words of CEO.... FOCALIN XR is the FIRST of 15 product to come on the market in the next 2 years... AT least 4 product in 2014. STRONG BUY
"We are extremely pleased about the filing of the stipulations of dismissal of the litigation involving our lead ANDA product, a generic version of the controlled-release drug Focalin XR.," commented Dr. Isa Odidi, CEO and co-founder of Intellipharmaceutics. "This action is an important step in bringing the first of the 15 products in our pipeline to market."
The parties, Intellipharmaceutics, Par, Novartis Pharmaceuticals Corporation, Novartis Pharma AG, Celgene Corporation, Elan Corporation, PLC and Elan Pharma International Ltd., have also entered into license agreements in conjunction with the settlements of the litigation concerning the Company's generic drug application in the FDA for 5, 10, 15 and 20 mg strengths of dexmethylphenidate hydrochloride. Pursuant to the license agreements, Intellipharmaceutics and Par are granted fully paid up, royalty-free, non-exclusive licenses under the relevant patents pertaining to Focalin XR®. These licenses will permit Par to market, offer for sale, sell or take orders in the U.S. starting in October 2012 (or earlier in limited circumstances) for any of the Company's 5, 10, 15, and 20 mg strengths of dexmethylphenidate hydrochloride XR capsules that have received final FDA approval. The Company has a ten year profit-sharing agreement with Par for the sale of dexmethylphenidate hydrochloride XR capsules in the U.S., which commences with the commercial launch of the product by Par. Additional details of the license agreement remain confidential.
indeed, a market cap of 65 mil for a company with a FDA approval and a possible income of 40 mil/year from this approval. So making profit in 2014 and 4 more FDA approvals to come this year.... fair value??? imo around 250mil at this point or 12 dollar/share and 3 dollar extra for every new FDA approval in 2014...
picked up another 10000 this morning myself... And i tought my first buy at 3.8 was already crazyly low... it will be more than a double from here... (if you hold till end 2014 I say a 5 bagger)
yes, we can repeat it and repeat it time after time... but where do we need to do that for... 2014 will be SUPER for IPCI and the stockholders. Who doesn't want to listen will have to feel it (shorts). Holding till at least 2015.
SA autors are just writing for there own pockets... those that are short will bash and those that are long will pump... Do what you think is best.
would be great. But Sierra isn't the most correct reviewer out there... But still i realy think we WILL see news this week. glta
Sold half my pos at 1.81 yesterday... the rest i'll see. glta longs
indeed. Bump... it is just a matter of time (short periode) to get this to 10 dollar and within years IPCI will trade over 30 dollar. Yes sign up for this 10 bagger. glta l
In companies like IPCI picking up money from the market at market price is a good thing. You will see... IPCI will move up again soon.
NO, ONLY 3...? lol. you find me another company trading under 100.000.000 cap that has 1 drug app and 3 to be app every day now... and 4 more in the next year.
In the very short time indeed. Most of the time a stock goes down just after the news of an offering. But often it is followed buy good news and a runup where the shares get sold. I'm expecting good news next week. We know IPCI is doing the right thing. Buying back an 0.8mil loan and the rest will get invested in the company. Money makes money. The money they get from the market is not gone, so the stock should in fact not move at all.