We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Intellipharmaceutics Submits NDA for Pain Treatment Rexista
Read MoreHide Full Article
Intellipharmaceutics International Inc. announced that it has filed a new drug application (NDA) with the FDA for Rexista (abuse-deterrent oxycodone hydrochloride extended release tablets) in the 10 mg, 15 mg, 20 mg, 30 mg, 40 mg, 60 mg and 80 mg strengths.
The company is looking to get Rexista approved for the management of pain, severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate.
We note that Rexista is a bioequivalent of Purdue Pharma’s OxyContin (oxycodone hydrochloride extended release).
Notably, this marks Intellipharmaceutics’ first regulatory submission in the U.S. Upon approval, Rexista could be the first abuse-deterrent oxycodone product that not only resists common forms of abuse but also provides a preventive tool that flags early signs of abuse.
The company has identified potential manufacturing partners and is currently evaluating various manufacturing options for Rexista in the U.S.
Meanwhile, in Oct 2016, Intellipharmaceutics entered into a license and commercial supply agreement with Mallinckrodt Public Limited Company , granting the latter an exclusive license to market, sell and distribute generic Seroquel XR, Pristiq and Lamictal XR in the U.S., for which Intellipharmaceutics has filed abbreviated NDAs. While generic version of Seroquel XR has been tentatively approved by the FDA, generic versions of Pristiq and Lamictal are currently under review.
Intellipharmaceutics currently carries a Zacks Rank #3 (Hold).
Incyte’s earnings estimates increased from 23 cents to 64 cents for 2016 and from $1.46 to $1.68 for 2017 over the last 30 days. The company posted a positive average beat of 431.43% over the last four quarters.
Arbutus’ loss estimates narrowed from $2.15 to $1.74 for 2016 and from $1.96 to $1.51 for 2017 over the last 30 days. The company posted positive surprises thrice in the four trailing quarters with an average beat of 59.31%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Intellipharmaceutics Submits NDA for Pain Treatment Rexista
Intellipharmaceutics International Inc. announced that it has filed a new drug application (NDA) with the FDA for Rexista (abuse-deterrent oxycodone hydrochloride extended release tablets) in the 10 mg, 15 mg, 20 mg, 30 mg, 40 mg, 60 mg and 80 mg strengths.
The company is looking to get Rexista approved for the management of pain, severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate.
We note that Rexista is a bioequivalent of Purdue Pharma’s OxyContin (oxycodone hydrochloride extended release).
Notably, this marks Intellipharmaceutics’ first regulatory submission in the U.S. Upon approval, Rexista could be the first abuse-deterrent oxycodone product that not only resists common forms of abuse but also provides a preventive tool that flags early signs of abuse.
The company has identified potential manufacturing partners and is currently evaluating various manufacturing options for Rexista in the U.S.
Meanwhile, in Oct 2016, Intellipharmaceutics entered into a license and commercial supply agreement with Mallinckrodt Public Limited Company , granting the latter an exclusive license to market, sell and distribute generic Seroquel XR, Pristiq and Lamictal XR in the U.S., for which Intellipharmaceutics has filed abbreviated NDAs. While generic version of Seroquel XR has been tentatively approved by the FDA, generic versions of Pristiq and Lamictal are currently under review.
Intellipharmaceutics currently carries a Zacks Rank #3 (Hold).
INTELLIPHARMACT Price
INTELLIPHARMACT Price | INTELLIPHARMACT Quote
Stocks to Consider
A couple of better-ranked stocks in the healthcare sector include Incyte Corporation (INCY - Free Report) and Arbutus Biopharma Corporation (ABUS - Free Report) . Arbutus sports a Zacks Rank #1 (Strong Buy), while Incyte carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Incyte’s earnings estimates increased from 23 cents to 64 cents for 2016 and from $1.46 to $1.68 for 2017 over the last 30 days. The company posted a positive average beat of 431.43% over the last four quarters.
Arbutus’ loss estimates narrowed from $2.15 to $1.74 for 2016 and from $1.96 to $1.51 for 2017 over the last 30 days. The company posted positive surprises thrice in the four trailing quarters with an average beat of 59.31%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>