Wex Pharmaceuticals Inc. Drops 65% After Phase IIb/III Tectin (TM) Results Disappoint; To Cut Jobs

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 5, 2006) - WEX Pharmaceuticals Inc. (“WEX” or the “Company”) (TSX:WXI) today announced the recommendation of the Data Monitoring Committee (“DMC”) following an interim analysis of its Canadian Phase IIb/III clinical trial of Tetrodotoxin (TectinTM), an investigational drug for the management of cancer-related pain.

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