cancers, including certain forms of
pancreatic, colorectal, and lung cancers. In addition to its
oncology drug pipeline, Qualigen has an established diagnostics
business which manufactures and distributes proprietary and highly
accurate rapid blood testing systems to physician offices and small
hospitals for the management of prostate cancer and other diseases
and health conditions.
For more information about Qualigen
Therapeutics, Inc., please visit www.qualigeninc.com.
Forward-Looking Statements
This news release contains forward-looking
statements by Qualigen that involve risks and uncertainties and
reflect the Company's judgment as of the date of this release.
These statements include those related to the Company’s prospects
and strategy for its diagnostics business and development of its
therapeutic drug candidates. Actual events or results may differ
from the Company's expectations. For example, there can be no
assurance that the Company will be able to maintain its diagnostic
sales and marketing engine without interruption following the
expiration of the distribution agreement with Sekisui Diagnostics,
compete with others in this industry or expand market demand and/or
market share for its diagnostics product, nor can there be any
assurance that the Company will be able to successfully develop any
drugs (including QN-302, QN-247 and RAS-F); that preclinical
development of the Company's drugs (including QN-302, QN-247 and
RAS-F, and the deprioritized infectious-disease drug candidate
QN-165) will be completed on any projected timeline or will be
successful; that any clinical trials will be approved to begin by
or will proceed as contemplated by any projected timeline, or at
all; that any future clinical trial data will be favorable or that
such trials will confirm any improvements over other products or
lack negative impacts; that any drugs will receive required
regulatory approvals (or Fast Track designation or Orphan Drug
status) or that they will be commercially successful; that patents
will issue on the Company's owned and in-licensed patent
applications; that such patents, if any, and the Company's
currently owned and in-licensed patents would prevent competition;
or that the Company will be able to procure or earn sufficient
working capital to complete the development, testing and launch of
the Company's prospective therapeutic products (including QN-302,
QN-247 and RAS-F, and QN-165). The Company's stock price could be
harmed if any of the events or trends contemplated by the
forward-looking statements fails to occur or is delayed or if any
actual future event otherwise differs from expectations. Additional
information concerning these and other risk factors affecting the
Company's business can be found in the Company's prior filings with
the Securities and Exchange Commission, including its most recent
Form 10-K, all of which are available at www.sec.gov.
The Company disclaims any intent or obligation
to update these forward-looking statements beyond the date of this
news release, except as required by law. This caution is made under
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.
Contact:
Jules AbrahamJQA Partners,
Inc.917-885-7378jabraham@jqapartners.com
Source: Qualigen Therapeutics, Inc.
- Qualigen Therapeutics, Inc.
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