WEX PHARMA DISSIDENTS SEEK BOARD OUSTER; SHARES UP

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Shares of Wex Pharmaceuticals Inc. (WXI.TO: Quote, Profile, Research) shot up more than 20 percent on Tuesday after dissident shareholders said they would seek to replace the board of the tiny drug company at a meeting in January. Wex, which is developing a painkiller using poison from the deadly blowfish, saw its share price jump 33 Canadian cents, or 22 percent, to C$1.84. The stock has lost about half its value since the beginning of the year.

Reuters (http://today.reuters.com/investing/financeArticle.aspx?type=hotStocksNews&storyID=URI:urn:newsml:reuters.com:20051115:MTFH68089_2005-11-15_18-48-20_N15514819:1)