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IntelliPharmaCeutics Spikes Over 12% Higher on Settlement for Generic Version of Effexor

IntelliPharmaCeutics (NASDAQ: IPCI) spikes over 12% higher on the settlement for a generic version of Effexor.

The company was granted a non-exclusive license to the patents in suit that will permit Intellipharmaceutics to launch a generic of Effexor XR in the United States following U.S. Food and Drug Administration approval of this product.

IntelliPharmaCeutics is currently trading at $3.85 per share.

Posted-In: Intraday Update

 

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