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Quantum BioPharma Signs Agreement to Manufacture Oral Drug Formulation of its Potential Breakthrough Drug Lucid-21-302 (Lucid-MS) for Use in its Upcoming Phase 2 Multiple Sclerosis Trial

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Quantum BioPharma (NASDAQ: QNTM) has signed an agreement with a leading CDMO to manufacture an oral formulation of Lucid-MS (Lucid-21-302) for its upcoming Phase 2 clinical trial in multiple sclerosis treatment.

Lucid-MS is a first-in-class, non-immunomodulatory, neuroprotective compound designed to prevent demyelination, a characteristic feature of MS. The drug has shown promising results in animal models over the past decade, demonstrating potential in helping subjects regain walking ability. The oral formulation development represents a crucial step as the company prepares its Investigational New Drug (IND) application with the FDA.

Quantum BioPharma (NASDAQ: QNTM) ha firmato un accordo con una CDMO di primo piano per produrre una formulazione orale di Lucid-MS (Lucid-21-302) in vista del prossimo trial di Fase 2 nel trattamento della sclerosi multipla.

Lucid-MS è un composto first-in-class, non immunomodulatorio e neuroprotettivo progettato per prevenire la demielinizzazione, caratteristica della SM. Il farmaco ha mostrato risultati promettenti in modelli animali nell'ultimo decennio, evidenziando il potenziale per favorire il recupero della deambulazione. Lo sviluppo della formulazione orale rappresenta un passo cruciale mentre la società prepara la domanda IND (Investigational New Drug) alla FDA.

Quantum BioPharma (NASDAQ: QNTM) ha firmado un acuerdo con un CDMO líder para fabricar una formulación oral de Lucid-MS (Lucid-21-302) para su próximo ensayo de Fase 2 en el tratamiento de la esclerosis múltiple.

Lucid-MS es un compuesto first-in-class, no inmunomodulador y neuroprotector diseñado para prevenir la desmielinización, rasgo característico de la EM. El medicamento ha mostrado resultados prometedores en modelos animales durante la última década, demostrando potencial para ayudar a los sujetos a recuperar la capacidad de caminar. El desarrollo de la formulación oral es un paso crucial mientras la compañía prepara su solicitud IND (Investigational New Drug) ante la FDA.

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Quantum BioPharma (NASDAQ: QNTM) a signé un accord avec un CDMO de premier plan pour fabriquer une formulation orale de Lucid-MS (Lucid-21-302) en vue de son essai clinique de phase 2 à venir pour le traitement de la sclérose en plaques.

Lucid-MS est un composé first-in-class, non immunomodulateur et neuroprotecteur conçu pour prévenir la démyélinisation, caractéristique de la SEP. Le médicament a montré des résultats prometteurs chez l'animal au cours de la dernière décennie, démontrant un potentiel pour aider les sujets à retrouver la capacité de marcher. Le développement de la formulation orale représente une étape cruciale alors que la société prépare sa demande IND (Investigational New Drug) auprès de la FDA.

Quantum BioPharma (NASDAQ: QNTM) hat eine Vereinbarung mit einem führenden CDMO geschlossen, um eine orale Formulierung von Lucid-MS (Lucid-21-302) für die bevorstehende Phase-2-Studie zur Behandlung der Multiplen Sklerose herzustellen.

Lucid-MS ist eine first-in-class, nicht immunmodulierende, neuroprotektive Verbindung, die entwickelt wurde, um die Demyelinisierung � ein charakteristisches Merkmal der MS � zu verhindern. Das Präparat zeigte in Tiermodellen im letzten Jahrzehnt vielversprechende Ergebnisse und hat Potenzial, Patienten beim Wiedererlangen der Gehfähigkeit zu unterstützen. Die Entwicklung der oralen Formulierung ist ein entscheidender Schritt, während das Unternehmen seine Investigational New Drug (IND)-Anmeldung bei der FDA vorbereitet.

Positive
  • Advancement to Phase 2 clinical trials indicates promising development progress
  • Successful preclinical results showing mobility improvement in animal models
  • Partnership with leading CDMO strengthens manufacturing capabilities
  • Novel drug mechanism targeting an unmet medical need in MS treatment
Negative
  • No human efficacy data available yet
  • Success in animal models doesn't guarantee human trial success
  • Timeline for FDA approval and commercialization remains uncertain

Insights

Quantum advances MS drug Lucid-MS to Phase 2 with oral formulation, showing promising preclinical results in remyelination.

