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Quantum Biopharma Announces Positive Results of the Clinical Study Report (CSR) for the Phase 1 Multiple Ascending Dose (MAD) Clinical Trial of Experimental Multiple Sclerosis Drug Lucid-21-302 (Lucid-MS)

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Quantum BioPharma (NASDAQ: QNTM) has announced positive results from its Phase 1 Multiple Ascending Dose (MAD) clinical trial for Lucid-MS, their experimental multiple sclerosis drug. The Clinical Study Report (CSR) confirms that Lucid-MS demonstrated safety and tolerability in healthy participants with consecutive daily dosing.

Lucid-MS is a first-in-class, non-immunomodulatory, neuroprotective compound designed to prevent demyelination, a characteristic feature of multiple sclerosis. The successful completion of this trial and CSR marks a crucial milestone, enabling the company to proceed with its Investigational New Drug (IND) application to the FDA and advance toward efficacy trials in MS patients.

Quantum BioPharma (NASDAQ: QNTM) ha annunciato risultati positivi dal suo studio clinico di Fase 1 con dosi multiple ascendenti (MAD) per Lucid-MS, il loro farmaco sperimentale per la sclerosi multipla. Il Rapporto dello Studio Clinico (CSR) conferma che Lucid-MS ha dimostrato sicurezza e tollerabilità nei partecipanti sani con somministrazioni giornaliere consecutive.

Lucid-MS è un composto neuroprotettivo innovativo, non immunomodulatorio, di prima classe progettato per prevenire la demielinizzazione, una caratteristica tipica della sclerosi multipla. Il completamento con successo di questo trial e del CSR rappresenta una tappa fondamentale, permettendo all'azienda di procedere con la domanda di Nuovo Farmaco Sperimentale (IND) alla FDA e avanzare verso studi di efficacia nei pazienti con SM.

Quantum BioPharma (NASDAQ: QNTM) ha anunciado resultados positivos de su ensayo clínico de Fase 1 con dosis múltiples ascendentes (MAD) para Lucid-MS, su medicamento experimental para la esclerosis múltiple. El Informe del Estudio Clínico (CSR) confirma que Lucid-MS demostró seguridad y tolerabilidad en participantes sanos con dosis diarias consecutivas.

Lucid-MS es un compuesto neuroprotector innovador, no inmunomodulador y de primera clase diseñado para prevenir la desmielinización, una característica típica de la esclerosis múltiple. La finalización exitosa de este ensayo y del CSR marca un hito crucial, permitiendo a la compañía avanzar con su solicitud de Nuevo Fármaco en Investigación (IND) ante la FDA y progresar hacia ensayos de eficacia en pacientes con EM.

Quantum BioPharma (NASDAQ: QNTM)ëŠ� 다발ì„� 경화ì¦� 실험 약물ì� Lucid-MSì� 1ìƒ� 다중 ìƒìй 용량(MAD) ìž„ìƒì‹œí—˜ì—서 ê¸ì •ì ì¸ ê²°ê³¼ë¥� 발표했습니다. ìž„ìƒì‹œí—˜ ë³´ê³ ì„�(CSR)ëŠ� Lucid-MSê°€ ê±´ê°•í•� 참가ìžë“¤ì—게 ì—°ì† ì¼ì¼ 투여 ì‹� 안전성과 ë‚´ì•½ì„±ì„ ìž…ì¦í–ˆë‹¤ê³� 확ì¸í–ˆìŠµë‹ˆë‹¤.

Lucid-MSëŠ� 다발ì„� 경화ì¦ì˜ 특징ì� 탈수초를 예방하기 위해 설계ë� 최초ì� 비면역조ì � 신경보호 화합ë¬�입니ë‹�. ì´ë²ˆ 시험ê³� CSRì� 성공ì ì¸ 완료ëŠ� 회사가 FDAì—� 신약 ìž„ìƒì‹œí—˜ 승ì¸(IND) ì‹ ì²­ì� 진행하고 다발ì„� 경화ì¦� 환ìžë¥� 대ìƒìœ¼ë¡� 효능 시험으로 나아ê°� ìˆ� 있는 중요í•� ì´ì •표입니다.

