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whatisthecolorofmone

06/04/11 12:33 AM

#451 RE: homdance #448

IGXT has a Blockbuster Cannabis Drug in Late Stage

CEO says >> Big Partner deal for Blockbuster Cannabis Drug to conclude this year .


IntelGenx Acquires Full Ownership and Exclusive Rights to MS Induced Pain Product
http://finance.yahoo.com/news/IntelGenx-...

IntelGenx Corp. (TSX-V:IGX - News)(OTC.BB:IGXT - News) ("IntelGenx") today announced that it has acquired exclusive rights to, and ownership of, INT0010, an improved formulation of THC (dronabinol) for the symptomatic management of Multiple Sclerosis (MS) induced neuropathic pain and chemotherapy induced nausea. These markets are multi-billion dollar markets worldwide, and believed to be growing.

"We are very excited to have acquired full control and ownership of INT0010 at this critical juncture in the product's development" commented Horst G. Zerbe, President and Chief Executive Officer of IntelGenx. "The product has already completed a successful Phase I study demonstrating increased bioavailability of dronabinol and reduced levels of its psychotropic metabolite versus the existing FDA approved THC product. INT0010 is a unique, patent protected formulation with the potential to become a billion dollar product. We believe this is the right time for a commercial partner to step in and advance the project and are currently in discussions with several companies that have expressed an interest in commercializing the product."