- Business
- Quantum BioPharma Ltd. (CSE: QNTM), formerly FSD Pharma Inc. (Ticker: HUGE.CN), develops innovative biopharmaceutical solutions targeting neurodegenerative disorders, neuropsychiatric conditions, inflammatory diseases, and alcohol misuse; its core pipeline includes Lucid-MS (Lucid-21-302), a patented new chemical entity that prevents and reverses myelin degradation in preclinical models for multiple sclerosis and other neurodegenerative diseases, with Phase 1 clinical trials for first-in-human safety and tolerability completed in healthy volunteers; unbuzzd, a science-backed functional beverage led by its subsidiary Celly Nutrition Corp. that supports mental alertness, detoxification, and recovery from acute alcohol intoxication through rapid metabolism assistance, backed by institutional review board approvals and partnerships such as with Six+One and option agreements with the University of Southern California for novel dietary supplement technologies; and exploratory formulations for weight loss and liver health. The company maintains a world-class research team including Julia Levy Award recipient Dr. Lakshmi Kotra from the Krembil Brain Institute and University Health Network, with operations focused on drug development in Canada and the US. Founded in 2016 and headquartered at 199 Bay Street, Suite 4000, Toronto, Ontario, M5L 1A9, Canada, with prior offices in Sparks, Maryland, Quantum BioPharma completed a 65:1 share consolidation and name change from FSD Pharma Inc. in August 2024, transitioning trading to the new ticker QNTM on Nasdaq and CSE while retaining a debt-free balance sheet with sufficient working capital for 2025 operations; recent initiatives encompass expanding its pipeline via Celly Nutrition investments, securing contracts for unbuzzd development, and advancing Lucid-MS toward potential first-in-class status in the $23 billion multiple sclerosis market and broader $238 billion mental health sector.