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        <entityName>HEMAQUEST PHARMACEUTICALS</entityName>
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            <industryGroupType>Pharmaceuticals</industryGroupType>
        </industryGroup>
        <issuerSize>
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        </issuerSize>
        <federalExemptionsExclusions>
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        <typeOfFiling>
            <newOrAmendment>
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                <previousAccessionNumber>0001416377-10-000004</previousAccessionNumber>
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            <dateOfFirstSale>
                <value>2010-01-19</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
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        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
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            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
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            <totalAmountSold>16064150</totalAmountSold>
            <totalRemaining>59895</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
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            <totalNumberAlreadyInvested>12</totalNumberAlreadyInvested>
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        <salesCommissionsFindersFees>
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            </salesCommissions>
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            <clarificationOfResponse></clarificationOfResponse>
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            <clarificationOfResponse></clarificationOfResponse>
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        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>HEMAQUEST PHARMACEUTICALS</issuerName>
                <signatureName>/s/Nancy P.A. Williams</signatureName>
                <nameOfSigner>Nancy P.A. Williams</nameOfSigner>
                <signatureTitle>Attorney-in-Fact</signatureTitle>
                <signatureDate>2010-07-30</signatureDate>
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