.

  FOR IMMEDIATE RELEASE
Contact:  

Robert F. Apple, Chief Operating Officer
InKine Pharmaceutical Company, Inc.
215-283-6850

Donald C. Weinberger
Wolfe Axelrod Weinberger Assoc. LLC
212-370-4500, 212-370-4505 fax
[email protected]


INKINE TO PRESENT AT 7th ANNUAL FRIEDMAN BILLINGS RAMSEY TECHNOLOGY & GROWTH INVESTOR CONFERENCE

 

BLUE BELL, PA May 12, 2003 -- InKine Pharmaceutical Company, Inc. (Nasdaq: INKP) today announced that it will participate in the 7th annual Friedman Billings Ramsey Technology & Growth Investor Conference, to be held May 28-29, 2003 at the Millennium Broadway Hotel, 145 West 44th Street, New York, NY. Presenters at the conference include over 120 leading companies in technology. Leonard S. Jacob, M.D., Ph.D., Chairman and CEO of InKine, is scheduled to speak at 10:40 AM EDT on May 29, 2003 to discuss the Company’s product portfolio, strategic initiatives and prescription trends.

“I am delighted to participate in the Friedman Billings conference later this month,” said Leonard S. Jacob, M.D., Ph.D., Chairman and CEO of InKine. “We are off to a great start for 2003 and our outlook for the remainder of this year and for 2004 continues to look even better. Our franchise product, Visicol®, continues to reach record levels in terms of prescription and market share growth, with the last reported unaudited weekly numbers being our highest ever on both counts.”

About InKine Pharmaceutical
InKine Pharmaceutical Company, Inc. is a publicly traded biopharmaceutical company focused on the diagnosis and treatment of cancer and autoimmune diseases. The Company's development strategy is to acquire late-stage drug candidates with short time lines to commercialization. The Company's first product, Visicol™ is the first and only tablet purgative preparation indicated for bowel cleansing prior to colonoscopy. InKine's second product, IBStat™, is a novel oral hysocyamine spray for the treatment of Irritable Bowel Syndrome (IBS) and spasm of the colon. Additionally, the Company is developing other clinical compounds such as Colirest™, which is in clinical trials for the treatment of Crohn's disease and completed Phase II trials for the treatment of ulcerative colitis. For further information, please visit InKine on their web site http://www.inkine.com.

In addition to historical facts or statement of current condition, this press release may contain forward-looking statements. Forward-looking statements provide InKine's current expectations or forecasts of future events. These may include statements regarding anticipated scientific progress on its research programs, development of potential pharmaceutical products, interpretation of clinical results, prospects for regulatory approval, manufacturing development and capabilities, market prospects for its products, sales and earnings projections, and other statements regarding matters that are not historical facts. You may identify some of these forward-looking statements by the use of words in the statements such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe" or other words and terms of similar meaning. InKine's performance and financial results could differ materially from those reflected in these forward-looking statements due to general financial, economic, regulatory and political conditions affecting the biotechnology and pharmaceutical industries as well as more specific risks and uncertainties such as those set forth in its reports on Form 10-Q and 10-K filed with the U.S. Securities and Exchange Commission. Given these risks and uncertainties, any or all of these forward-looking statements may prove to be incorrect. Therefore, you should not rely on any such factors or forward-looking statements. Furthermore, InKine does not intend (and it is not obligated) to update publicly any forward-looking statements. This discussion is permitted by the Private Securities Litigation Reform Act of 1995.BLUE BELL, PA May 12, 2003 -- InKine Pharmaceutical Company, Inc. (Nasdaq: INKP) today announced that it will participate in the 7th annual Friedman Billings Ramsey Technology & Growth Investor Conference, to be held May 28-29, 2003 at the Millennium Broadway Hotel, 145 West 44th Street, New York, NY. Presenters at the conference include over 120 leading companies in technology. Leonard S. Jacob, M.D., Ph.D., Chairman and CEO of InKine, is scheduled to speak at 10:40 AM EDT on May 29, 2003 to discuss the Company’s product portfolio, strategic initiatives and prescription trends.