Inyx's Ashton Pharmaceuticals Selected to Produce New Anti-Anxiety Drug for U.K. Market
22 Junio 2006 - 1:24PM
PR Newswire (US)
NEW YORK, June 22 /PRNewswire-FirstCall/ -- Inyx, Inc. (OTC:IYXI)
(BULLETIN BOARD: IYXI) , a specialty pharmaceutical company focused
on niche drug delivery technologies and products, announced today
that its wholly owned U.K. subsidiary, Ashton Pharmaceuticals Ltd.,
has been selected by a British specialty pharmaceutical company to
manufacture a new anti-anxiety drug for the market in the United
Kingdom. Ashton initially provided process development services to
enable production scale up to commercial batch sizes on the new
anti-anxiety drug. Ashton will now manufacture and package the
entire production of this tablet product. Jack Kachkar, M.D.,
Chairman of Inyx, Inc., said, "We are very pleased that Inyx has
been selected for the commercial production of this client's new
product. This reflects Ashton's in-depth capabilities to enable
clients to bring new products rapidly to market." Dr. Kachkar added
that another new product of this client is also under discussion
for Ashton. Inyx, last August, acquired Ashton, which expanded
Inyx's expertise into solid dose as well as injectable
pharmaceuticals and enhanced its capabilities in dry powder
inhalers. The company has another U.K. subsidiary, Inyx Pharma
Ltd., which specializes in metered dose inhalers, metered dose
nasal and oral sprays, hydrocarbon foam formulations and sterile
saline solutions. About Inyx Inyx, Inc. is a specialty
pharmaceutical company with niche drug delivery technologies and
products for the treatment of respiratory, allergy, dermatological,
topical and cardiovascular conditions. Inyx focuses its expertise
on both prescription and over-the-counter pharmaceutical products,
and provides specialty pharmaceutical development and production
consulting services. In addition, Inyx is developing its own
proprietary products. The company's operations are conducted
through several wholly owned subsidiaries: Inyx USA, Ltd., based in
Manati, Puerto Rico; Inyx Pharma Ltd. and Inyx Europe Limited,
which owns and operates Ashton Pharmaceuticals Ltd., all near
Manchester, England; Inyx Canada, Inc. in Toronto; and Exaeris,
Inc., based in Exton, Pennsylvania, which conducts Inyx's marketing
and distribution activities. Inyx, Inc.'s corporate offices are in
New York City. For more information, please visit:
http://www.inyxgroup.com/. Safe Harbor Statements about the Inyx's
future expectations, including future revenues and earnings, and
all other statements in this press release other than historical
facts, are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and as that term is defined in the
Private Securities Litigation Reform Act of 1995. Inyx intends that
such forward-looking statements be subject to the safe harbors
created thereby. Since these statements involve risks and
uncertainties and are subject to change at any time, Inyx's actual
results could differ materially from expected results. For more
information, please contact: Jay M. Green, Executive Vice President
of Inyx, Inc. 212-838-1111 Bill Kelly, Vice President Investor
Relations of Inyx, Inc. 212-838-1111 DATASOURCE: Inyx, Inc.
CONTACT: Jay M. Green, Executive Vice President, , or Bill Kelly,
Vice President Investor Relations, , both of Inyx, Inc.,
+1-212-838-1111 Web site: http://www.inyxinc.com/
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