INTELLIPHARMACEUTICS INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In IntelliPharmaCeutics International Inc. To Contact The Firm

NEW YORK, July 27, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at IntelliPharmaCeutics International Inc. ("IntelliPharmaCeutics" or the "Company") (NasdaqCM:IPCI).

The investigation focuses on whether the Company and its executives violated federal securities laws.  Specifically, on July 24, 2017, U.S. Food and Drug Administration ("FDA") scientists expressed concerns that the Company failed to provide sufficient data regarding the abuse potential of its opioid painkilling drug, Rexista.  Then, on July 26, 2017, the Company announced that two advisory committees of the FDA voted 22 to 1 to oppose the Company's New Drug Application for Rexista, citing insufficient data regarding the drug's abuse-deterrent properties as a motivating concern.

Following these announcements, IntelliPharmaCeutics's share price declined significantly, causing harm to investors.

If you invested in IntelliPharmaCeutics stock or options and would like to discuss your legal rights, click here:www.faruqilaw.com/IPCI.  There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail torgonnello@faruqilaw.com. 

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26^th Floor
New York, NY 10017
Attn:  Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

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