VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 3, 2011) - WEX Pharmaceuticals Inc. (TSX:WXI) (the "Company") announced today that 19 individuals claiming to hold in the aggregate approximately 20.7 million restricted voting shares(approximately 4.7% of total outstanding)had filed a petition against the Company in the Supreme Court of British Columbia claiming damages, in an unspecified amount, together with other ancillary relief, allegedly resulting from conduct oppressive to shareholders other than Pharmagesic (Holdings) Inc., including themselves.
The Company believes the claim is without merit and is defending the proceedings.
About WEX Pharmaceuticals Inc.
WEX Pharmaceuticals Inc. is dedicated to the discovery, development, manufacture and commercialization of innovative drug products to treat pain. The Company's principal business strategy is to derive drugs from naturally occurring toxins and develop proprietary products for the global market.
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