Regulatory Catalyst, Generic Drug Index Updates: $IPCI
Shares of Intellipharmaceutics (NASDAQ: IPCI) surged 172% today following a patent litigation settlement announcement after the market close on Thursday for a generic formulation of Focalin XR that is licensed to Par Pharma (NYSE: PRX). $IPCI is a component in both the HavRx Generic Drug and Regulatory Catalyst indexes and is awaiting a FDA decision along with $PRX for a pending ANDA for Dexmethylphenidate XR as a generic formulation of the ADHD drug Focalin XR.
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