|   | x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 |
|--------|---|---------------------------------------------------------------------------------------------|

|   |  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 |
|--------|--------|----------------------------------------------------------------------------------------------|

| Nevada                          | 27-1877179                           |
|---------------------------------|--------------------------------------|
| (State or other jurisdiction of | (I.R.S. Employer Identification No.) |
| incorporation or organization)  |                                 |

| Large accelerated filer          ̈           |   | Accelerated filer                         ̈ |
|-----------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Non-accelerated filer            ̈ |   | Smaller reporting company      x                                                                                                          |
| (Do not check if a smaller reporting company)                                                 |

| Class                          | Outstanding as of November 21, 2011 |
|--------------------------------|----------------------------------------------------|
|                           |                                               |
| Common Stock, $0.005 par value | 43,663,012                                         |

----

| Heading         |                                                                                            | Page   |
|-----------------|-------------------------------------------------------------------------------------------------|--------|
|            |                                                                                            |   |
|            | PART  I— FINANCIAL INFORMATION                                                  |   |
|            |                                                                                            |   |
| Item 1.         | Unaudited Financial Statements                                                                  | 3      |
|            |                                                                                            |   |
| Item 2.         | Management's Discussion and Analysis of Financial Condition and Results of Operations | 12     |
|            |                                                                                            |   |
| Item 3.         | Quantitative and Qualitative Disclosures About Market Risk                                      | 14     |
|            |                                                                                            |   |
| Item 4(T). | Controls and Procedures                                                                         | 14     |
|            |                                                                                            |   |
|            | PART II— OTHER INFORMATION                                                                |   |
|            |                                                                                            |   |
| Item 1.         | Legal Proceedings                                                                               | 14     |
|            |                                                                                            |   |
| Item 1A.   | Risk Factors                                                                                    | 14     |
|            |                                                                                            |   |
| Item 2          | Unregistered Sales of Equity Securities and Use of Proceeds                                     | 14     |
|            |                                                                                            |   |
| Item 3.         | Defaults Upon Senior Securities                                                                 | 15     |
|            |                                                                                            |   |
| Item 4.         | (Removed and Reserved)                                                                          | 15     |
|            |                                                                                            |   |
| Item 5.         | Other Information                                                                               | 15     |
|            |                                                                                            |   |
| Item 6.         | Exhibits                                                                                        | 15     |
|            |                                                                                            |   |
|            | Signatures                                                                                      | 16     |

----

| Item 1. | Financial Statements |
|---------|----------------------|

----

|                                                                                                                                    |   | September 30, |       |   | December 31, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|------------|--------|-------------------|--------|
|                                                                                                                                    |   | 2011               |       |   | 2010              |   |
|                                                                                                                                    |   | (Unaudited)        |       |   |              |   |
|                                                                                                                                    |   |               |       |   |              |   |
| ASSETS                                                                                                                                  |   |               |       |   |              |   |
|                                                                                                                                    |   |               |       |   |              |   |
| CURRENT ASSETS                                                                                                                          |   |               |       |   |              |   |
|                                                                                                                                    |   |               |       |   |              |   |
| Cash                                                                                                                                    |   | $                  | 48,190     |   |              | $      | - |   |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| Total Current Assets                                                                                                                    |   |               | 48,190     |   |              |   | - |   |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| TOTAL ASSETS                                                                                                                            |   | $                  | 48,190     |   |              | $      | - |   |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                          |   |               |       |   |              |   |   |   |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| CURRENT LIABILITIES                                                                                                                     |   |               |       |   |              |   |   |   |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| Accounts payable and accrued expenses                                                                                                   |   | $                  | 98,198     |   |              | $      | 84,545 |   |
| Accounts payable - related parties                                                                                                      |   |               | 1,928      |   |              |   | 150,000 |   |
| Accrued officer salaries                                                                                                                |   |               | 361,224    |   |              |   | 224,658 |   |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| Total Current Liabilities                                                                                                               |   |               | 461,350    |   |              |   | 459,203 |   |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| TOTAL LIABILITIES                                                                                                                       |   |               | 461,350    |   |              |   | 459,203 |   |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                          |   |               |       |   |              |   |   |   |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| Preferred stock; 10,000,000 shares authorized, at $0.001 par value, no shares issued or outstanding                                     |   |               | -          |   |              |   | - |   |
| Common stock; 100,000,000 shares authorized, at $0.005 par value, 43,663,012 and 43,368,012 shares issued and outstanding, respectively |   |               | 218,315    |   |              |   | 216,840 |   |
| Additional paid-in capital                                                                                                              |   |               | 7,425,184  |   |              |   | 7,122,909 |   |
| Deficit accumulated during the development stage                                                                                        |   |               | (8,056,659 | )      |              |   | (7,798,952 | ) |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| Total Stockholders' Equity (Deficit)                                                                                                    |   |               | (413,160   | )      |              |   | (459,203 | ) |
|                                                                                                                                    |   |               |       |   |              |   |   |   |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                    |   | $                  | 48,190     |   |              | $      | - |   |

