FAQ: Quantum BioPharma's Response to Law Firm Claims and Company Overview
Summary
Quantum BioPharma has formally rejected what it calls vague and unsubstantiated claims by The Schall Law Firm and DJS Law Group regarding alleged securities law violations, stating the announcements appear intended to mislead investors and harm the company's reputation.
What is the main topic of this announcement?
Quantum BioPharma has issued a formal response rejecting what it describes as vague and unsubstantiated claims made by The Schall Law Firm and DJS Law Group regarding alleged securities law violations.
Why is Quantum BioPharma responding to these law firm announcements?
The company states that the announcements lack factual detail or context and appear intended to mislead investors and provoke unwarranted concern, and it believes this is a deliberate attempt to harm its reputation.
What actions is Quantum BioPharma taking regarding these claims?
Quantum BioPharma is reviewing the conduct of both law firms and their principals and will take appropriate action to address what it believes is a deliberate attempt to harm its reputation.
What is Quantum BioPharma’s primary business focus?
Quantum BioPharma is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders.
What is Lucid-MS and what does it treat?
Lucid-MS is Quantum BioPharma’s lead compound, a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models.
What is unbuzzd(TM) and what is Quantum BioPharma’s involvement with it?
Quantum BioPharma invented unbuzzd(TM) and spun out its OTC version to Unbuzzd Wellness Inc., retaining 20.11% ownership and receiving royalty payments of 7% of sales until payments total $250 million, then 3% in perpetuity.
Where can investors find more information about Quantum BioPharma?
The latest news and updates relating to QNTM are available in the company’s newsroom at https://ibn.fm/QNTM, and the full press release can be viewed at https://ibn.fm/TsBbx.
What other business activities does Quantum BioPharma engage in?
Through its wholly owned subsidiary FSD Strategic Investments Inc., Quantum BioPharma maintains a portfolio of strategic investments representing loans secured by residential or commercial property.
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