SAINT LAURENT, Quebec, April 13, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX)(OTCQB:IGXT) (the "Company" or "IntelGenx") today announced various changes to its management team. Following the planned retirement of its founder and CEO, Horst G. Zerbe, PhD, the new executive leadership team is designed to support its continued global growth as a leading CDMO for oral films and transdermal products, and in particular, to further prepare it for the potential commercialization of RIZAFILM® VersaFilm®, a proprietary oral thin film formulation of rizatriptan benzoate (active ingredient in Merck & Co.'s Maxalt®), and Buprenorphine Buccal Film, a generic version of Belbuca® (buprenorphine buccal film), in the United States.

The U.S. Food and Drug Administration (“FDA”) has assigned a Prescription Drug User Fee Act (PDUFA) goal date of April 17, 2023 for completion of the review of IntelGenx’s RIZAFILM® 505(b)(2) new drug application (NDA), as well as a Generic Drug User Fee Act (GDUFA) date of April 28, 2023 for the review of an abbreviated new drug application (ANDA) for Buprenorphine Buccal Film, filed by the product’s co-developer, Chemo Research SL, through its agent and affiliate, Xiromed LLC. IntelGenx is looking forward to the commercialization of both product candidates, pending positive FDA decisions, as soon as is practicable.

Dwight Gorham has been appointed as Chief Executive Officer, effective immediately. He succeeds Dr. Zerbe, who has retired from his position as CEO, but will continue to serve as Chairman of IntelGenx’s Board of Directors.

Mr. Gorham has an accomplished history of senior leadership success in the life sciences industry. In an executive management career spanning more than three decades, he most recently served as President and CEO of Pillar 5 Pharma Inc. (“Pillar 5”), a pharmaceutical contract manufacturing organization (“CMO”) with a specialty in sterile ophthalmic products. Before joining Pillar 5 in 2015, he served as Senior Vice President and General Manager Global Operations of Pharmascience Inc., a leading Canadian generic drug company with an international presence in over 60 countries. Prior to that, he held a variety of senior roles, including: President and CEO at Accucaps Industries Ltd., a leading North American Supplier of soft gelatin capsules to pharmaceutical, OTC, Nutritional, Health & Beauty, and Recreational markets; a variety of management assignments at the Burroughs Wellcome & Co. facility in Montreal, Quebec; President (Founding) of Draxis Pharma Inc., a CMO supplier of small volume parenteral and lyophilization products to the pharmaceutical industry; General Manager of Baker Cummings Ltd.; and Director of Operations at the Canadian arm of Glaxo plc (now GSK plc).

“I believe Dwight is exceptionally well-qualified to lead IntelGenx as we continue to advance our portfolio of innovative film products and product candidates,” said Dr. Zerbe. “He is a seasoned leader with an exceptional track record and reputation, who has helped nurture and build great product franchises and businesses. His experience brings not only a relevant depth of knowledge of pharmaceutical product development and commercialization, but also the leadership skills necessary to build upon IntelGenx’s market-leading position. While it has been a pleasure steering the Company to this pivotal stage, and I look forward to continuing to contribute to its success as Chairman, I am confident that I am passing the CEO torch into the right hands.”

"I am honored to succeed Horst, and energized by the opportunity to lead IntelGenx going forward,” commented Mr. Gorham. “As IntelGenx’s founding CEO, Horst led the Company with passion and integrity for 20 years, which has resulted in the great people, technologies and assets now in place. There is a unique opportunity to leverage the elegance, precision and clinical advantages of IntelGenx’s proprietary drug delivery platform. I look forward to working with the team to continue to develop and expand the product pipeline, accelerate commercial growth, and enhance value for our shareholders.”

Andre Godin, IntelGenx’s President and Chief Financial Officer, will continue in his current position, with overall responsibility for day-to-day operations, financial reporting and budgeting, as well as managing the Company's relationships and interactions with the investment community. He will now report to Mr. Gorham.

IntelGenx also welcomed David Kideckel, PhD, MBA, to its team in the newly created position of Head of Corporate Development and Strategic Alliances of IntelGenx Corp., the Company’s operating subsidiary. Dr. Kideckel brings over 15 years of business development, advisory, and capital markets experience to the Company. In 2021 he founded the Kideckel Advisory Group Inc., where he advised growth-oriented companies on business and corporate development, capital markets and overall strategic initiatives. Prior to that and in 2017, Dr. Kideckel was recruited from industry to capital markets to build healthcare and life sciences equity research franchises, most recently serving as Managing Director, Senior Institutional Equity Research Analyst at ATB Capital Markets Inc. His industry and business development experience spans several senior healthcare and biotechnology roles, including at Alexion Pharmaceuticals, Inc. (acquired by AstraZeneca plc), the world leader in rare diseases.