----

|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   | From Inception    |       |
|--------------------------------------------------|--------|------------------------------------------------|------------|--------|-----------------------------------------------|--------|------------|--------------------|--------|--------|------------|--------|--------|------------------------|------------|
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   | on August 5, |       |
|                                             |   | For the Three Months Ended |       |   | For the Nine Months Ended |   |       | 1987 Through  |   |
|                                             |   | September 30,                             |       |   | September 30,                            |   |       | September 30, |   |
|                                             |   | 2011                                           |       |   | 2010                                          |   |       | 2011               |   |   | 2010       |   |   | 2011                   |       |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |
| REVENUES                                         |   | $                                              | -          |   |                                          | $      | -          |               |   | $      | -          |   |   | $                      | -          |   |   | $ | - |   |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| EXPENSES                                         |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| Research and development                         |   |                                           | -          |   |                                          |   | -          |               |   |   | 123,192    |   |   |                   | 1,250,000  |   |   |   | 1,376,212 |   |
| Professional fees                                |   |                                           | 41,856     |   |                                          |   | -          |               |   |   | 328,216    |   |   |                   | -          |   |   |   | 663,206 |   |
| Executive compensation                           |   |                                           | 97,054     |   |                                          |   | -          |               |   |   | 366,233    |   |   |                   | 5,156,100  |   |   |   | 5,746,991 |   |
| General and administrative                       |   |                                           | 24,661     |   |                                          |   | 17,585     |               |   |   | 80,066     |   |   |                   | 175,700    |   |   |   | 291,409 |   |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| LOSS FROM OPERATIONS                             |   |                                           | (163,571   | )      |                                          |   | (17,585    | )                  |   |   | (897,707   | )      |   |                   | (6,581,800 | ) |   |   | (8,077,818 | ) |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| OTHER INCOME (EXPENSES)                          |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| Gain on sale of patents                          |   |                                           | -          |   |                                          |   | -          |               |   |   | 640,000    |   |   |                   | -          |   |   |   | 640,000 |   |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| LOSS BEFORE DISCONTINUED OPERATIONS              |   |                                           | (163,571   | )      |                                          |   | (17,585    | )                  |   |   | (257,707   | )      |   |                   | (6,581,800 | ) |   |   | (7,437,818 | ) |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| LOSS FROM DISCONTINUED OPERATIONS                |   |                                           | -          |   |                                          |   | -          |               |   |   | -          |   |   |                   | -          |   |   |   | (4,340,551 | ) |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| Income Taxes                                     |   |                                           | -          |   |                                          |   | -          |               |   |   | -          |   |   |                   | -          |   |   |   | - |   |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| NET LOSS                                         |   | $                                              | (163,571   | )      |                                          | $      | (17,585    | )                  |   | $      | (257,707   | )      |   | $                      | (6,581,800 | ) |   | $ | (11,778,369 | ) |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| BASIC AND DILUTED LOSS PER SHARE OF COMMON STOCK |   | $                                              | (0.00      | )      |                                          | $      | (0.00      | )                  |   | $      | (0.01      | )      |   | $                      | (0.17      | ) |   |   |   |   |
|                                             |   |                                           |       |   |                                          |   |       |               |   |   |       |   |   |                   |       |   |   |   |   |   |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING    |   |                                           | 43,663,012 |   |                                          |   | 43,368,012 |               |   |   | 43,518,140 |   |   |                   | 39,796,089 |   |   |   |   |   |

