-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ap2X2n6JoAsVz9xxYNYGnqcC1Fo3waBmbhRVO2H9RDOZYn9ZpkbwpHUOl4ujoYX7 WDZ/wl8xilMUuFu7qS5vzw== 0001144204-09-063101.txt : 20091204 0001144204-09-063101.hdr.sgml : 20091204 20091204081858 ACCESSION NUMBER: 0001144204-09-063101 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20091203 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091204 DATE AS OF CHANGE: 20091204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUIGLEY CORP CENTRAL INDEX KEY: 0000868278 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 232577138 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21617 FILM NUMBER: 091222037 BUSINESS ADDRESS: STREET 1: KELLS BUILDING STREET 2: 621 SHADY RETREAT RD CITY: DOYLESTOWN STATE: PA ZIP: 18901 BUSINESS PHONE: 2153450919 MAIL ADDRESS: STREET 1: PO BOX 1349 STREET 2: LANDMARK BLDG, 10 S CLINTON ST CITY: DOYLESTOWN STATE: PA ZIP: 18901 8-K 1 v168253_8k.htm Unassociated Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________

FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

______________________


Date of Report (Date of earliest event reported):  December 3, 2009

THE QUIGLEY CORPORATION
(Exact name of registrant as specified in its charter)


 
Nevada
(State or other
jurisdiction of incorporation)
0-21617
(Commission
File Number)
23-2577138
(I.R.S. Employer
Identification No.)
         
Kells Building,
621 Shady Retreat Road, P.O. Box 1349
Doylestown, PA
 
18901
    
(Address of principal executive offices)
(Zip Code)
    

Registrant's telephone number, including area code: (215) 345-0919



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  

 
Item 8.01 Other Events.

On December 3, 2009, The Quigley Corporation (the “Company’) issued a press release announcing Phase One of its 2010 Strategic Plan in which Ted Karkus, Chairman and Chief Executive Officer, reported that the Company’s primary focus will be on leveraging its OTC platform and that the Company is aggressively seeking product acquisitions and line extensions to leverage its distribution network.
 
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
     
No.
  
Description
     
99.1
  
Press Release dated December 3, 2009


           Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  The Quigley Corporation  
       
 
By:
/s/ Robert V. Cuddihy, Jr.  
    Robert V. Cuddihy, Jr.  
    Chief Operating Officer  
       
 


Date:                      December 4, 2009




EXHIBIT INDEX
     
No.
  
Description
     
99.1
  
Press Release dated December 3, 2009

 
 EX-99.1 2 v168253_ex99-1.htm Unassociated Document
EXHIBIT 99.1

FOR IMMEDIATE RELEASE      

CONTACT:                                    
    
Carl Hymans
Ted Karkus
      
Chairman of the Board, CEO
    
(212) 725-4500 ext. 304
(215) 345-0919 ext. 114
    
carlh@schwartz.com


Quigley CEO, Ted Karkus, Announces Phase One of 2010 Strategic Plan
 
Karkus reports that the primary focus will be on leveraging its OTC platform
 
Company aggressively seeking product acquisitions and line extensions which leverage its distribution network, says Karkus
 
 
DOYLESTOWN, PA. – December 3, 2009 – Ted Karkus, Chairman and CEO of The Quigley Corporation, (NASDAQ: QGLY) www.quigleyco.com announced today that the Company has completed its evaluation of its opportunities to develop prescription pharmaceutical and OTC products and has concluded that it is in its best interests to focus primarily on the OTC/Personal Care marketplace, which may include but are not limited to its Cold-EEZE(R)  and Kids-EEZE(R)  brands, as well as other homeopathic, dietary supplement, cosmetic, cosmeceutical, first aid, functional food and beverage products.   Mr. Karkus, the Company’s Board of Directors, the Company’s executive team, and an outside consultant have concluded that the costs and risks associated with continuing to develop a line of prescription pharmaceutical products are not warranted.
 
Mr. Karkus stated, “The Company has determined that further material investment in the Pharma subsidiary’s existing products under development would be curtailed in light of its view concerning market opportunities, regulatory pathways, the need for further robust and consistent preclinical and clinical testing and continued requirements in the areas of commercial formulation and development.”
 
However, the Company has identified certain Pharma subsidiary products that it feels may warrant further reasonable investment in order to determine whether they present significant commercial opportunities.  The products it will continue to investigate include QR333 (potential topical symptomatic relief of diabetic peripheral neuropathy); QR440 (potential relief of inflammation and joint pain); and QR448 (potential anti-infective against infectious bronchitis in poultry).
 
 
 
 
 
 
Mr. Karkus has announced that future investment of Company resources in the Quigley Pharma Division will be significantly reduced in favor of continued development and building of the Cold-EEZE(R) brand and a broader consumer product platform. “We are particularly interested in leveraging our distribution network in mass, pharmacy and grocery retail by acquiring or developing additional personal care and OTC products. Focusing on products that can quickly be brought to market and do not require years of research and development should significantly reduce product development costs and lead time, while at the same time yielding increased revenues and profits”, said Mr. Karkus.  He added “We are aggressively searching for product acquisitions and researching line extensions of our Cold-EEZE(R) and Kids-EEZE(R) brands to accomplish these goals, diversify our product offerings and to set the stage for future growth of our Company.”
 
About The Quigley Corporation
 
The Quigley Corporation (Nasdaq: QGLY) (http://www.Quigleyco.com) is a diversified natural health medical science company. Its Cold Remedy segment is a leading marketer and manufacturer of the Cold-EEZE(R) family of lozenges and sugar free tablets clinically proven to significantly reduce the severity and duration of the common cold. Cold-EEZE(R) customers include leading national wholesalers and distributors, as well as independent and chain food, drug and mass merchandise stores and pharmacies. The Quigley Corporation has several wholly owned subsidiaries including Quigley Manufacturing Inc., which consists of an FDA approved facility to manufacture Cold-EEZE(R) lozenges and fulfill other contract manufacturing opportunities, and Quigley Pharma, Inc., (http://www.QuigleyPharma.com), which conducts research in order to develop and commercialize a pipeline of patented botanical and naturally derived potential prescription drugs.

Forward-Looking Statements
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 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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