"At this important stage of our clinical, commercial and corporate development, we are thrilled to have attracted a candidate of David’s calibre to this key position,” said Mr. Godin. “His unique combination of industry, capital markets and finance experience should help drive shareholder value for IntelGenx as he spearheads an initiative to look for new business development opportunities, helps advance our existing portfolio, and assists with our investor relations program.”

Another organizational change announced today was the promotion of Tommy Kenny to the position of Senior Vice President, General Counsel of IntelGenx Corp. Since joining the Company in 2016, Mr. Kenny has held a number of progressive management positions; most recently serving as Vice President, Intellectual Property and Legal Affairs, General Counsel of IntelGenx Corp.

Finally, Karen Kalayajian, CPA, who was previously IntelGenx’s Senior Director, Corporate Services and Corporate Controller, has now taken on additional responsibilities as Vice President, Finance of IntelGenx Corp. Reporting to Mr. Godin, she will be responsible for financial reporting, planning, treasury and taxation. Prior to joining IntelGenx, Ms. Kalayajian was Director of Finance of Neptune Technologies & Bioresources Inc. Previously, she held a series of progressive audit manager positions at Raymond Chabot Grant Thornton and WSBG.

"Assuming positive FDA decisions in the near-future, we will be entering a stage of anticipated rapid growth," concluded Dr. Zerbe. "Importantly, with these management changes following my retirement as CEO, we have a leadership team that is optimally structured to support both our current business and the successful execution of our long-term strategy.”

About IntelGenx

IntelGenx is a leading drug delivery company focused on the development and manufacturing of pharmaceutical films.

IntelGenx’s superior film technologies, including VersaFilm®, DisinteQ, VetaFilm and transdermal VevaDerm, allow for next generation pharmaceutical products that address unmet medical needs. IntelGenx’s innovative product pipeline offers significant benefits to patients and physicians for many therapeutic conditions.

IntelGenx's highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx's state-of-the-art manufacturing facility offers full service by providing lab-scale to pilot- and commercial-scale production. For more information, visit www.intelgenx.com.

Forward-Looking Information and Statements

This document may contain forward-looking information about IntelGenx's operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about IntelGenx's plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "could," "would," and similar expressions. All forward looking statements are expressly qualified in their entirety by this cautionary statement. Because these forward-looking statements are subject to a number of risks and uncertainties, IntelGenx's actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in IntelGenx's annual report on Form 10-K, filed with the United States Securities and Exchange Commission and available at www.sec.gov, and also filed with Canadian securities regulatory authorities at www.sedar.com. IntelGenx assumes no obligation to update any such forward-looking statements.

Source: IntelGenx Technologies Corp.

For IntelGenx:

Stephen Kilmer
Investor Relations
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Andre Godin, CPA, CA
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IntelGenx Corp.
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Partner Gensco® Pharma preparing to commercially launch RIZAFILM® across the United States as soon as is practicable

SAINT LAURENT, Quebec, April 17, 2023 (GLOBE NEWSWIRE) -- IntelGenx Corp. (TSX:IGX)(OTCQB:IGXT) (the "Company" or "IntelGenx"), a leader in pharmaceutical films, today announced that the U.S. Food and Drug Administration (“FDA”) has approved the Company’s RIZAFILM® VersaFilm® 505(b)(2) new drug application (NDA) for the treatment of acute migraine.1

RIZAFILM® (U.S. market name for RIZAPORT®) is a proprietary oral thin film formulation of rizatriptan benzoate, the active ingredient in Merck & Co.'s Maxalt®. The global migraine drugs market was valued at nearly $3 billion in 2021 and is expected to reach nearly $11 billion by 2030, representing a compound annual growth rate of 15.6%.2

In December 2018, IntelGenx entered into a definitive licensing, development and supply agreement with Gensco® Pharma (“Gensco”) for the exclusive commercialization of RIZAFILM® in the United States. Under the terms of the agreement, IntelGenx is entitled to receive royalty payments based on net profits of RIZAFILM®; and is eligible to receive pre-specified payments upon the achievement of certain regulatory and commercial milestones.

“Following a successful pre-approval inspection by the FDA of our Montreal manufacturing facility earlier this month, we are thrilled to reach this milestone and excited to soon introduce what will be the first oral thin film for the treatment of acute migraines available in the U.S.,” said Andre Godin, IntelGenx’s President and CFO. “According to the American Migraine Foundation, 39 million or 12% of Americans suffer from migraine, which is the second leading cause of disability nationwide. We are looking forward to working with our commercialization partner, Gensco, to bring this innovative migraine therapeutic to patients seeking convenient administration and quick relief from their pain. In addition to these benefits, RIZAFILM® is well suited to the approximately 80% of patients who have migraine-related nausea3, as well as those who have difficulty swallowing.”