----

|                                                                                                                           |   |              |      |   |    |   |   |        |   |   | Deficit         |   |   |             |       |
|--------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-----------|--------|---------|--------|--------|-------------|--------|--------|-----------------|--------|--------|------------------|------------|
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   | Accumulated     |   |   |             |       |
|                                                                                                                           |   |              |      |   |    |   |   | Additional  |   |   | During the |   |   | Total            |       |
|                                                                                                                           |   | Common Stock |      |   | Paid-In |   |   | Development |   |   | Stockholders'   |   |
|                                                                                                                           |   | Shares            |      |   | Amount  |   |   | Capital     |   |   | Stage           |   |   | Equity/(Deficit) |       |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |
| Balance August 5, 1987                                                                                                         |   |              | -         |   |    | $      | -      |        |   | $      | -               |   |   | $                | -          |   |   | $ | - |   |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Net loss for the period ended December 31, 1987                                                                                |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |             | (30        | ) |   |   | (30 | ) |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Balance, December 31, 1987                                                                                                     |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |             | (30        | ) |   |   | (30 | ) |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Common stock issued for services rendered at $15.00 per share on January 27, 1988                                              |   |              | 624,000   |   |    |   | 3,120  |        |   |   | 2,336,880       |   |   |             | -          |   |   |   | 2,340,000 |   |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Common stock issued for Midway Mining Development Corp. at $15.00 per share on January 27, 1988                                |   |              | 359,592   |   |    |   | 1,798  |        |   |   | 1,346,672       |   |   |             | -          |   |   |   | 1,348,470 |   |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Common stock issued for mining claims at predecessor cost on May 24, 1988                                                      |   |              | 19,420    |   |    |   | 97     |        |   |   | (97             | )      |   |             | -          |   |   |   | - |   |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Common stock cancelled due to the acquisition agreement on Midway Mining and Development Corp. being rescinded on July 6, 1988 |   |              | (209,112  | )      |    |   | (1,046 | )           |   |   | -               |   |   |             | -          |   |   |   | (1,046 | ) |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Common stock issued for services rendered at $0.00 per share on July 6, 1988                                                   |   |              | 209,112   |   |    |   | 1,046  |        |   |   | -               |   |   |             | -          |   |   |   | 1,046 |   |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Additional capital contributed                                                                                                 |   |              | -         |   |    |   | -      |        |   |   | 33,000          |   |   |             | -          |   |   |   | 33,000 |   |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Net loss for the year ended December 31, 1988                                                                                  |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |             | (3,721,500 | ) |   |   | (3,721,500 | ) |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Balance, December 31, 1988                                                                                                     |   |              | 1,003,012 |   |    |   | 5,015  |        |   |   | 3,716,455       |   |   |             | (3,721,530 | ) |   |   | (60 | ) |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Net loss for the year ended December 31, 1989                                                                                  |   |              | -         |   |    |   | -      |        |   |   | -               |   |   |             | (30        | ) |   |   | (30 | ) |
|                                                                                                                           |   |              |      |   |    |   |   |        |   |   |            |   |   |             |       |   |   |   |   |   |
| Balance, December 31, 1989                                                                                                     |   |              | 1,003,012 |   |    | $      | 5,015  |        |   | $      | 3,716,455       |   |   | $                | (3,721,560 | ) |   | $ | (90 | ) |

