InKine Pharmaceutical Appoints Stephen M. Casey as Vice President of Sales and Marketing.

BLUE BELL, Pa.--(BUSINESS WIRE)--Nov. 8, 1999--

InKine Pharmaceutical Company, Inc, (Nasdaq: INKP) today announced the appointment of Stephen M. Casey as Vice President of Sales and Marketing. Mr. Casey will be responsible for implementing the commercial launch strategy of Diacol, as well as other products that InKine develops.

Mr. Casey joins InKine from Schwarz Pharma Inc., where he was in a variety of marketing and sales positions of increasing responsibility since 1988. Most recently he was the Director of Management of Axcan Schwarz LLC, which was the joint venture between Axcan Pharma, a gastrointestinal pharmaceutical company and Schwarz Pharma. Mr. Casey oversaw the successful launch of URSO (ursodiol tablets) for the treatment of Primary Biliary Cirrhosis (PBC) a rare liver disease. Earlier in Mr. Casey's career he was marketing manager for all of Schwarz's gastrointestinal products including CoLyte,(TM) a liquid purgative product. In addition to overseeing the integration of all gastrointestinal products acquired by Schwarz Pharma, Mr. Casey also helped train the substantial sales forces acquired from Reed & Carnrick and Central Pharmaceuticals.

"We are fortunate to have attracted such an accomplished executive to oversee the commercial launch of Diacol"(TM) said Leonard S. Jacob, M.D., Ph.D., Chairman and Chief Executive Officer of InKine. "Steve brings to InKine a wealth of marketing and sales experience in gastrointestinal products which should benefit InKine as we prepare our marketing and sales strategies for Diacol, our purgative agent in tablet form for adult patients undergoing colonoscopic evaluation."

InKine Pharmaceutical Company, Inc, is a publicly traded, biopharmaceutical company with two late-stage clinical compounds: Diacol, a purgative product for colonoscopies and other procedures and uses; and CBP-1011, a steroid molecule for treatment of Idiopathic Thrombocytopenic Purpura (ITP). The Company is focused on the diagnosis and treatment of cancer and autoimmune diseases, and has the additional strategy of acquiring late-stage drug candidates with short time lines to commercialization. Support of early-stage product opportunities comes through its university-based sponsored research agreements.

This announcement contains certain forward-looking statements that are subject to risks and uncertainties, including in particular the statement regarding the commercial launch of Diacol. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from those currently anticipated as a result of a number of factors, including, but not limited to, the risks and uncertainties discussed under "Other Factors to be Considered" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 1999, as filed with the Securities and Exchange Commission.