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QRxPharma Limited and China Aoxing Pharmaceutical Company Announce Strategic Alliance for Development of MoxDuo(R)IV
Date:2/23/2010

BEDMINSTER, N.J. and SYDNEY, Feb. 23 /PRNewswire-FirstCall/ -- QRxPharma Limited (OTCQX: QRXPY and ASX:QRX), and China Aoxing Pharmaceutical Company (OTCBB: CAXG) ("China Aoxing") announced today a strategic alliance to collaborate in the development of MoxDuo®IV, an intravenous formulation of QRxPharma's patented morphine and oxycodone Dual-Opioid™ technology for the acute treatment of moderate to severe pain.  Under the terms of the agreement, China Aoxing will fund the development of MoxDuo®IV for the China market in exchange for exclusive marketing rights in China.  QRxPharma will retain ownership of MoxDuo®IV and may use the clinical work completed by China Aoxing for product registration purposes outside of China.  


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