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Quatrx Pharmaceuticals Announces New Management Appointments

Quatrx Pharmaceuticals Announces New Management Appointments

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QUATRx <strong>Pharmaceuticals</strong> Company<br />

777 East Eisenhower Parkway, Suite 100<br />

Ann Arbor, MI 48108<br />

(734) 913-9900 • fax (734) 913-0743<br />

www.quatrx.com<br />

Company Contact: Julia Owens<br />

(734) 913-9900 x121<br />

QUATRX PHARMACEUTICALS ANNOUNCES NEW MANAGEMENT<br />

APPOINTMENTS<br />

Rochelle Hanley, M.D., joins QuatRx as chief medical officer<br />

ANN ARBOR, MI (September 19, 2006) -- QuatRx <strong>Pharmaceuticals</strong>, a biopharmaceutical<br />

company focused on research and development of therapeutic compounds for the treatment<br />

of major endocrine, metabolic and cardiovascular diseases, today announced the appointment<br />

of Rochelle Hanley, M.D., as chief medical officer. Dr. Hanley will oversee clinical<br />

development of QuatRx’s product pipeline. Prior to joining QuatRx, Dr. Hanley was vice<br />

president, clinical R&D site head of Pfizer’s Michigan Laboratories, where she oversaw the<br />

clinical operations of Pfizer’s Michigan research and development facility. Dr. Hanley has<br />

extensive experience managing clinical development, especially in metabolic disorders and<br />

cardiovascular disease. In her career, Dr. Hanley has also held clinical development<br />

management roles at both Glaxo Wellcome and Parke-Davis Pharmaceutical Research.<br />

Other <strong>Management</strong> Changes<br />

Along with Dr. Hanley’s appointment, Randy Whitcomb, M.D., a founder of QuatRx and its<br />

chief medical officer since inception, has been appointed senior clinical research fellow. Dr.<br />

Whitcomb will advise on research and development matters and will join the Company’s<br />

Scientific Advisory Board.<br />

Christopher Nicholas has been promoted to chief operating officer. Mr. Nicholas is a founder<br />

of QuatRx and has served as its chief business officer since inception. Mr. Nicholas has more<br />

than 25 years of global pharmaceutical marketing, business development and general<br />

management experience at companies including Bayer, Hoechst/Roussel and Parke-Davis.<br />

“Dr. Hanley and Dr. Whitcomb together provide unparalleled expertise which is closely<br />

aligned with our therapeutic focus, and when combined with our new management structure,<br />

position us well for the effective management of our growing and advancing portfolio of<br />

clinical stage programs, including Ophena, fispemifene and Asord,” said Robert L.<br />

Zerbe, M.D., president and chief executive officer of QuatRx <strong>Pharmaceuticals</strong>.<br />

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About QuatRx<br />

QuatRx <strong>Pharmaceuticals</strong> Company is focused on discovering, licensing, developing and<br />

commercializing compounds in the endocrine, metabolic and cardiovascular therapeutic<br />

areas. QuatRx currently has four product candidates in clinical development. QuatRx’s two<br />

lead compounds treat hormone deficiencies that result from aging in women and men.<br />

Ophena is in Phase III development initially for the treatment of vaginal atrophy, a<br />

common problem associated with estrogen deficiency in post-menopausal women.<br />

Fispemifene, a treatment for testosterone deficiency, is in Phase II clinical testing. QuatRx<br />

also has QRX-431, a product candidate for the treatment of elevated cholesterol levels, and<br />

Asord, a topical product candidate for the treatment of mild to moderate psoriasis, which<br />

has completed a Phase IIb clinical trial.<br />

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