Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

WHOOOOAAAHH - I FOUND IT!!!
http://www.in-pharmatechnologist.com/Ingredients/Pain-Therapeutics-and-King-Pharma-enter-opioid-alliance

A MUST READ FOR EVERYONE TO REALIZE IPCI's POTENTIAL.

My memory served me pretty well - BUT... it's even better than I remembered.

I thought that Pfizer/King paid Pain 20% from which Pain would kick back 9.1% to Durect, but that's not the case - King/Pfizer pays Pain 20% (after $1 billion Sales) PLUS... it pays the Durect 9.1% royalty - that's a total of 30% royalty for a drug that needed 100's millions $ more spent on it, and years of time - Rexista is "ready to go", so what is Rexista worth???

$150 million up front payment
$150 million regulatory development milestones
$ 15 million acceptance of filing
$ 15 million FDA approval
$100 million in research to be spent to develop it

$430 MILLION TOTAL - IN CASH - PLUS 15% royalties on SALES for first $ billion and 20% thereafter.

Based on the reality of the #s in that CONSUMMATED deal, my numbers are FAR from pie in the sky, but very close to the reality of what should happen.

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