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QUATRX PHARMACEUTICALS WITHDRAWS REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING

[Released July 10, 2006]

ANN ARBOR, MI—QuatRx Pharmaceuticals Company announced today that it has withdrawn its initial public offering and its S-1 registration statement filed with the Securities and Exchange Commission (SEC) due to market conditions.

About QuatRx

QuatRx is a pharmaceutical company focused on discovering, licensing, developing and commercializing compounds in the endocrine, metabolic and cardiovascular therapeutic areas. QuatRx, founded in 2000, is headquartered in Ann Arbor, Michigan and has operations in Europe through Hormos Medical Ltd., a wholly-owned subsidiary located in Turku, Finland.

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