VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 16, 2007) - WEX Pharmaceuticals Inc. (the "Company")(TSX VENTURE:WXI) announced today that it had concluded settlement agreements putting an end to claims for damages for unlawful termination brought against the Company on behalf of its Founder and former Chief Executive Officer Mr. Frank Shum and its former Chief Operating Officer Ms. Donna Shum and disputed contract claims by and against a significant shareholder, Tianjin Fairwood Furniture Manufacturing Co. Ltd. ("Tianjin").