----

|                                                                  |   |                                          |     |   |               |   |       | From Inception    |   |
|-----------------------------------------------------------------------|--------|-----------------------------------------------|----------|--------|--------------------|--------|------------|------------------------|--------|
|                                                                  |   |                                          |     |   |               |   |       | on August 5, |   |
|                                                                  |   | For the Nine Months Ended |     |   | 1987 Through  |   |
|                                                                  |   | September 30,                            |     |   | September 30, |   |
|                                                                  |   | 2011                                          |     |   | 2010               |   |       | 2011                   |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |
| OPERATING ACTIVITIES                                                  |   |                                          |     |   |               |   |       |                   |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |
| Net Income (loss)                                                     |   | $                                             | (257,707 | )      |               | $      | (6,581,800 | )                      |   | $ | (11,778,369 | ) |
| Adjustments to reconcile loss to cash flows from operating activities |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| Common stock issued for services                                      |   |                                          | 303,750  |   |               |   | 5,309,100  |                   |   |   | 9,487,020 |   |
| Common stock issued for research and development costs                |   |                                          | -        |   |               |   | 1,250,000  |                   |   |   | 1,250,000 |   |
| Loss from disposition of subsidiary                                   |   |                                          | -        |   |               |   | -          |                   |   |   | 564,300 |   |
| Expenses paid on behalf of the Company                                |   |                                          | -        |   |               |   | 25,450     |                   |   |   | 65,620 |   |
| Gain on sale of patent                                                |   |                                          | (640,000 | )      |               |   | -          |                   |   |   | (640,000 | ) |
| Changes in operating assets and liabilities                           |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| Accounts payable and accrued expenses                                 |   |                                          | 13,653   |   |               |   | -          |                   |   |   | 98,198 |   |
| Account payable - related parties                                     |   |                                          | (148,072 | )      |               |   | -          |                   |   |   | 197 |   |
| Increase in accrued salaries                                          |   |                                          | 136,566  |   |               |   | (2,750     | )                      |   |   | 361,224 |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| Net Cash Used in Operating Activities                                 |   |                                          | (591,810 | )      |               |   | -          |                   |   |   | (591,810 | ) |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| INVESTING ACTIVITIES                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| Proceeds from sale of patent                                          |   |                                          | 640,000  |   |               |   | -          |                   |   |   | 640,000 |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| Net Cash Provided by Investing Activities                             |   |                                          | 640,000  |   |               |   | -          |                   |   |   | 640,000 |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| FINANCING ACTIVITIES                                                  |   |                                          | -        |   |               |   | -          |                   |   |   | - |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| NET INCREASE IN CASH                                                  |   |                                          | 48,190   |   |               |   | -          |                   |   |   | 48,190 |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| CASH AT BEGINNING OF PERIOD                                           |   |                                          | -        |   |               |   | -          |                   |   |   | - |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| CASH AT END OF PERIOD                                                 |   | $                                             | 48,190   |   |               | $      | -          |                   |   | $ | 48,190 |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| SUPPLEMENTAL CASH FLOW INFORMATION:                                   |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| CASH PAID FOR:                                                        |   |                                          |     |   |               |   |       |                   |   |   |   |   |
|                                                                  |   |                                          |     |   |               |   |       |                   |   |   |   |   |
| Interest                                                              |   | $                                             | -        |   |               | $      | -          |                   |   | $ | - |   |
| Income taxes                                                          |   | $                                             | -        |   |               | $      | -          |                   |   | $ | - |   |

----

----

----

----

----

| Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------|

----

----

| Item 3. | Quantitative and Qualitative Disclosures About Market Risk. |
|---------|-------------------------------------------------------------|

| Item 4(T). | Controls and Procedures. |
|------------|--------------------------|

| Item 1. | Legal Proceedings |
|---------|-------------------|

| Item 1A. | Risk Factors |
|----------|--------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

----

| Item 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

| Item 4. | (Removed and Reserved) |
|---------|------------------------|

| Item 5. | Other Information |
|---------|-------------------|

| Item 6. | Exhibits |
|---------|----------|

|   | Exhibit 31.1 |         | Certification of C.E.O. Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                      |
|--------|--------------|--------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |         |         |                                                                                                                                                    |
|   | Exhibit 31.2 |         | Certification of Principal Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                |
|   |         |         |                                                                                                                                                    |
|   | Exhibit 32.1 |    | Certification of C.E.O. Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.                       |
|   |         |         |                                                                                                                                                    |
|   | Exhibit 32.2 |         | Certification of Principal Accounting Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|   |         |         |                                                                                                                                                    |
|   | Exhibit 101* |         | Interactive Data File                                                                                                                                   |

----

----

|                               | PROTECT PHARMACEUTICAL CORPORATION |
|------------------------------------|------------------------------------|
|                               |                               |   |
| Date:  November 21, 2011 | By:                                | /S/ Ramesha Sesha |
|                               |                               | Ramesha Sesha |
|                               |                               | President, C.E.O. and Director |
|                               |                               |   |
| Date:  November 21, 2011 | By:                                | /S/ Keith Elison |
|                               |                               | Keith Elison |
|                               |                               | C.F.O., Chief Accounting Officer |

----