Blueprint
Intellipharmaceutics Signs a Second Exclusive License and
Commercial Supply Agreement with Tris Pharma, Inc.
Toronto, Ontario September 5, 2019 Intellipharmaceutics
International Inc. (OTCQB:
IPCIF and TSX: IPCI)
(“Intellipharmaceutics” or the “Company”),
a pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs, announced today that it
has entered into a license and commercial supply agreement with
Tris Pharma, Inc. ("Tris"), by which the Company has granted Tris
an exclusive license to market, sell and distribute in the United
States, Desvenlafaxine Succinate ER in the 50 and 100 mg strengths
(the "licensed products") approved for sale in the U.S. market by
the U.S. Food and Drug Administration ("FDA").
Several
other generic versions of the licensed products are currently
available in the market. There can be no assurance that the
licensed products will be successfully commercialized or produce
significant revenue, or any revenue for the Company.
About Intellipharmaceutics
Intellipharmaceutics
International Inc. is a pharmaceutical company specializing in the
research, development and manufacture of novel and generic
controlled-release and targeted-release oral solid dosage drugs.
The Company's patented Hypermatrix™ technology is a
multidimensional controlled-release drug delivery platform that can
be applied to a wide range of existing and new pharmaceuticals.
Intellipharmaceutics has developed several drug delivery systems
based on this technology platform, with a pipeline of products
(some of which have received FDA approval) in various stages of
development. The Company has ANDA and NDA 505(b)(2) drug product
candidates in its development pipeline. These include the Company's
abuse-deterrent oxycodone hydrochloride extended release
formulation ("Oxycodone ER") based on its proprietary
nPODDDS™ novel Point Of Divergence Drug Delivery System (for
which an NDA has been filed with the FDA), and Regabatin™ XR
(pregabalin extended-release capsules).
Cautionary Statement Regarding Forward-Looking
Information
Certain statements in this document constitute "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and/or "forward-looking
information" under the Securities Act (Ontario). These
statements include, without limitation, statements expressed or
implied regarding our expectations regarding our plans, goals and
milestones, status of developments or expenditures relating to our
business, plans to fund our current activities, and statements
concerning our partnering activities, health regulatory
submissions, strategy, future operations, future financial
position, future sales, revenues and profitability, projected costs
and market penetration and risks or uncertainties related to our
ability to comply with OTCQB and TSX requirements. In some cases,
you can identify forward-looking statements by terminology such as
"appear", "unlikely", "target", "may", "will", "should", "expects",
"plans", "plans to", "anticipates", "believes", "estimates",
"predicts", "confident", "prospects", "potential", "continue",
"intends", "look forward", "could", "would", "projected", "goals",
"set to", "seeking" or the negative of such terms or other
comparable terminology. We made a number of assumptions in the
preparation of our forward-looking statements. You should not place
undue reliance on our forward-looking statements, which are subject
to a multitude of known and unknown risks and uncertainties that
could cause actual results, future circumstances or events to
differ materially from those stated in or implied by the
forward-looking statements. Risks and uncertainties relating to us
and our business can be found in the "Risk Factors" section of our
latest annual information form, our latest Form 20-F, and our
latest Form F-1 and Form F-3 registration statements (including any
documents forming a part thereof or incorporated by reference
therein), as amended, as well as in our reports, public disclosure
documents and other filings with the securities commissions and
other regulatory bodies in Canada and the U.S., which are available
on www.sedar.com and www.sec.com. The forward-looking statements
reflect our current views with respect to future events and are
based on what we believe are reasonable assumptions as of the date
of this document and we disclaim any intention and have no
obligation or responsibility, except as required by law, to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
Trademarks used herein are the property of their respective
holders.
Unless the context otherwise requires, all references to "we,"
"us," "our," "Intellipharmaceutics," and the "Company" refer to
Intellipharmaceutics International Inc. and its
subsidiaries.
CONTACT INFORMATION
Company
Contact:
Intellipharmaceutics
International Inc.
Greg
Powell
Chief
Financial Officer
416.798.3001
ext. 106
investors@intellipharmaceutics.com