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 Intends to File for Permission to Study Its Patent Pending Potential Treatment for Psoriasis and Other Skin Disorders
DOYLESTOWN, PA, September 3, 2003 (BUSINESS WIRE) -- The Quigley Corporation
(Nasdaq: QGLY), www.quigleyco.com, a leading developer and marketer of
diversified health products, today announced that Quigley Pharma, its wholly
owned product development subsidiary, has finished the analysis of a
preliminary study on topical composition QR-337.
The test was designed to investigate the composition's potential for the
improvement of the appearance of the skin. Skin conditions, such as dryness,
redness, flaking, scaling and cracking were observed to improve after topical
treatment with QR-337. The positive preliminary results exceeded those which
could be considered cosmetic and therefore indicate that the use of this new
composition should be studied as a potential treatment for skin disorders.
Continued testing will therefore have to be conducted under an Investigation
New Drug application (IND). The Quigley Corporation is now preparing an IND for
submission to the Food and Drug Administration to obtain permission to study
and develop the formula as a prescription drug.
The Quigley Corporation filed and has pending a United States utility patent
application directed to methods for improving the cosmetic appearance and the
treatment or prevention of a variety of skin disorders, including psoriasis, by
topical application of a proprietary Quigley topical product, code named
QR-337.
Quigley Pharma's Chief Operating Officer, Richard Rosenbloom, MD, Ph.D.,
formulated the all-natural QR-337 topical compound and will guide the ongoing
development and testing. The mission of Quigley Pharma is the development of
naturally derived prescription drugs, cosmeceuticals, and dietary supplements.
The Quigley Corporation makes no representation that the Food and Drug
Administration or any other regulatory agency will grant an IND or take any
other action to allow QR-337 to be studied or marketed. Furthermore, no claim
is made that the potential medicine discussed here is safe, effective, or
approved by the Food and Drug Administration.
About The Quigley Corporation
(Nasdaq: QGLY) is a leading developer and marketer of diversified health
products including the COLD-EEZE(R) family of patented Zinc Gluconate Glycine
(ZIGG(TM)) 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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