Q BioMed Inc (NASDAQ:QBIO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Q BioMed Inc. is a biomedical acceleration and development company. It focuses on licensing, acquiring, and providing resources to life sciences and healthcare companies. Q BioMed Inc. is based in New York. “

Shares of Q BioMed (QBIO) opened at 3.95 on Thursday. The firm’s market cap is $41.64 million. The stock’s 50 day moving average price is $4.00 and its 200-day moving average price is $4.24. Q BioMed has a 52-week low of $2.39 and a 52-week high of $12.61.

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Q BioMed Company Profile

Q BioMed, Inc, formerly ISMO Tech Solutions, Inc, is a biomedical acceleration and development company. The Company is focused on licensing, acquiring and providing strategic resources to life sciences and healthcare companies. The Company intends to acquire multiple assets over time and across a spectrum of healthcare related products, companies and sectors.

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