Inyx Selected by U.K. Client to Produce Novel HFA Aerosol Urological Product for U.S. Phase III Trial
20 Julio 2006 - 8:30AM
PR Newswire (US)
NEW YORK, July 20 /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 subsidiary, Inyx USA Ltd., has been selected
by an emerging U.K. specialty pharmaceutical company to manufacture
a novel urological product as a topical HFA (hydrofluroalkane)
aerosol spray for Phase III trial in the U.S. Inyx USA will
initially provide process transfer services to enable production of
the clinical-trial batches at an enhanced HFA facility at its
Manati site in Puerto Rico. Inyx USA will produce both active and
placebo batches for the trial. Jack Kachkar, M.D., Chairman of
Inyx, Inc., said, "We are very pleased that a new, U.K.-based
client has selected Inyx USA for Phase III trial production. This
selection reflects our intensifying, coordinated business
development efforts from both sides of the Atlantic." Last year,
Inyx acquired the Puerto Rico site from Sanofi-Aventis, giving Inyx
an operating base in the United States. The Manati complex, located
in north central Puerto Rico about 30 miles outside of San Juan,
extends over 9.5 acres and presently consists of five buildings
totaling approximately 140,000 square feet. 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. Bill Kelly, Vice President
Investor Relations of Inyx, Inc. DATASOURCE: Inyx, Inc. CONTACT:
Jay M. Green, Executive Vice President, , or Bill Kelly, Vice
President Investor Relations, , both of Inyx, Inc. Web site:
http://www.inyxinc.com/
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