Inyx to Present at Rodman & Renshaw Healthcare Conference
May 11 2006 - 10:36AM
PR Newswire (US)
NEW YORK, May 11 /PRNewswire-FirstCall/ -- Inyx, Inc. (OTC:IYXI)
(BULLETIN BOARD: IYXI) , a specialty pharmaceutical company with a
focus on niche drug delivery technologies and products, will make a
presentation at the Rodman & Renshaw Global Healthcare
Conference. The conference will be held next week in Monte Carlo,
Monaco on May 15-16, 2005. Inyx will present at 8:20 a.m. Central
Europe time on Tuesday, May 16. The Inyx presentation will also be
webcast live at: http://www.wsw.com/webcast/rrshq8/iyxi.ob and it
will be archived for 90 days at that site as well as at Inyx's own
website. Inyx will also be available for meetings with investors
attending the conference. At the conference, Inyx will discuss
several strategic growth initiatives that it has recently announced
and related updated financial guidance. On April 3, 2006, Inyx
reported it reached an agreement in principle to acquire a German
pharmaceutical production business from a pan-European specialty
pharmaceutical company, with which it is also entering into a
strategic, 10-year collaboration agreement, whereby Inyx will
become the exclusive manufacturing resource for the European
company's therapeutic products. The acquisition and collaboration
also includes Inyx receiving several product licenses. The purchase
price was not disclosed. The acquisition, which is subject to
completion of customary due diligence, execution of definitive
documents and securing financing for the closing, is expected to be
completed by June 30, 2006. The pending acquisition and strategic
collaboration is expected to add approximately $100 million in
annualized revenues, with a 35%-40% gross margin, to Inyx. 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.
Inyx, Inc.'s corporate offices are in New York City. For more
information, please visit: http://www.inyxgroup.com/. Safe Harbor
Statements about 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: Bill Kelly, VP
Investor Relations Inyx, Inc. DATASOURCE: Inyx, Inc. CONTACT: Bill
Kelly, VP Investor Relations of Inyx, Inc., Web site:
http://www.inyxinc.com/
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