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[ManicTrader]

IPCI UP 230% FROM MY CALL LAST NITE IN THE ROOM

Every now and then we catch a good one. Saw the news and watched after hours. Watched pre market but hype and buzz didn't happen till later in the day? Very odd.

Press Release Source: Intellipharmaceutics International Inc. On Thursday March 11, 2010, 5:00 pm EST

TORONTO, March 11, 2010 (GLOBE NEWSWIRE) -- Intellipharmaceutics International Inc. (Nasdaq:IPCI - News) (TSX:I - News) today announced that Novartis Pharmaceuticals Corporation and Celgene Corporation have settled their patent suit in the U.S. District Court for the District of New Jersey, and Elan Pharma International Ltd. has settled its patent suit in the U.S. District Court for the District of Delaware, with Intellipharmaceutics Corp., a wholly-owned subsidiary of Intellipharmaceutics International, and its licensee Par Pharmaceutical, Inc. over a generic version of the Attention Deficit Hyperactivity Disorder drug Focalin XR(R) (dexmethylphenidate hydrochloride). The terms of the settlements are confidential and remain subject to regulatory and court approval
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