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AlphaRx Inc.: AlphaRx Enters Into Joint Venture Agreement With Leading Chinese Marketing Company to Distribute Its Proprietary Pharmaceutical and Consumer Product Lines Throughout Asia

Mon, 1 May 2006 5:00:00 PDT

MARKHAM, ON (MARKET WIRE) AlphaRx Inc. (OTC BB: ALRX), an emerging biopharmaceutical company utilizing proprietary drug delivery technology to develop novel formulations of drugs, announced today that its wholly owned subsidiary, AlphaRx International Holdings Limited ("AIH"), has entered into a Joint Venture Agreement, ("JV") with a leading Chinese marketing company (the "China Party"), to establish a Joint Venture Company ("JV

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