Polydex Pharmaceuticals Awarded Frost & Sullivan’s 2006 North America Product Innovation Of The Year Award

TORONTO -- (MARKET WIRE) -- October 03, 2006 -- Polydex Pharmaceuticals Limited (NASDAQ: POLXF) is proud to accept this year’s Product Innovation of the Year Award from Frost & Sullivan for best practices in the development of Ushercell, the company’s revolutionary next-generation contraceptive prophylactic gel, envisioned to prevent the spread of sexually transmitted infections, including the AIDS causing HIV virus.