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Pharmos Corporation to Present at Friedland Capital's
Biotech, Medical and Healthcare Conference
Featuring Companies Covered by J. M. Dutton & Associates

Iselin NJ, September 23, 2003 - Pharmos Corporation's (Nasdaq: PARS - News) Executive VP & Chief Financial Officer, Robert W. Cook, will present at 12:20 pm Eastern Time on September 24th at Friedland Capital's Biotech, Medical and Healthcare Conference, featuring companies covered by the research firm J. M. Dutton & Associates, at the Harvard Club in New York City. Mr. Cook will present Pharmos' corporate message to key members of the investment community including portfolio managers, analysts, brokers and investment bankers. The presentation will be webcast live at http://www.friedlandcapitalevents.com/duttonwebcast.htm and will be available for replay in an archived version at the same location for 60 days.

About Pharmos Corporation
Pharmos discovers, develops, and commercializes novel therapeutics to treat a range of indications, in particular neurological and inflammation-based disorders. The Company's first neuroprotective product is dexanabinol, a tricyclic dextrocannabinoid, currently undergoing clinical testing as a treatment for traumatic brain injury and as a preventive agent against post-surgical cognitive impairment. Other dextrocannabinoid compounds and CB2 receptor agonist compounds from Pharmos' proprietary synthetic cannabinoid library are being studied in pre-clinical programs targeting a variety of other disorders. For more information on Pharmos, please visit www.pharmoscorp.com.

About Friedland Capital
Friedland Capital has been in business since 1979. The US based corporate finance advisory firm and its principals have assisted emerging growth companies worldwide in enhancing shareholder value and achieving their US corporate finance objectives. Friedland Capital is also the world's largest sponsor of financial community and investment events, sponsoring over 150 conferences and luncheons annually in 18 US cities and three European cities, and bringing together publicly-traded global companies with the financial community in a variety of industry sectors. Friedland Capital events provide companies a platform to showcase their management teams, company strategy and business plans. Friedland Capital has offices in New York, New Jersey, Chicago and Denver. For more information regarding Friedland Capital, please visit www.friedlandcapitalevents.com.

About JM Dutton & Associates
J.M. Dutton & Associates is an investment research firm that offers high-quality, independent, fundamental research primarily on small-cap companies. These companies are principally U.S.-traded companies, including issuers of ADRs, and are based in North America, the United Kingdom, Israel, and other EU countries. J.M. Dutton research reports and notes are available on the worldwide institutional systems of Bloomberg Professional System and First Call. Zacks, Multex, and many others also carry their reports and notes. All the major consensus estimates -- First Call, Zacks, Multex, and the JCF


GROUP in Europe -- include the JM Dutton & Associates estimates and stock
rating.

Statements made in this press release related to the business outlook and future financial performance of the Company, to the prospective market penetration of its drug products, to the development and commercialization of the Company's pipeline products and to the Company's expectations in connection with any future event, condition, performance or other matter, are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties which may cause results to differ materially from those set forth in these statements. Additional economic, competitive, governmental, technological, marketing and other factors identified in Pharmos' filings with the Securities and Exchange Commission could affect such results.

 

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