UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                         VioQuest Pharmaceuitcals, Inc.
                         ------------------------------

                    Common Stock, par value $0.001 per share
                         (Title of Class of Securities)
                         ------------------------------

                                    927625103
                                    ---------
                                  CUSIP Number

                                December 1, 2004
                      ------------------------------------
                      (Date of Event which Requires Filing
                               of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                                |_| Rule 13d-1(b)
                                |X| Rule 13d-1(c)
                                |_| Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                          Continued on following pages
                                Page 1 of 5 Pages


                                       37


                                                                    SCHEDULE 13G

CUSIP No.  927625103

                                                                     Page 2 of 5
--------------------------------------------------------------------------------
1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  LINDSAY A. ROSENWALD, M.D.
--------------------------------------------------------------------------------
2        Check the Appropriate Box If a Member of a Group *

                                                     a. |_|  b. |_| 
--------------------------------------------------------------------------------
3        SEC Use Only

--------------------------------------------------------------------------------
4        Citizenship or Place of Organization

                                  UNITED STATES
--------------------------------------------------------------------------------

                            5             Sole Voting Power
Number of                                 990,678
  Shares                    ----------------------------------------------------
Beneficially                6             Shared Voting Power
  Owned By                                0
    Each                    ----------------------------------------------------
Reporting                   7             Sole Dispositive Power
    Person                                990,678
    With                    ----------------------------------------------------
                            8             Shared Dispositive Power
                                          0
-------------------------------------------------------------------------------
9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                    990,678
-------------------------------------------------------------------------------
10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares *

                                    |_| 
-------------------------------------------------------------------------------

11       Percent of Class Represented By Amount in Row (9)

                                    5.5%
-------------------------------------------------------------------------------

12       Type of Reporting Person *

                                    IN
-------------------------------------------------------------------------------

* see instructions before filling out



CUSIP No.  927625103
                                                                    Page 3 of 5

Item 1(a)         Name of Issuer:

                  VioQuest Pharmaceuticals, Inc.. (the "Issuer")

Item 1(b)         Address of the Issuer's Principal Executive Offices:

                       130 West 42nd Street
                       12th Floor
                       New York, NY  10036

Item 2(a)         Name of Person Filing:

                  Lindsay A. Rosenwald, M.D. (the "Reporting Person").

Item 2(b)         Address of Principal Business Office or, if None, Residence:

                       c/o Paramount BioCapital Investments, LLC
                       787 Seventh Avenue, 48th Floor
                       New York, NY 10036

Item 2(c)         Citizenship:
                  The Reporting Person is a citizen of the United States.

Item 2(d)         Title of Class of Securities:

                  Common Stock (the "Shares").

Item 2(e)         CUSIP Number:

                  927625103

Item 3.           If this  statement  is filed  pursuant to Rule  13d-1(b),  or 
                  13d-2(b) or (c),  check  whether the person filing is a:

                  This Item 3 is not applicable.

Item 4.           Ownership:

Item 4(a)         Amount Beneficially Owned:

                  All shares held directly by Reporting Person and consist of
                  (i) 887,807 Shares and (ii) warrants to purchase 102,871
                  Shares. Reporting Person became a 5% owner of a class of
                  securities of the Issuer on December 1, 2004.

Item 4(b)         Percent of Class:

                  See Item 11 of the cover page.



CUSIP No.  927625103
                                                                    Page 4 of 5

Item 4(c)         Number of shares as to which such person has:




                                                                                                          
         (i)       Sole power to vote or direct the vote:                         Please see Item 5 of the cover
                                                                                  page.
         (ii)      Shared power to vote or to direct the vote                     Please see Item 6 of the cover
                                                                                  page.
         (iii)     Sole power to dispose or to direct the disposition of          Please see Item 7 of the cover
                                                                                  page.
         (iv)      Shared power to dispose or to direct the disposition of        Please see Item 8 of the cover
                                                                                  page.


Item 5.           Ownership of Five Percent or Less of a Class:

                  This Item 5 is not applicable.

Item 6.           Ownership of More than Five Percent on Behalf of Another 
                  Person:

                  This Item 6 is not applicable.

Item 7.           Identification and Classification of the Subsidiary Which 
                  Acquired the Security Being Reported on by the Parent Holding
                  Company:

                  This Item 7 is not applicable.

Item 8.           Identification and Classification of Members of the Group:

                  This Item 8 is not applicable.

Item 9.           Notice of Dissolution of Group:

                  This Item 9 is not applicable.

Item 10. Certification:

                  By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.



                                                                    Page 5 of 5

                                   SIGNATURES


         After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.

                                                 February 10, 2005

                                                 /s/ Lindsay A. Rosenwald
                                                 --------------------------
                                                 Lindsay A. Rosenwald, M.D.