Intellipharmaceutics announces patent litigation by Purdue against Rexista [Seeking Alpha]
INTELLIPHARMACEUTICS (IPCI)
Last intellipharmaceutics earnings: 10/15 05:15 pm
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US:NASDAQ Investor Relations:
ir.intellipharmaceutics.com
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Source: Seeking Alpha
Intellipharmaceutics International (NASDAQ: IPCI ) announces that Purdue Pharma L.P., Purdue Pharmaceuticals L.P., The P.F. Laboratories (collectively, “Purdue”), Rhodes Technologies, and Grünenthal GmbH (collectively, “plaintiffs”) have commenced patent infringement proceedings against the Company in the U.S. District Court for the District of Delaware in respect of the Company’s New Drug Application (NDA) filing for its Rexista product candidate (abuse-deterrent oxycodone hydrochloride extended release tablets) with the FDA. Intellipharmaceutics had previously filed its NDA for its Rexista product candidate which allowed the company to refer data from Purdue’s OxyContin extended release oxycodone hydrochloride then in the market in the U.S. The Company then certified to the FDA that it believed that Rexista would not infringe any of the sixteen patents owned by one or more of the plaintiffs, or that such patents are invalid, and it so notified the plaintiffs of such cer
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