Elite Pharmaceuticals Inc (ELTP): FDA Ad Com thumbs down on Intellipharma...

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Wednesday, 07/26/2017 4:44:01 PM

Wednesday, July 26, 2017 4:44:01 PM

FDA Ad Com thumbs down on Intellipharmaceutics' oxycodone
Jul. 26, 2017 4:41 PM ET|By: Douglas W. House, SA News Editor
Intellipharmaceutics (NASDAQ:IPCI) is poised for a significant down move after the FDA's Advisory Committees rejected its marketing application for an abuse-deterrent extended-release formulation of oxycodone.
Vote was 22 - 1 against approval.
Vote was 19 - 4 against properties of Rexista sufficient to deter IV abuse. Unanimous opinion that more data are needed to support claim of IV abuse deterrence

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