NEWS Release
Regulatory Approval for
an Open Label Clinical Trial
Date: April 13, 2004
Toronto Stock Exchange
Trading Symbol: WXI
http://www.wextech.ca
E-mail: wex@wextech.ca
International Wex Technologies
Inc. ("Wex" or the "Company") is pleased to announce that it received
regulatory approval (No Objection Letter) from Health Canada, on
April 8, 2004, for initiating an Open-Label extension Clinical Trial
for Tectin™ in patients with moderate to severe cancer-related pain.
This multi-centre, safety and efficacy study is a long-term continuation
of the current Pivotal Phase IIb/III trial that is underway and
will be run in parallel.
In an effort to enforce Wex's
commitment to improving quality of life the Company requested this
study in order to make Tectin™ available to all patients who participate
in the Pivotal Phase IIb/III trial. This will allow the patients
who obtained benefit from the drug as well as those who received
placebo to obtain Tectin™ for continued t reatment while providing
the Company with data on the long-term safety and efficacy of the
product. This would preclude preventing or delaying patients benefiting
from continued treatment before product commercialization.
International Wex Technologies
Inc., a publicly listed neuro-bioscience company (WXI), is focused
on the development and commercialization of innovative drug products,
primarily for pain management. The Company's lead compound, Tetrodotoxin,
is a sodium channel blocker and is the platform for the Company's
development of a portfolio of proprietary products in the field
of analgesia, drug addiction withdrawal treatment, and local anaesthesia.
For additional information
on our products visit us at http://www.wextech.ca or call Gordon
Stanley, Corporate Communications at 604-683-8880, or at 1-800-722-7549.
Per: Donna Shum, Corporate
Secretary
The Toronto Stock
Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the content of this News Release.
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