MediQuest Therapeutics is reporting positive results from a Phase III trial of MQX-503, a topical therapy for Raynaud's Disease. Raynaud's--a stinging constriction of blood flow to hands, feet and other extremities that affects mostly women--has an estimated market potential of more than $300 million. Patients taking MQX-503 showed significant improvements in their condition.
"With the conclusion of this clinical study, MediQuest is one step closer to submitting the MQX-503 New Drug Application to the FDA," said Dr. Frederick Dechow, MediQuest president and CEO. "Our proprietary drug delivery technology provides a unique platform to deliver active therapeutic agents to specific problem areas. MQX-503 is a new therapy specifically designed to treat this unmet clinical need."
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