Business Editors/Legal Writers

NEW YORK----Lerach Coughlin Stoia
Geller Rudman + Robbins LLP ("Lerach Coughlin")
(http://www.com. According
to the press release: (i) Dexanabinol did not show a neuroprotective
effect in a comprehensive study of 861 patients that had begun more
than a year prior to the announcement; and (ii) Dexanabinol was
ineffective for treating traumatic brain injuries. Multi-Platinum Artist Mandy Moore serves as the National Honorary
Chairperson of the Society's School + Youth Programs .

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Lerach Coughlin Stoia Geller Rudman + Robbins LLP Files Class Action Suit against Pharmos Corp.

If you are a member of this class, you
can view a copy of the complaint as filed or join this class action
online at http://www.
The Complaint alleges that, throughout the Class Period,
defendants touted the efficacy of Dexanabinol, a drug in development
to treat a range of neuro-inflammatory disorders, which caused the
Company's stock price to increase from $1.,
Houston, Philadelphia and Seattle, is active in major litigations
pending in federal and state courts throughout the United States and
has taken a leading role in many important actions on behalf of
defrauded investors , consumers, and companies, as well as victims of
human rights violations.lerachlaw.
Currently , leukemia is the leading cause of cancer-related death in
children and young adults under the age of 20.
In the 2004-2005 school year, more than $13 million was raised by
8 million students from 16,000 schools throughout the country.

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com/cases/pharmos/) today announced that a class
action lawsuit has been commenced in the United States District Court
for the District of New Jersey on behalf of purchasers of Pharmos
Corp.com/cases/pharmos/. Classrooms compete to win a pizza or
pasta party and gift certificates for school supplies, electronics and sports
equipment.

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("Pharmos") (NASDAQ:PARS ) common stock during the period between
June 9, 2003 and December 17, 2004 (the "Class Period").

The complaint charges Pharmos and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.18 per share, losing 66% of their value.



For more information, contact Stacey Macphearson at (972) 354-8310 or
visit http://www.

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Any member of the
purported class may move the Court to serve as lead plaintiff through
counsel of their choice , or may choose to do nothing and remain an
absent class member.

Loflin Middle School Students Raise More Than $5 000 for The Leukemia + Lymphoma Society's Pasta for Pennies Program

Fate would soon take a turn for the worst for one young
student. To
prevent further devastation of healthy cells in his body, Logan was placed
into a drug-induced coma after his initial diagnosis in January.

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Rudman or David A.40 per share on June 9,
2003, and traded above $4 per share at different times during the
Class Period. The plaintiff is
represented by Lerach Coughlin, which has expertise in prosecuting
investor class actions and extensive experience in actions involving
financial fraud.

Lerach Coughlin, a 140-lawyer firm with offices in San Diego, San
Francisco, Los Angeles, New York, Boca Raton, Washington, D. With their spare change, in three weeks
the students at Loflin Middle School raised more than $5,000 for blood cancer
research and patient aid. The society's mission is to cure leukemia, lymphoma, Hodgkin's
disease and myeloma, and to improve the quality of life of patients and their
families.

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On December 20, 2004, defendants shocked the investing public when
they issued a press release announcing the results from Pharmos' Phase
III trial of Dexanabinol for Severe Traumatic Brain Injury.

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Prior to the disclosure of this adverse information, Pharmos: (i)
completed a December 2003 public stock offering, receiving over $31
million in net proceeds, and an August 2004 private placement,
receiving $16.

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3 million.
Today, Logan is at home, awaiting his last four chemotherapy treatments. During 1995-2001, the overall
relative survival rate for AML was 52 % for children under the age of 15. However, there is still time
for additional schools to get involved .org/ntx . Innovations in cancer treatment over
the years have included radiation and chemotherapy , stem cell transplantation
and new targeted therapies that kill cancer cells without harming normal
cells.

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Lerach Coughlin lawyers have been responsible
for more than $20 billion in aggregate recoveries .schoolandyouth.

Stories of personal experiences with brain injury.

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"This is a tremendous achievement for Loflin Middle
School, and we are very grateful for their support of the Society," comments
Stacey Macphearson, The Leukemia + Lymphoma Society's School + Youth Programs
Campaign Director.

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lerachlaw . The Pennies
program has already kicked off for this year.

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If you wish to discuss this action or have
any questions concerning this notice or your rights or interests,
please contact plaintiff 's counsel, Samuel H.
Rosenfeld of Lerach Coughlin at 800/449-4900 or 619/231-1058 or via
e-mail at wsl@lerachlaw.
Pharmos is a bio-pharmaceutical company that discovers and develops
new drugs to treat a range of neuro-inflammatory disorders. Upon this shocking
news, shares of Pharmos fell precipitously from $3.50 per share to
$1. The Lerach Coughlin
Web site (http://www.com) has more information about the
firm.

The Leukemia + Lymphoma Society is the world's largest voluntary health
organization dedicated to funding blood cancer research, education and patient
services .

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75 million in proceeds; and (ii) obtained a grant of
$3.

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If you wish to serve as lead plaintiff , you must move the Court no
later than March 25, 2005.C.

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1 million from the Office of the Chief Scientist of Israel
purportedly to support development of Dexanabinol. What started
out as a simple service -learning project quickly became a call-to-action for
students at Loflin.

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Since its founding in 1949 , the Society has invested more than
$424 million for research specifically targeting blood cancers to over
425 researchers in 120 institutions worldwide.

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lerachlaw. Specifically, Defendants led the market to believe that
Dexanabinol was a less potent blocker of glutamate, as compared to
other drugs, and was effective in preventing swelling in the brain
following injury. Moreover, between
November 7, 2003 and December 1, 2004, Pharmos Chairman Haim Aviv and
President and Chief Operating Officer Gad Riesenfeld, together sold
more than 800,000 shares of Pharmos at inflated prices, receiving
proceeds equaling almost $3.


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Society-funded research has
led to key advances in understanding blood cancers and has produced new
treatments to enhance and prolong lives.

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Eighth-grade student , Logan Winn, was diagnosed with acute myeloid
leukemia (AML) the day before the program was kicked off at Loflin.
In an ironic turn of events, the students and faculty at Loflin quickly
rallied together in support of Logan.

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Plaintiff seeks to recover damages on behalf of all purchasers of
Pharmos common stock during the Class Period.

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JOSHUA, Texas, Donna Southerland, 7th grade
counselor at Loflin Middle School, signed her school up for The Leukemia +
Lymphoma Society's Pasta for Pennies program in early January.

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