DOYLESTOWN, Pa., Nov. 12 /PRNewswire-FirstCall/ -- Quigley Pharma Inc., a wholly-owned subsidiary of The Quigley Corporation (Nasdaq: QGLY) announced today that the last subject in the Phase IIb Study is scheduled to complete treatment on November 25, 2008. This will effectively move the study to the final stage of data collection, evaluation and study conclusions. The Company, after collecting all the patient information from 21 Study centers and conferring with its panel of experts on the data, will draft and report study conclusions, as soon they are available.
The Phase IIb study is designed to evaluate the safety and efficacy of QR-333, a unique topical formulation designed to offer physicians and patients an effective, easy to administer, safe treatment for diabetic peripheral neuropathy with little to no side effects. To date there is no fully effective treatment for diabetic neuropathy. Current treatment options are limited to products such as NSAIDs, analgesics, anticonvulsants, antidepressants, etc., which are often not well tolerated by patients.
The Company believes that a safe and efficacious topical product, if approved by the FDA, could be a "first line" treatment for diabetic peripheral neuropathy and possibly could develop a significant market position in a growing therapeutic category currently dominated by systemic therapies.
Currently in the United States, there are approximately 20,000,000
people with diabetes. Of this population, nearly one half has or will
develop symptoms of peripheral neuropathy. Diabetic neuropathy is among the
most common complications of diabetes, resulting in pain and numbness,
which affects the patient's sleep, functioning and well being. The pain is
often accompanied by
|SOURCE Quigley Pharma Inc.|
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