SHAREHOLDERS OF INEX PHARMACEUTICALS (IEX.TO) APPROVE SPIN OUT OF TEKMIRA PHARMACEUTICALS CORPORATION

Inex Pharmaceuticals Corporation announced that at its Special Meeting of Shareholders held yesterday, shareholders of INEX approved the Plan of Arrangement to spin-out all of the Company's technology, products, cash and partnerships into a new company, Tekmira Pharmaceuticals Corporation ("Tekmira"). Shareholders voted 99.3% in favour of the spin-out. Shareholders also approved an amendment to the INEX stock option plan, which will be adopted as the Tekmira stock option plan on the completion of the spin-out. BioSpace (http://www.biospace.com/news_story.aspx?StoryID=30679&full=1)