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 to Begin Preliminary Testing of Quigley Pharma's Formulation for SARS
DOYLESTOWN, PA, September 24, 2003 - The Quigley Corporation (Nasdaq: QGLY)
today announced that their formulation, which was developed by their wholly
owned subsidiary, Quigley Pharma Inc., and has already been shown to reduce the
impact of influenza in both in-vivo and invitro studies is now to be tested
against the SARS virus.
Retroscreen Virology Ltd., under the auspices of Professor John S. Oxford,
conducted the previous studies on Influenza and will now conduct testing of the
formulation for SARS. Professor Oxford is Retroscreen's senior scientist and is
a Professor of Virology at St. Bartholomew's and The Royal London School of
Medicine and Dentistry at the University of London, United Kingdom. He is the
co-author of two standard texts on Influenza and Virology and has published 250
scientific papers throughout the world.
Professor Oxford said, "An independent quality audit of the company's
previously conducted invitro and in-vivo studies of the new Quigley Pharma
formulation confirms that it appears to be effective in killing three virulent
strains of current Influenza `A' and `B' viruses. A paper is currently being
prepared for submission to a peer review journal. The current data shows that
the Quigley Pharma formulation has a direct affect on Influenza virus and that
in-vivo, it was able to modify Influenza disease in the model system used,
including several important parameters, such as fever and clinical symptoms.
Due to the success of these studies, further model studies will be undertaken
to determine the effectiveness of the formulation against SARS and to prevent
passing on or catching the virus including the risk of transfer of viruses and
its subsequent consequences."
Professor Oxford stated, "We have found the Quigley Pharma formulation
to be effective at destroying Influenza A and B, Herpes and other viruses in
laboratory tests. Additionally, using an animal model of influenza, the
formulation was able to reduce the severity of the disease and we also found
that it markedly reduced animals becoming infected. We are now extending this
work to include other respiratory viruses including SARS, to see if the Quigley
Pharma formulation may be suitable as a treatment for both existing and future
respiratory virus infections. This, if successful, would be a major step
forward in the treatment and prevention of respiratory virus infections because
of its broadness."
Retroscreen, the independent contract research virology company, specializes in
developing antiviral compounds and vaccines, and has worked with many
pharmaceutical companies to assist them in developing products that now help to
fight viral diseases worldwide. Additional information is available on the
company's website at www.retroscreen.com.
The Quigley Corporation makes no representation that the US Food and Drug
Administration or any other regulatory agency will grant an IND or take any
other action to allow the QR formulation 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® 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.
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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