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VioQuest Pharmaceuticals to Present at the Paramount BioSciences Healthcare ConferenceKeynote Luncheon Address by James Cornelius, CEO of Bristol-Myers Squibb
Basking Ridge, NJ October 19, 2007 – VioQuest Pharmaceuticals (OTCBB: VQPH) today announced that Daniel Greenleaf, President and Chief Executive Officer of VioQuest Pharmaceuticals, will be presenting at the Paramount BioSciences Healthcare Conference on Tuesday, October 23, at 10:45 a.m. EDT at the Waldorf Astoria Hotel in New York City. Mr. Greenleaf will provide a company overview and update on the status of VioQuest’s current clinical development programs.
Those who are interested in attending may visit www.paramountbio.com/hcare2007 to register. Or, contact Ms. Tara Crosson of Paramount BioSciences at tcrosson@paramountbio.com or (212) 554-4351.
About VioQuest Pharmaceuticals
VioQuest focuses on acquiring, developing, and commercializing targeted late preclinical and early clinical stage therapies with unique mechanisms of action primarily for oncology and infectious diseases. VioQuest has three targeted drug candidates in clinical development: VQD-002 which inhibits Akt, a member of the serine/threonine-specific protein kinase family that is amplified, overexpressed, and/or activated in prostate, breast, ovarian, colorectal, pancreatic, and hematologic cancers; Lenocta™, an inhibitor of specific protein tyrosine phosphatases SHP-1, SHP-2, and PTP1B that has demonstrated clinical and biological activity in solid tumors; and Xyfid™, a topical therapy which is being developed for the treatment and prevention of chemotherapy-induced Hand-Foot Syndrome (HFS). VioQuest anticipates commencing Phase II trials for VQD-002, and Xyfid in the first half of 2008. In addition, VioQuest and the U.S. Army are planning to submit a New Drug Application (NDA) to the U. S. Food and Drug Administration (FDA) in 2008 for Lenocta for the treatment of leishmaniasis.
Further information about VioQuest can be found at www.vioquestpharm.com.
This press release contains forward-looking statements that involve risks and uncertainties that could cause VioQuest's actual results and experiences to differ materially from the anticipated results and expectations expressed in these forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as anticipates, expects, plans, believes, intends, and similar words or phrases. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties, which could cause actual outcomes and results to differ materially from these statements. In addition, this press release also includes forward-looking statements regarding the timing, progress and results of the clinical development, regulatory processes, potential clinical trial initiations, potential IND and NDA filings and commercialization efforts of VioQuest's drug development product candidates. These statements are subject to various risks and uncertainties and include the possibility that the results of clinical trials will not support VioQuest's claims, the possibility that VioQuest's development efforts relating to its product candidates, including Lenocta™, VQD-002, and Xyfid™ will not be successful, the inability to obtain regulatory approval of VioQuest's product candidates, VioQuest's reliance on third-party researchers to develop its product candidates, its lack of experience in developing and commercializing pharmaceutical products, and the possibility that its licenses to develop and commercialize its product candidates may be terminated. Additional risks are described in VioQuest's Annual Report on Form 10-KSB for the year ended December 31, 2006. VioQuest assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
Contact information:
Michael Becker
President and Chief Executive Officer
908-766-4400 ext. 115
Michael.becker@vioquestpharm.com
Chris Schnittker
Chief Financial Officer
908-766-4400 ext. 117
Chris.Schnittker@vioquestpharm.com
Lisa Lindberg
908-766-4400 ext. 116
lisa.lindberg@vioquestpharm.com
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