Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LENZ BRIAN
   2. Issuer Name and Ticker or Trading Symbol
VioQuest Pharmaceuticals, Inc. [VQPH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CFO and Treasurer
(Last)
(First)
(Middle)
180 MT. AIRY ROAD, SUITE 102		 3. Date of Earliest Transaction (Month/Day/Year)
03/14/2008
(Street)

BASKING RIDGE, NJ 07920		 4. If Amendment, Date Original Filed(Month/Day/Year)
04/11/2008		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               15,000 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (1) $ 1.67               (2) 10/06/2013 Common Stock 15,000   15,000 D  
Stock Options $ 1.4               (3) 04/19/2014 Common Stock 25,000   25,000 D  
Stock Options $ 1.08               (4) 01/24/2015 Common Stock 60,000   60,000 D  
Stock Options $ 1.03               (5) 11/29/2015 Common Stock 100,000   100,000 D  
Stock Options $ 0.85               (6) 03/31/2016 Common Stock 100,000   100,000 D  
Stock Options $ 0.55               (7) 05/11/2007 Common Stock 100,000   100,000 D  
Warrant $ 0.4             06/29/2007 06/29/2012 Common Stock, $.001 par value 3,289   3,289 D  
Stock Options (right to buy) $ 0.12               (10) 02/28/2018 Common Stock 800,000   800,000 D  
Senior Convertible Promissory Notes $ 0.38 03/14/2008   C(8)     13,157 06/29/2007 06/29/2009 Series B Convertible Preferred Stock (8) 5.285 (8) $ 1,000 0 (8) D  
Series B Convertible Preferred Stock $ 0.38 03/14/2008   C(8)   5.285   03/14/2008   (9) Common Stock 13,157 (11) 5.285 D  
Series B Convertible Preferred Stock (11) 04/09/2008   J(11)     5 03/14/2008   (9) Series A Convertible Preferred Stock 5 (11) 0.285 D  
Series A Convertible Preferred Stock $ 0.06 04/09/2008   J(11)   5   04/09/2008   (9) Common Stock 83,333 (11) 5 D  
Series A Convertible Preferred Stock $ 0.06 04/09/2008   P(12)   5   04/09/2008   (9) Common Stock 83,333 $ 1,000 10 D  
Warrant $ 0.1 04/09/2008   P(12)   83,333   04/09/2008 04/09/2013 Common Stock 83,333 (12) 83,333 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LENZ BRIAN
180 MT. AIRY ROAD, SUITE 102
BASKING RIDGE, NJ 07920		       CFO and Treasurer  

Signatures

 /s/ Brian Lenz   04/23/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Under the 2003 Stock Option Plan.
(2) 5,000 shares each vest on 10/6/04, 10/6/05 and 10/6/06.
(3) Option vests in three annual installments beginning on 4/19/05.
(4) Option vests in three annual installments beginning on 1/24/06.
(5) Option vests in three annual installments beginning on 11/29/06.
(6) Option exercisable as follows: 33,334 shares on 3/31/07; 33,333 shares on each of 3/31/08 and 3/31/09.
(7) Option exercisable as follows: 33,334 shares on 5/11/08; 33,333 shares on each of 5/11/09 and 5/11/10.
(8) Notes were amended on 3/14/08 to provide for conversion to Series B Convertible Preferred Stock and a mandatory conversion took place on that date.
(9) No expiration date.
(10) Option vests as follows: 266,667 shares each on 2/28/09 and 2/28/10; 266,666 shares vest on 2/28/11; subject to acceleration under certain circumstances.
(11) On 4/9/08, the Reporting Person exchanged Series B Convertible Preferred Stock for Series A Convertible Preferred Stock pursuant to an exchange offer by the Company in connection with the Series A Convertible Preferred Offering.
(12) Pursuant to a private offering of Series A Convertible Preferred Stock and Warrants.

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