The stock of IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI) is a huge mover today! About 406,998 shares traded hands. IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI) has risen 31.53% since March 16, 2016 and is uptrending. It has outperformed by 25.98% the S&P500.
The move comes after 8 months positive chart setup for the $82.45M company. It was reported on Oct, 19 by Barchart.com. We have $4.82 PT which if reached, will make NASDAQ:IPCI worth $52.77 million more.
According to Zacks Investment Research, “Intellipharmaceutics International Inc. is engaged in the research, development, and commercialization of controlled-release and targeted pharmaceutical products. Its products include Effexor XR and Protonix. The Company offers products in different stages of development in therapeutic areas, including neurology, cardiovascular, and GIT. Intellipharmaceutics International Inc. was formerly known as IntelliPharmaCeutics Ltd. and is based in Toronto, Canada.”
Another recent and important IntelliPharmaCeutics Intl Inc (USA) (NASDAQ:IPCI) news was published by Schaeffersresearch.com which published an article titled: “Buzz Stocks: Ericsson, Newell Brands Inc, and IntelliPharmaCeutics Intl Inc (USA)” on October 12, 2016.
IPCI Company Profile
Intellipharmaceutics International Inc., incorporated on October 22, 2009, is a pharmaceutical firm specializing in the research, development and manufacture of controlled-release and targeted-release oral solid dosage drugs. The Company’s Hypermatrix technology is a multidimensional controlled-release drug delivery platform that is applied to the development of a range of existing and new pharmaceuticals. Based on this technology platform, the Company has developed several drug delivery systems and a pipeline of products and product candidates at various stages of development in therapeutic areas that include neurology, cardiovascular, gastrointestinal tract (GIT), diabetes and pain. The Hypermatrix family of technologies includes IntelliFoam, IntelliGITransporter, IntelliMatrix, IntelliOsmotics, IntelliPaste, IntelliPellets, IntelliShuttle, Point of Divergence Drug Delivery System (nPODDDS) and Paradoxical OverDose Resistance Activating System (PODRAS).
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