Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

Timeline:

February 2nd - FDA accepts IPCI's NDA filing for Rexista.

By: February 22nd - Within 20 days of FDA acceptance... IPCI notifies Purdue of their Paragraph 4 challenge.

By: April 8th - Within the 45 day allowance... Purdue must file lawsuit against IPCI's Rexista for patent infringement... or forever hold their peace.

That of course... is the latest possible scenario.

If IPCI submitted the challenge on same day they received FDA acceptance (February 2nd) then the 45 day period Purdue had, to mount a lawsuit, would have expired last Monday March 20th.

Opening day trout fishing is Saturday April 9th - so if no news by April 8th, I will have a good time fishing.