INEX RECEIVES NOTICE FROM PROTIVA BIOTHERAPEUTICS

Inex Pharmaceuticals Corporation announced that it has become aware of a statement of claim filed by Protiva Biotherapeutics Inc. ("Protiva") in California Superior Court. Protiva, a private biotechnology company, was spun-out from INEX in 2001 along with certain intellectual property rights relating to gene therapy technology. INEX holds a minority interest in Protiva.
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