MARKHAM, Ontario, Sept. 5, 2007 (PRIME NEWSWIRE) -- AlphaRx Inc. (OTCBB:ALRX) today announced the expiration of 48,213,805 common stock purchase warrants. These warrants were issued in conjunction with a September 2004 private placement.
After expiration of these warrants there are approximately 57,808,112 shares issued and outstanding on a primary basis, and approximately 102,234,774 shares on a fully diluted basis.
About AlphaRx Inc.
AlphaRx is a specialty pharmaceutical company utilizing proprietary site-specific nanoparticulate drug delivery systems to develop novel formulations of drugs that are insoluble or poorly soluble in water or have yet to be administrable to the human body with an acceptable delivery method.
Forward Looking Statements:
This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the companies.