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Intellipharmaceutics reports 3Q loss

TORONTO (AP) _ Intellipharmaceutics International Inc. (IPCI) on Tuesday reported a loss of $2.6 million in its fiscal third quarter.

The Toronto-based company said it had a loss of 8 cents per share.

The extended-release drug developer posted revenue of $1.2 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $1.15. A year ago, they were trading at $2.84.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPCI at https://www.zacks.com/ap/IPCI