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Pharmos Corporation to Present at the Rodman & Renshaw
Techvest Healthcare Conference

Iselin NJ, October 15, 2003 – Pharmos Corporation (Nasdaq: PARS and Nasdaq Europe: PHRM) announced today Dr. Haim Aviv, Chairman & CEO, will present to institutional investors and analysts attending the Rodman & Renshaw Techvest Healthcare conference in Boston on Tuesday, October 21, at 3:00 p.m. Eastern Time. Pharmos’ presentation will concentrate on dexanabinol, the Company’s lead compound under development, currently being tested clinically for traumatic brain injury (Phase III trial) and mild cognitive impairment in cardiac surgery patients (Phase IIa). The presentation will also outline other areas of therapeutic potential held within the Company’s rich neurological pipeline.

A simultaneous audio-only webcast of Pharmos’ presentation will be available at http://www.wallstreetwebcasting.com/webcast/rrshq/pars/, and will be archived for a limited time after the conference. The slides to the presentation will be available on Pharmos’ website at http://www.pharmoscorp.com/ .

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 TBI and as a preventive agent against post-surgical cognitive impairment. Other dextrocannabinoid compounds and selective CB2 receptor agonist compounds from Pharmos' proprietary synthetic cannabinoid library are being studied in pre-clinical programs targeting a variety of other disorders.

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.

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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