Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

IPCI has a 20 day window from the time of the FDA acceptance of the Rexista filing in which it needs to inform Perdue of their Paragraph 4 challenge on OxyContin ... so from ~ February 2nd when IPCI received acceptance it takes us to ~ February 22nd.

From there, Perdue has 45 days to respond... which takes us to ~ April 8th as the LATEST we should know if there is a law suit.

Of course... IPCI might have sent out the notice to Perdue on February 2nd which would put us at March 20th for Perdue to respond... and additionally, Perdue does not necessarily need to wait 45 days, and... IPCI might have become aware of the acceptance even before Feb 2nd.

What we know as fact however... is that we will know for sure by April 8th if there is a law suit.

Whether or not Perdue sues would be a consideration in the partnership, and I believe that may be a holdback in the contract... however I still get the feeling that they plan on closing the Odidi's debenture which becomes due April 1st, which means they would expect a sum of money before that... which perhaps means they expect to partner before April 1st... which makes the time period of March 20th to April 1st very interesting.

All the above is strictly a gut feeling, and not based on any facts.