EX. 5 OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP 505 PARK AVENUE NEW YORK, NEW YORK 10022 (212) 753-7200 April 25, 2002 Securities and Exchange Commission 450 Fifth Street, N.W. Judiciary Plaza Washington, D.C. 20549 Re: The Quigley Corporation Registration Statement on Form S-3 ---------------------------------- Ladies and Gentlemen: Reference is made to the Registration Statement on Form S-3 dated April 25, 2002, (the "Registration Statement"), filed with the Securities and Exchange Commission by The Quigley Corporation, a Nevada corporation (the "Company"). The Registration Statement relates to the resale by certain selling shareholders of an aggregate of 1,000,000 shares (the "Shares") of the Company's Common Stock, $.0005 par value. The Shares will be issued by the Company to the selling shareholders named in the Registration Statement upon the exercise of outstanding warrants. We advise you that we have examined original or copies certified or otherwise identified to our satisfaction of the Certificate of Incorporation and By-laws of the Company, minutes of meetings of the Board of Directors and shareholders of the Company, the Registration Statement, and such other documents, instruments and certificates of officers and representatives of the Company and public officials, and we have made such examination of the law as we have deemed appropriate as the basis for the opinion hereinafter expressed. In making such examination, we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, and the conformity to original documents of documents submitted to us as certified or photostatic copies. Based upon the foregoing, we are of the opinion that the Shares have been duly authorized and will be validly issued, fully paid and non-assessable upon the exercise of the warrants, subject, however, to receipt by the Company of the exercise price for the warrants in accordance with their respective terms. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and we further consent to the reference to this firm under the caption "Legal Matters" in the Registration Statement and the Prospectus forming a part thereof.We advise you that certain members of this firm are optionholders and shareholders of the Company. Very truly yours, /s/ OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP -------------------------------------------------- OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP