ANN ARBOR, MI -- (MARKET WIRE) -- November 09, 2006 -- Pipex Therapeutics, Inc. (OTCBB: SFPH), a specialty pharmaceutical company developing innovative late-stage drug candidates for the treatment of neurologic and fibrotic diseases, announced today that it has received the first round of equipment awards from the Michigan Innovation Equipment Depot (MIED) which was recently distributed to emerging life science companies throughout the state of Michigan.