Intellipharmaceutics International Inc. (IPCI)

[J_Cali]

My guess would be Dec. 20 but for sure by the SuperBowel!
Rationale for the 20th is 10 days after the notice of patent is sent I believe it's published. I think the pdufa will come before the FDA gov. Employees go on their holiday leave.

The before the SuperBowel estimate is based on $4.5m cash on hand in October if they repaid the $1m loan in a Dec. and we burn $2m a qtr that means a deal to prevent dilution if they are truly close needs to happen next month or we go down before we go up again.

I think nda acceptance by the FDA is key. Rexista doesn't have Podras and let's say we get approval in sept. 2017. Human studies in 2018 and rexista with Podras on the market near the end 2019 at best.

Wild cards any of the ANDAs approvals could come any day now