Intellipharmaceutics (IPCI) Comments on Trading Activity; Says Not Aware of Any Corp. Developments

September 22, 2016 4:07 PM EDT

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Intellipharmaceutics International Inc. (Nasdaq: IPCI) at the request of Investment Industry Regulatory Organization of Canada on behalf of the Toronto Stock Exchange, confirms that as of the date of this news release, they are not aware of any corporate developments that would cause the recent movement in the Company's share price.

SI NOTE: Shares spiked spiked 23% on a bizarre press release/rumor of a buyout bid before being halted.

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