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<strong>Drugs.com</strong> provides accurate and independent information on more than 24,000 prescription drugs, over-the-counter medicines and natural products. This material is provided for educational purposes only and is not intended for medical advice, diagnosis or treatment. Data sources include Micromedex&reg; (updated July 13th, 2015), Cerner Multum&trade; (updated July 2nd, 2015), Wolters Kluwer&trade; (updated July 2nd, 2015) and others. To view content sources and attributions, please refer to our <a href='/support/editorial_policy.html'>editorial policy</a>. Leisure-time physical activity -- such as biking, gardening and housework as well as walking -- was also associated with lower risk of death, found researcher Diewertje Sluik of the German Institute of Human Nutrition Potsdam-Rehbrucke, and colleagues. Dr. Douglas Wood, immediate past president of the Society of Thoracic Surgeons, added that the infrastructure is in place to help ensure the quality, safety and consistency of these exams. Medicare just needs to provide coverage to support these efforts and help physicians save lives.

A study in the June 30 issue of the <i>New England Journal of Medicine</i> found that annual low-dose CT scans cut the death rate from lung cancer by 20 percent in heavy smokers and formerly heavy smokers, compared with those who get annual chest X-rays. TORONTO, July 2, 2013 (GLOBE NEWSWIRE) -- Intellipharmaceutics International Inc. (Nasdaq:IPCI) (TSX:I), a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs, today reported the results of operations for the three and six months ended May 31, 2013. All dollar amounts referenced herein are in United States dollars unless otherwise noted.<br/> The Company recorded a net loss for the three months ended May 31, 2013 of $1.8 million, or $0.09 per common share, compared with a net loss of $1.4 million, or $0.08 per common share, for the three months ended May 31, 2012. The net loss for the six months ended May 31, 2013 was $3.1 million, or $0.17 per common share, compared with a net loss of $3.3 million, or $0.20 per common share, for the six months ended May 31, 2012. The Company's increased net loss in the three months ended May 31, 2013, can be primarily attributed to a reduction in the fair value adjustment of derivative liability of $0.2 million compared to $0.8 million in the comparable 2012 period, and the timing of certain research and development activities. After adjusting for the fair value adjustment of derivative liability the loss for the three months ended May 31, 2013 was lower by $0.2 million and is discussed below.<br/> Loss from operations for the three months ended May 31, 2013 was $1.8 million compared with $2.0 million for the three months ended May 31, 2012. Research and development expense for the three months ended May 31, 2013 decreased to $0.9 million compared to $1.1 million in the three months ended May 31, 2012. After adjusting for stock-based compensation expense, expenditures for research and development for the three months ended May 31, 2013 were lower by $0.2 million. Selling, general and administrative expenses for the three months ended May 31, 2013 were $0.8 million versus $0.8 million in the prior period. After adjusting for stock-based compensation expense, expenditures for selling, general and administrative expenses for the three months ended May 31, 2013 were lower by $0.1 million.<br/> At May 31, 2013, Intellipharmaceutics' cash and cash equivalents totaled $1.6 million, compared with $0.5 million at November 30, 2012. The increase in cash during the three months ended May 31, 2103 is mainly due to the Company's registered direct unit offering for gross proceeds of $3.1 million completed in March 2013.<br/> For the three months ended May 31, 2013, net cash flows used in operating activities were $1.8 million, and were not significantly different as compared to net cash flows used in operating activities for the three months ended May 31, 2012 of $1.8 million. For the three months ended March 31, 2013, net cash flows from financing activities of $2.9 million related to the Company's March 2013 registered direct unit offering, discussed below.<br/> Quarterly Corporate Highlights<br/> ��� �In March 2013, Intellipharmaceutics announced an update on its generic versions of the marketed drugs Keppra XR� and Pristiq�. The United States Food and Drug Administration (FDA) has accepted for filing the Company's Abbreviated New Drug Application (ANDA) for generic Keppra XR�. Based on the FDA's preliminary review and comments on the Company's ANDA for generic Pristiq�, the Company plans to repeat one of three bioequivalence studies for the product candidate. The Company will amend its existing application for generic Pristiq� to include the new study upon its successful completion.<br/> �<br/> ��� �In March 2013, Intellipharmaceutics announced the closing of a registered direct unit offering for gross proceeds of approximately $3.1 million at a price of $1.72 per unit. The Company sold units comprised of an aggregate of 1,815,000 common shares and warrants to purchase an additional 453,750 common shares. The warrants are exercisable for a term of five years and an exercise price of $2.10 per common share. After placement agent fees and estimated offering expenses, the Company received net proceeds from the offering of approximately $2.7 million. Intellipharmaceutics intends to use the net proceeds to file additional ANDAs with the FDA, to advance clinical trials for its abuse resistant Rexista� technology and/or other New Drug Application (NDA) 505(b)(2) opportunities, to establish additional partnerships, and for working capital, research, product development and general corporate purposes.<br/> �<br/> ��� �In April 2013, Intellipharmaceutics settled the litigation related to the 40 mg strength of its generic version of Focalin XR�. Novartis Pharmaceuticals Corporation, Novartis Pharma AG and Celgene Corporation have settled their patent suit in the U.S. District Court for the District of New Jersey, and Alkermes Pharma Ireland Limited has settled its patent suit in the U.S. District Court for the District of Delaware, with Intellipharmaceutics Corp., a wholly-owned subsidiary of the Company, and with its licensee Par Pharmaceutical, Inc. in relation to the 40 mg strength of a generic version of the attention deficit hyperactivity disorder drug Focalin XR�. In April, 2013, the parties stipulated to a full and final dismissal of the pending patent litigation in the states of New Jersey and Delaware, and the cases were dismissed on May 21, 2013. The terms of the settlements are confidential. These settlements are in addition to earlier announced settlements concerning the 5, 10, 15, 20 and 30 mg strengths of generic versions of Focalin XR�.<br/> About Intellipharmaceutics<br/> 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 the efficient development of a wide range of existing and new pharmaceuticals. Based on this technology, Intellipharmaceutics has a pipeline of product candidates in various stages of development, including filings with the FDA in therapeutic areas that include neurology, cardiovascular, gastrointestinal tract, diabetes and pain.<br/> Certain statements in this document constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and/or forward-looking information under the Securities Act (Ontario). These statements include, without limitation, statements expressed or implied regarding our plans, goals and milestones, status of developments or expenditures relating to our business, plans to fund our current activities, statements concerning our partnering activities, health regulatory submissions, strategy, future operations, future financial position, future sales, revenues and profitability, projected costs, and market penetration. In some cases, you can identify forward-looking statements by terminology such as may, will, should, expects, plans, anticipates, believes, estimates, predicts, potential, continue, intends, could, or the negative of such terms or other comparable terminology. We made a number of assumptions in the preparation of our forward-looking statements. You should not place undue reliance on our forward-looking statements, which are subject to a multitude of known and unknown risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those stated in or implied by the forward-looking statements. Risks, uncertainties and other factors that could affect our actual results include, but are not limited to, the effects of general economic conditions, securing and maintaining corporate alliances, our estimates regarding our capital requirements, and the effect of capital market conditions and other factors, including the current status of our product development programs, on capital availability, the potential dilutive effects of any future financing, our programs regarding research, development and commercialization of our product candidates, the timing of suc


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