IntelGenx Technologies Corp (IGXT)

[chris8sirhc]

Hello,

I spent the weekending talking to 4 pharmacists, 2 psychiatrists, and a 1 owner of a private pharmacy. I hate to be the bearer of bad news, but not a single person had anything positive to say about their new drug. I even posted questions on a few message boards that center on psych drugs, but received no responses.

http://www.crazymeds.us/CrazyTalk/index.php?/topic/16121-new-450mg-generic-approved-just-by-fda/

Basically they all said:
We will still have to carry the 300 and 150 mg generic versions, so there will be in increase in costs to the pharmacies to carry the new 450mg version as well. I asked about the claim that one pill could reduce the incidence of addiction bc it keeps them from taking "a little extra" and they said the benefit of that would be rare, and in those cases it would be special ordered at a pharmacy.

I sold all my shares in this stock this morning. I do not believe that there is much to gain in the short term. If my research is correct, it could explain why nobody has jumped to partner up with them to sell/distribute this drug.

Maybe someone will partner with them and that announcement will send the pps back up, but my research still indicates that this drug will have a hard time making serious money.