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    Phosphagenics will convene a medical advisory panel as soon as possible to prioritise
    the pain indication it will pursue first for the TPM/oxycodone patch. Once the indication
    has been selected, the Company will seek ethics approval for a Phase 2 clinical trial, to
    establish efficacy of the patch in providing relief from pain. Phosphagenics believes that
    the unique drug delivery properties of TPM® will provide it with the opportunity to develop
    the first opioid product to be approved for treatment of a neuropathic pain indication.
 
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