(NEW YORK)–Ludlow Research issued research alert to its subscribers on Q BioMed Inc. (OTCQB: QBIO), a biotech acceleration and commercial stage company focused on licensing and acquiring undervalued biomedical assets in the healthcare sector, with $0.10+ price target based on current market cap valuation, and potential for its Liver cancer drug patent.
On Feb. 10, 2023, the company announced it expected to receive a patent in the United States for its Liver cancer drug Uttroside B, adding to the already issued patents in Korea, Canada and Japan.
Uttroside B has received Orphan Drug designation from the FDA, with recent results from pre-clinical pharmacokinetic testing have been very encouraging and the data supports advancing the program.
The pending Patent is titled "Uttroside-B and Derivatives Thereof as Therapeutics for Hepatocellular Carcinoma (HCC).
As of Feb. 13, 2023, QBIO had roughly 122 million shares outstanding giving it a current market cap valuation of just $2 million at $0.016 per share.
Based on the potential value for Uttroside B, a price of $0.10 per share in QBIO would still only equate to a market valuation of $12 million, based on its current share structure.
For these reasons, Ludlow Research issued short-term 'speculative' target range of .10 to .15 per share, which could still be very conservative in our opinion.
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About Q BioMed Inc.
Q BioMed Inc. is a biotech acceleration and commercial stage company focused on licensing and acquiring undervalued biomedical assets in the healthcare sector. Q BioMed provides these target assets the strategic resources, developmental support, and expansion capital needed to ensure they meet their developmental potential, enabling them to provide products to patients in need. http://www.QBioMed.com
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