Intellipharmaceutics International Inc. (IPCI)

[Tekterra]

Elite is OTC and about the same as IPCI, however they have successfully filed first NDA. On the other hand, IPCI is preparing to file its very first NDA. Pain Therapeutic seems to be more mature than IPCI.

I think IPCI will be valued differently after it successfully file Rexista NDA. Rexista NDA seems to be a milestone of a young company taking that first step. My opinion is like what I said before that IPCI hasn't proved its worth. They have 2 ANDAs that's not really worth much in value and just about to file the first NDA.