IntelliPharmaCeutics Announces Successful Completion of a Pilot Clinical Trial for its Abuse and Alcohol Resistant Sustained Release...(conditions. The pilot clinical trial...)

- The ReXista(TM) product demonstrated sustained release

pharmacokinetic activity, with blood plasma concentrations at

clinically significant levels over a 24 hour period.

- The bioavailability of a single dose of the ReXista(TM) product, as

measured by Cmax and AUC, was comparable to that of two doses of

Oxycontin(R) dosed at 12 hour intervals. Both Cmax and AUC were in

the 80% - 125% range as compared to Oxycontin(R), demonstrating

effective bioequivalence with the branded product.

The Company intends to release detailed results of this pilot clinical trial after further study and analysis. Dr. Isa Odidi, CEO and Chief Design Officer for IntelliPharmaCeutics, stated "We are very encouraged by these early results. The ReXista(TM) delivery technology was developed entirely in-house, and is unique in the industry. We are excited that our new ReXista(TM) dosage form, which resists dose-dumping in the presence of alcohol, and which has great potential to resist oral, nasal and intravenous abuse, has already demonstrated controlled release to a once-a-day standard and effective bioequivalence with the twice daily branded product. With these results in hand, we will certainly move rapidly to advance the development into a full clinical trial program. We will also now apply the Rexista(TM) technology to other narcotic analgesic agents in our development pipeline."

About IntelliPharmaCeutics

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IntelliPharmaCeutics is a drug delivery innovator and developer, specializing in the controlled and targeted once-a-day delivery of oral, solid dose pharmaceutical products. It operates from a 25,000 sq ft research laboratory and manufacturing scale-up facility located adjacent to Toronto International Airport. The Company utilizes proprietary, patented and proven drug
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