TORONTO, ON / ACCESSWIRE / January 13, 2022 / Intellipharmaceutics International Inc. (OTCQB:IPCIF) and (TSX:IPCI) ("Intellipharmaceutics" or the "Company"), a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs, announced today with great sadness that Kenneth Keirstead, a member of the Company's Board of Directors, has passed away.
"We are all deeply saddened by Ken's passing," said Isa Odidi, CEO of Intellipharmaceuitcs. "Ken was a steadfast and highly valued member of our board who was known for his insights as both an entrepreneur and a scientist. Most of all, Ken was a dear member of the Intellipharmaceutics family and will be missed by all."
Kenneth served as a member of Intellipharmaceutic's Board of Director since 2006, contributing his wide breadth of experience in healthcare development, pharmaceuticals, drug development and corporate governance to the growth of the company.
Intellipharmaceutics offers its deepest condolences to the family, friends, and colleagues of Kenneth.
Intellipharmaceutics International Inc. is a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs. The Company's patented Hypermatrix™ technology is a multidimensional controlled-release drug delivery platform that can be applied to a wide range of existing and new pharmaceuticals. Intellipharmaceutics has developed several drug delivery systems based on this technology platform, with a pipeline of products (some of which have received U.S. Food and Drug Administration ("FDA") approval) in various stages of development. The Company has abbreviated new drug application ("ANDA") and new drug application ("NDA") 505(b)(2) drug product candidates in its development pipeline. These include the Company's abuse-deterrent oxycodone hydrochloride extended release formulation ("Oxycodone ER") based on its proprietary nPODDDS™ novel Point Of Divergence Drug Delivery System (for which an NDA has been filed with the FDA), and Regabatin™ XR (pregabalin extended release capsules).
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Intellipharmaceutics International Inc.
Chief Executive Officer
SOURCE: Intellipharmaceutics International Inc.