Quantum BioPharma (NASDAQ : QNTM) a annoncé des résultats positifs issus de son essai clinique de phase 1 à doses multiples ascendantes (MAD) pour Lucid-MS, son médicament expérimental contre la sclérose en plaques. Le rapport d'étude clinique (CSR) confirme que Lucid-MS a démontré sa sécurité et sa tolérabilité chez des participants sains lors d'une administration quotidienne consécutive.

Lucid-MS est un composé neuroprotecteur innovant, non immunomodulateur, de première classe conçu pour prévenir la démyélinisation, une caractéristique typique de la sclérose en plaques. La réussite de cet essai et du CSR constitue une étape cruciale, permettant à l'entreprise de déposer sa demande de médicament expérimental (IND) auprès de la FDA et de progresser vers des essais d'efficacité chez les patients atteints de SEP.

Quantum BioPharma (NASDAQ: QNTM) hat positive Ergebnisse aus seiner Phase-1-Studie mit mehrfach ansteigenden Dosen (MAD) für Lucid-MS, ihr experimentelles Medikament gegen Multiple Sklerose, bekannt gegeben. Der Clinical Study Report (CSR) bestätigt, dass Lucid-MS bei gesunden Teilnehmern mit aufeinanderfolgenden täglichen Dosierungen Sicherheit und Verträglichkeit zeigte.

Lucid-MS ist eine erstklassige, nicht-immunmodulatorische, neuroprotektive Verbindung, die entwickelt wurde, um die Demyelinisierung zu verhindern, ein charakteristisches Merkmal der Multiplen Sklerose. Der erfolgreiche Abschluss dieser Studie und des CSR stellt einen entscheidenden Meilenstein dar, der es dem Unternehmen ermöglicht, den Antrag auf ein Investigational New Drug (IND) bei der FDA einzureichen und mit Wirksamkeitsstudien bei MS-Patienten fortzufahren.

Positive
  • Successful completion of Phase 1 MAD trial with positive safety and tolerability results
  • Novel non-immunomodulatory mechanism of action, differentiating from existing MS treatments
  • CSR completion enables advancement to FDA IND application
  • Patented New Chemical Entity (NCE) status provides intellectual property protection
Negative
  • Early-stage development - efficacy in MS patients yet to be demonstrated
  • Additional clinical trials required before potential commercialization
  • No efficacy data available yet as study was conducted in healthy volunteers

Insights

Quantum's MS drug Lucid-MS passed Phase 1 safety trial, clearing path for efficacy studies with novel non-immunomodulatory mechanism.

Quantum BioPharma has achieved a significant milestone with their experimental multiple sclerosis drug Lucid-21-302 (Lucid-MS). The Clinical Study Report (CSR) from their Phase 1 Multiple Ascending Dose trial demonstrated no safety or tolerability concerns in healthy participants following consecutive daily dosing. This successful completion of early-stage safety testing represents a critical step in the drug development pathway.

What distinguishes Lucid-MS in the competitive MS treatment landscape is its novel mechanism of action. Unlike existing MS therapies that primarily target the immune system, Lucid-MS is described as a non-immunomodulatory, neuroprotective compound. The drug specifically aims to prevent demyelination � the degradation of the protective myelin sheath around nerve fibers that characterizes MS. This represents a fundamentally different approach to treating the disease.

The Phase 1 MAD results are particularly meaningful as they form a crucial component of the company's upcoming investigational new drug (IND) application with the FDA. With this safety data secured, Quantum is now preparing to advance to efficacy trials in actual MS patients. For a first-in-class compound with a novel mechanism, clearing the initial safety hurdle without concerns provides validation for the continued development program.

As a patented New Chemical Entity (NCE) with promising preclinical data and now human safety confirmation, Lucid-MS represents a potentially valuable asset in Quantum's neuropharmaceutical portfolio. The drug's progression from discovery through preclinical testing and now successful Phase 1 studies demonstrates the company's ability to advance novel compounds through the critical early stages of development.

TORONTO, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) (�Quantum BioPharma� or the �Company�), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions, today announces through its subsidiary, Huge Biopharma Australia Pty Ltd., that it has received the clinical study report (CSR) for the trial entitled “A Phase 1, Randomised, Double-Blind, Placebo-Controlled, Multiple Ascending Dose Study to Evaluate the Safety and Pharmacokinetics of Lucid-MS in Healthy Adult Participants.� The CSR concludes that there were no safety or tolerability concerns that were identified in healthy participants following treatment with consecutive daily dosing of Lucid-MS.

