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Maxim Group Reiterates Buy, $6 PT on IntelliPharmaCeutics (IPCI) as FDA Greenlights Generic Seroquel XR

October 10, 2016 7:36 AM EDT

Maxim Group analyst Jason Kolbert reiterated a Buy rating and $6 price target on IntelliPharmaCeutics International (NASDAQ: IPCI) after announced on Friday that the company received tentative approval from the FDA for generic Seroquel XR (quetiapine fumarate extended-release tablets) in the 50, 150, 200, 300, and 400mg strengths.

Kolbert highlighted:

Intellipharmaceutics announced on Friday that the company received tentative approval from the FDA for generic Seroquel XR (quetiapine fumarate extended-release tablets) in the 50, 150, 200, 300, and 400mg... More