"I am pleased to join this exceptional team at a time when Phase 3 clinical trials are well advanced and we are preparing for the commercialisation of MoxDuo IR (TM) within the next two years," said Dr. Soriano. "QRxPharma is a dynamic specialty pharmaceutical company with a strong pipeline, a very innovative intellectual property and the potential for a tremendous global franchise in pain management and CNS drug development. I am excited to have the opportunity to work with the QRxPharma team to accelerate business development and extend the global reach of the Company."

The Company's Dual Opioid (TM) products target moderate to severe pain, a $7 billion US prescription market. The goal is to provide a greater therapeutic index (fewer dose-limiting side effects) and a more broad selection of analgesic options to pain specialists. QRxPharma is on track to launch its first dual opioid product, MoxDuo IR (TM) (Q8003IR), in 2011. QRxPharma remains open and committed to finding the best possible business relationships to expand the US and overseas markets, accelerate revenues, and maximise the value of its product portfolio while providing significant financial return to its shareholders. QRxPharma will initially focus operations in North America and seeks strategic partners for Europe, Australia and Asia.

Jon Merriman, CEO of Merriman Curhan Ford - the investment bank that serves as QRxPharma's Principal American Liaison on the International OTCQX - commented: "We believe Dr. Soriano is a very strong addition to QRxPharma's senior management team. Our OTCQX Advisory Group looks forward to introducing him to U.S. institutional investors interested in QRxPharma's story."

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