Intellipharmaceutics Appoints Vice President Business Development

Intellipharmaceutics International Inc. (NASDAQ: IPCI), a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled-release and targeted-release oral solid dosage drugs, today announced that its United States subsidiary,Intellipharmaceutics Ltd., has appointed Ira Baeringer as its Vice President, Business Development, effective February 1, 2012.

Mr. Baeringer will be assisting Intellipharmaceutics with the commercialization of products in its controlled-release generic drug Abbreviated New Drug Applications (ANDA) portfolio and 505(b)(2) New Drug Application (NDA) portfolio across markets inside and outside the United States. Mr. Baeringer brings 20 years of experience in pharmaceutical licensing, development, supply, acquisitions, divestitures, and alliance management. He was most recently with sanofi-aventis from 2009 to 2012, and was previously with Sandoz Inc., Dorland Sweeney Jones, Forest Pharmaceuticals, Inc. and TEVA Pharmaceuticals USA.

“We are pleased to have Ira join the Intellipharmaceutics team as we build our leadership group and infrastructure to help position us for growth and expansion of our core business,” stated Dr. Isa Odidi, CEO. “His experience will be of great value as Intellipharmaceutics continues to pursue implementation of its commercialization plans in the U.S. market through the exploration of new drug product opportunities and new strategic partnerships.”

“I am pleased to be joining Intellipharmaceutics at this exciting time in the Company’s history,” said Mr. Baeringer. “I believe the six product candidates filed with the FDA for regulatory approval will form a solid base to develop near term strategic partnerships and build out our commercial capabilities.”

About Intellipharmaceutics

Intellipharmaceutics International Inc., operating through its subsidiaries, is a pharmaceutical company specializing in the research, development and manufacture of novel or generic controlled-release and targeted-release oral solid dosage drugs. The Company’s patented Hypermatrix(TM) 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 products in various stages of development, including six ANDAs under review by the FDA, in therapeutic areas that include neurology, cardiovascular, GIT, pain and infection.

Press Release: Intellipharmaceutics International Inc.

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