Lucid-MS is a first-in-class, non-immunomodulatory, neuroprotective compound with a unique mechanism of action for the treatment of multiple sclerosis (MS). It is a patented New Chemical Entity (NCE) that has been shown in preclinical models to prevent demyelination, which is a hallmark of MS and other neurogenerative diseases and is characterized by damage to the myelin sheath surrounding nerve fibers.

“We are thrilled that we now have the CSR for the Phase 1 MAD trial and that Lucid-MS was found to be safe and well-tolerated in healthy participants. The CSR allows us to advance the clinical development of Lucid-MS as it is a critical component of the investigational new drug (IND) application with the FDA,� said Dr. Andrzej Chruscinski, Vice-President of Clinical and Scientific Affairs at Quantum BioPharma.

“Results and observations from the first-in-human studies including this MAD investigation give us the confidence that Lucid-MS is safe and tolerable in healthy volunteers,� said Dr. Lakshmi P. Kotra, Director at Quantum BioPharma and a Professor at University of Toronto, who led the discovery of Lucid-MS. “Quantum team is preparing for the launch of efficacy trials in patients with MS which is very exciting. This compound follows a novel non-immunomodulatory mechanism, and we are very excited to be planning human efficacy trials.�

About Quantum BioPharma Ltd.

Quantum BioPharma (NASDAQ: QNTM) 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 with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. (�Lucid�), Quantum BioPharma is focused on the research and development of its lead compound, Lucid-MS. Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. Quantum BioPharma invented unbuzzd� and spun out its OTC version to a company, Unbuzzd Wellness Inc. (formerly Celly Nutrition Corp.), led by industry veterans. Quantum BioPharma retains ownership of 20.11% (as of March 31, 2025) of Unbuzzd Wellness Inc. The agreement with Unbuzzd Wellness Inc. also includes royalty payments of 7% of sales from unbuzzd� until payments to Quantum BioPharma total $250 million. Once $250 million is reached, the royalty drops to 3% in perpetuity. Quantum BioPharma retains 100% of the rights to develop similar products or alternative formulations specifically for pharmaceutical and medical uses. Quantum BioPharma maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property.

For more information on Quantum BioPharma, please visit .

Forward-Looking Information

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements related to such.

Forward-looking information in this press release are based on certain assumptions and expected future events.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to additional information relating to Quantum BioPharma, including its annual information form, can be located on the SEDAR+ website at www.sedarplus.ca and on the EDGAR section of the United States Securities and Exchange Commission’s website at for a more complete discussion of such risk factors and their potential effects.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward- looking information, except as required by applicable law.

Contacts:

Quantum BioPharma Ltd.
Zeeshan Saeed, Founder, CEO and Executive Co-Chairman of the Board
Email: ÌýÌý
Telephone: (833) 571-1811

Investor Relations
Investor Relations: ÌýÌý
General Inquiries: ÌýÌý 


FAQ

What were the results of Quantum BioPharma's (QNTM) Phase 1 MAD trial for Lucid-MS?

The trial demonstrated that Lucid-MS was safe and well-tolerated in healthy participants with consecutive daily dosing, with no safety or tolerability concerns identified.

How is Quantum BioPharma's Lucid-MS different from other multiple sclerosis treatments?

Lucid-MS is a first-in-class, non-immunomodulatory, neuroprotective compound with a unique mechanism of action that aims to prevent demyelination, distinguishing it from existing MS treatments.

What are the next steps for Quantum BioPharma's (QNTM) Lucid-MS development?

The company is preparing to submit an Investigational New Drug (IND) application to the FDA and plans to launch efficacy trials in patients with multiple sclerosis.

Who led the development of Quantum BioPharma's Lucid-MS?

Dr. Lakshmi P. Kotra, Director at Quantum BioPharma and Professor at University of Toronto, led the discovery of Lucid-MS.

What is the potential impact of Lucid-MS for multiple sclerosis treatment?

As a patented New Chemical Entity with a novel non-immunomodulatory mechanism, Lucid-MS could potentially offer a new approach to preventing demyelination in multiple sclerosis and other neurodegenerative diseases.
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