QNRX ▲ +58.9% - Quoin Pharmaceuticals, Ltd. $QNRX $50M PIPE at $4.88/ADS Quoin Pharmaceuticals shares surged 58.9% after the company announced a $50 million PIPE (private investment in public equity) at $4.88 per ADS. The financing deal signals investor confidence in the company and provides capital for operations, which typically drives stock appreciation on the announcement of a substantial funded commitment. 28-AUG-2026 06:11 AM ET