Quantum BioPharma's announcement represents a significant developmental milestone for Lucid-MS (Lucid-21-302), their potential breakthrough treatment for multiple sclerosis. The company has secured manufacturing capabilities for an oral formulation of the drug, marking a critical step toward their upcoming Phase 2 clinical trial.

What's scientifically noteworthy is that Lucid-MS employs a novel mechanism of action distinct from existing MS therapies. While most approved MS treatments are immunomodulatory (targeting the immune system's attack on myelin), Lucid-MS is described as non-immunomodulatory and neuroprotective, specifically targeting the demyelination process itself. This approach could potentially address a fundamental aspect of MS pathology rather than just managing immune response.

The preclinical results deserve particular attention � the company reports that animal models demonstrated restoration of walking ability over the past decade of testing. If these results translate to humans, this could represent a paradigm shift in MS treatment from merely slowing progression to actually reversing disability.

The progression to Phase 2 trials, bypassing extensive Phase 1 safety studies (which aren't mentioned in the release), suggests the company may be leveraging existing safety data or regulatory pathways. The fact that they're preparing an IND application with the FDA indicates they're still in the pre-approval process for clinical testing in the US.

As a New Chemical Entity (NCE) with patent protection, Lucid-MS would have market exclusivity if approved, potentially offering Quantum significant commercial advantages if clinical trials prove successful.

TORONTO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) (Upstream: QNTM) (â€�Quantum BioPharmaâ€� or the â€�Companyâ€�), a biopharmaceutical company dedicated to innovative therapies for neurodegenerative disorders, today announces through its subsidiary, Huge Biopharma Australia Pty Ltd., that it has signed an agreement with a leading contract development and manufacturing organization (CDMO) to manufacture an oral drug formulation of Lucid-MS. The oral formulation of Lucid-MS will serve as the drug product for the Company’s Phase 2 clinical trial, which will test the efficacy on humans of Lucid-MS as a possible treatment for people to gain back mobility lost with multiple sclerosis (MS). To date numerous animal models over the past decade showed Lucid-MS helped those animals regain their ability to walk. Videos can be seen atÌý.

Lucid-MS is a first-in-class, non-immunomodulatory, neuroprotective compound with a unique mechanism of action for the treatment of 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 pleased to announce that we have signed this agreement with a leading CDMO to develop and manufacture an oral formulation of Lucid-MS. This marks an important step in the clinical development of Lucid-MS as we prepare the Investigational New Drug (IND) application with the FDA and prepare for our upcoming Phase 2 trial of Lucid-21-302 in MS,� said Dr. Andrzej Chruscinski, Vice-President, Scientific and Clinical Affairs at Quantum Biopharma.

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

This press release contains certain “forward-looking statementsâ€� within the meaning of applicable Canadian securities law. Forward-looking statements are frequently characterized by words such as “plan,â€� “continue,â€� “expect,â€� “project,â€� “intend,â€� “believe,â€� “anticipate,â€� “estimate,â€� “may,â€� “will,â€� “potential,â€� “proposedâ€� and other similar words, or statements that certain events or conditions “mayâ€� or “willâ€� occur. Forward-looking statements include the Company’s belief that its investment in GameStop represents a strategic opportunity and its expectation of a potential increase in GameStop’s stock price.ÌýThese statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors, including the risk that the GameStop stock price may not increase as anticipated, that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

The reader is urged to refer to additional information relating to Quantum BioPharma, including its annual information form, which can be located on the SEDAR+ website at and on the EDGAR section of the United States Securities and Exchange Commission’s website at Ìýfor a more complete discussion of such risk factors and their potential effects.

Contacts:

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

Investor Relations
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FAQ

What is the purpose of Quantum BioPharma's Lucid-MS drug?

Lucid-MS is a first-in-class neuroprotective compound designed to prevent demyelination in multiple sclerosis patients, potentially helping them regain lost mobility.

What stage of development is QNTM's Lucid-MS currently in?

Quantum BioPharma is preparing for Phase 2 clinical trials and developing an oral formulation of Lucid-MS, while also preparing an IND application with the FDA.

What results has Lucid-MS shown in preclinical studies?

In animal models over the past decade, Lucid-MS has demonstrated the ability to help subjects regain walking ability and prevent demyelination.

How will Quantum BioPharma manufacture Lucid-MS for its Phase 2 trial?

The company has partnered with a leading contract development and manufacturing organization (CDMO) to manufacture an oral formulation of Lucid-MS for the Phase 2 trial.

What makes Lucid-MS different from other MS treatments?

Lucid-MS is a non-immunomodulatory, neuroprotective compound with a unique mechanism of action, representing a new approach to MS treatment through preventing demyelination.
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