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Polydex Pharmaceuticals Issues Interim Report on Business Operations

Published in AIDS Weekly and Law, March 8th, 2007

Polydex Pharmaceuticals Limited (NASDAQ:POLXF) George Usher, President and CEO of Polydex Pharmaceuticals Limited, issued the following interim report on the state of the business operations of the Company.

After the recent sudden halt of the Ushercell clinical trials, our management felt that this message should be imparted to shareholders at this time.

The cancelled trial status has not impacted the Company's existing sales or revenue, nor has it affected our daily business operations.

The state of our business operations remains strong. Sales and revenue have been growing in recent years. We have worked on reducing our operating expenses and increasing...

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