Contact:
| John G. Nesbett/David K. Waldman |
The Quigley Corporation |
| Lippert Heilshorn & Associates |
Carl Fonash |
| (212) 838-3777 |
Shareholder Relations |
| dwaldman@lhai.com |
(267) 880-1111 |
The Quigley Corporation Receives US Patents for its New Formulation Being Tested to Relieve Sialorrhea
The Second & Third in a Series of Potential Drug Patents
Granted to The Quigley Corporation
DOYLESTOWN, PA, - July 29, 2003 - The Quigley Corporation (Nasdaq: QGLY),
www.quigleyco.com, a leading developer and marketer of diversified health
products, today announced that it has received two patents for its compound
QR-334, a new formulation currently being tested in clinical trials to relieve
Sialorrhea, excess secretions of the salivary glands. The U.S. Patent, No.
6,592,896 is entitled "Medicinal Composition and Method of Using It"
and extends through August 6, 2021 and the U.S. Patent, No. 6,596,313 is
entitled "Nutritional Supplement and Method of Using It" and extends
through April 15, 2022.
Sialorrhea is a condition that affects patients suffering from diseases
including Amyotrophic Lateral Sclerosis (ALS), otherwise known as Lou Gehrig's
Disease, Cerebral Palsy, Parkinson's Disease, and Muscular Dystrophy among
others. Although there is no published data summarizing all the patients
suffering from this condition, Sialorrhea may affect several million patients
annually suffering from these diverse diseases.
"The issuance of these patents for QR-334 is a significant milestone and
will help protect the tremendous research, hard work, and investment that went
into developing this product," said Guy Quigley, President and CEO of The
Quigley Corporation. "Currently there is no completely safe therapy
documented to resolve Sialorrhea satisfactorily in all patients without
significant side effects."
The Principal Investigator for QR-334's clinical trial is Dr. Stanley H. Appel,
Professor and Chairman of the Department of Neurology at the Baylor College of
Medicine, Texas Medical Center, in Houston. This trial is a multi center U.S.
study that includes approximately 100 patients at clinical sites at Baylor
College of Medicine, Houston, Texas, the University of Medicine and Dentistry
of New Jersey - Robert Wood Johnson Medical School (UMDNJ-RWJ) and other
private clinical research centers in Philadelphia, Louisville, Tampa and
LaJolla, California.
QR-334 is the second in a series of potential drug targets for The Quigley
Corporation through its wholly- owned subsidiary, Quigley Pharma. In addition
to QR-334, Quigley has received a patent for QR-333, a topical compound being
tested for the pain associated with diabetic peripheral neuropathy. A recent
Phase II proof of concept study for its QR-333 formula concluded that subjects
taking QR-333 had 67% of their symptoms improve, strongly suggesting efficacy.
The Company is also developing compounds to potentially treat radiation
dermatitis, influenza A and B, herpes and psoriasis/eczema.
No claims are made that the compounds discussed herein are safe, effective, or
approved by the federal Food and Drug Administration (FDA).
About The Quigley Corporation
(Nasdaq: QGLY) is a leading developer and marketer of diversified health
products including the COLD- EEZEŽ family of patented Zinc Gluconate Glycine
(ZIGGTM) lozenges, gums and sugar free tablets. In addition to Over-The-Counter
(OTC) products, the Company has formed Quigley Pharma Inc.
(http://www.QuigleyPharma.com), a wholly owned ethical pharmaceutical
subsidiary, to introduce a line of patented prescription drugs. The Quigley
Corporation's customers include leading national wholesalers and distributors,
as well as independent and chain food, drug and mass merchandise stores and
pharmacies. Additional information about The Quigley Corporation is available
on its Web site at www.quigleyco.com.
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995 and involve known and unknown risk, uncertainties and other factors
that may cause the Company's actual results, performance or achievements to be
materially different from the results, performance or achievements expressed or
implied by the forward-looking statement. Factors that impact such
forward-looking statements include, among others, changes in worldwide general
economic conditions, changes in interest rates, government regulations, and
worldwide competition.
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