Corporate Overview
WEX Pharmaceuticals
Inc. is a company dedicated to the discovery, development,
manufacture and marketing of a new class of therapeutics to treat
acute and chronic pain.
WEX is a federally incorporated company headquartered in Vancouver,
B.C., Canada with offices in:
- HONG KONG - WEX Medical Limited, Hong Kong
- NANNING, CHINA - Nanning Maple Leaf Pharmaceutical Co.,
Ltd. (NMLP) ,
being WEX`s R&D and manufacturing facility
NMLP is a GMP (Good Manufacturing
Practice) approved facility for injectable pharmaceutical products
by the State Drug Administration for China. WEX is listed on the
Toronto Stock Exchange with the symbol WXI .
Competitive Advantages
WEX's platform technology
has the characteristic of being non-opioid (non-addictive) with
a quick onset time. In clinical trials to date Tectin™ has
shown to be non mind or mood altering with long-lasting effects.
Side effects to date are mild and reversible. Studies have shown
it to be up to 3,200 times stronger than morphine. A matchbox of
drug substance can contain over 1,000,000 current size doses of
Tectin™.
Intellectual Property
The Company currently
has 92 patents filed or granted in the areas of Therapeutics Use, Dosages, Manufacturing and Purifications, Derivatives, Combinations and formulations. Moreover,
WEX has registered Drug Master Files (DMF) with Canada and the United
States for its pharmaceutical grade TTX substance.
Emerging Products
The WEX-based TTX platform
indicates a plethora of applications but the Company is concentrating
on its lead product Tectin™ for inadequately controlled cancer-related pain. In Canada, we are noted as having an innovative, ground-breaking
new class of analgesic. The Company is also conducting a Canadian compassionate-use trial with Tectin™ for severe non-malignant chronic pain.
Excellence in People
WEX boasts an impressive
and diverse corporate and external network. In addition to excellent
on-site staff and management, the Company has an accomplished Board
of seven Directors with strong finance, business, medicine and large
pharma management background.
Additional scope of expertise comes from its seasoned Advisory Board covering science, medicine, law and finance. Experts in the fields of toxicology, CMC, clinical trials, monitoring and other areas are constantly being consulted when required.
WEX has over 70 professional
staff throughout its offices in Vancouver and Hong Kong and
its research and development and manufacturing facility in Nanning,
China.
Business Strategy
WEX plans to develop strategic alliances with established pharmaceutical and biotechnology companies with significant sales and existing distribution channels. Our partners will share the cost of late stage drug development and will market our products in their territories. WEX will receive upfront payments and milestone payments before the products obtain approval and share a portion of the profit from the sales of products. WEX will also manufacture the active pharmaceutical ingredient, tetrodotoxin at its facility in China.
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