TORONTO, Jan. 26, 2011 (GLOBE NEWSWIRE) -- Intellipharmaceutics International Inc. (Nasdaq:IPCI) (TSX:I), a pharmaceutical company specializing in the research, development and manufacture of novel or generic controlled release and targeted release oral solid dosage drugs, today announced that it has been advised by the NASDAQ that for the last 10 consecutive business days the Company's market value of listed securities has been $35 million or greater. Accordingly, Intellipharmaceutics has regained compliance with Nasdaq Capital Market continued listing requirements and this matter, as referred to in the Company's earlier Press Release dated December 29, 2010, is now closed.