1 RIZAFILM® is a Registered Trademark of Gensco® Pharma Corporation
2 Reports and Data, Migraine Drugs Market, https://www.reportsanddata.com/sample-enquiry-form/2515
3 Láinez MJA. (2006) Rizatriptan in the treatment of migraine. Neuropsychiatr Dis Treat. 2006 Sep; 2(3): 247–259

About IntelGenx

IntelGenx is a leading drug delivery company focused on the development and manufacturing of pharmaceutical films.

IntelGenx’s superior film technologies, including VersaFilm®, DisinteQ™, VetaFilm™ and transdermal VevaDerm™, allow for next generation pharmaceutical products that address unmet medical needs. IntelGenx’s innovative product pipeline offers significant benefits to patients and physicians for many therapeutic conditions.

IntelGenx's highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx's state-of-the-art manufacturing facility offers full service by providing lab-scale to pilot- and commercial-scale production. For more information, visit www.intelgenx.com.

Forward-Looking Information and Statements

This document may contain forward-looking information about IntelGenx's operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about IntelGenx's plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "could," "would," and similar expressions. All forward looking statements are expressly qualified in their entirety by this cautionary statement. Because these forward-looking statements are subject to a number of risks and uncertainties, IntelGenx's actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in IntelGenx's annual report on Form 10-K, filed with the United States Securities and Exchange Commission and available at www.sec.gov, and also filed with Canadian securities regulatory authorities at www.sedar.com. IntelGenx assumes no obligation to update any such forward-looking statements.

Source: IntelGenx Technologies Corp.

For IntelGenx:

Stephen Kilmer
Investor Relations
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Andre Godin, CPA, CA
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IntelGenx Corp.
(514) 331-7440 ext 203
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CRL response expected in current quarter

SAINT LAURENT, Quebec, April 27, 2023 (GLOBE NEWSWIRE) -- IntelGenx Corp. (TSX:IGX)(OTCQB:IGXT) (the "Company" or "IntelGenx") today announced that its co-developer, Chemo Research SL, through its agent and affiliate, Xiromed LLC (“Xiromed”), has received a Complete Response Letter (“CRL”) from the U.S. Food and Drug Administration (“FDA”) regarding the submitted abbreviated new drug application (“ANDA”) for Buprenorphine Buccal Film. Xiromed and IntelGenx will contact FDA to discuss the CRL and assess the filing of a request for reconsideration of the CRL.

Andre Godin, IntelGenx’s President and CFO, commented, “Our partner Xiromed has relayed to us that they plan to promptly address the FDA’s concerns in the current quarter.”

Buprenorphine Buccal Film, which incorporates IntelGenx’s VersaFilm® technology in a novel formulation, is a generic version of Belbuca®, an opioid that is used to manage chronic pain severe enough to require daily, around-the-clock, long-term treatment with an opioid, when other pain treatments are inadequate. Approved by the FDA in 2015, Belbuca® is applied to the oral or buccal mucosa every 12 hours and comes in seven strengths ranging from 0.075 mg to 0.9 mg.

About Xiromed

Xiromed LLC, located in Florham Park, NJ, is the U.S. generic division of Insud Pharma, S.L., a global pharmaceutical group headquartered in Madrid, Spain. Xiromed is focused on developing and commercializing high quality generic pharmaceutical products for the US market. In addition to its commercial portfolio of generics available in the U.S., Xiromed has a robust development portfolio of generic pharmaceutical products in various stages of development, including injectable, inhalation and complex generic products. Learn more at http://www.xiromed.com/usa.

About IntelGenx

IntelGenx is a leading drug delivery company focused on the development and manufacturing of pharmaceutical films.

IntelGenx’s superior film technologies, including VersaFilm®, DisinteQ™, VetaFilm® and transdermal VevaDerm™, allow for next generation pharmaceutical products that address unmet medical needs. IntelGenx’s innovative product pipeline offers significant benefits to patients and physicians for many therapeutic conditions.

IntelGenx's highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx's state-of-the-art manufacturing facility offers full service by providing lab-scale to pilot- and commercial-scale production. For more information, visit www.intelgenx.com.

Forward-Looking Information and Statements

This document may contain forward-looking information about IntelGenx's operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about IntelGenx's plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "could," "would," and similar expressions. All forward looking statements are expressly qualified in their entirety by this cautionary statement. Because these forward-looking statements are subject to a number of risks and uncertainties, IntelGenx's actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in IntelGenx's annual report on Form 10-K, filed with the United States Securities and Exchange Commission and available at www.sec.gov, and also filed with Canadian securities regulatory authorities at www.sedar.com. IntelGenx assumes no obligation to update any such forward-looking statements.

Source: IntelGenx Technologies Corp.

For IntelGenx:

Stephen Kilmer
Investor Relations
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Andre Godin, CPA, CA
President and CFO
IntelGenx Corp.
(514) 331-7440 ext 203
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SAINT LAURENT, Quebec, April 27, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX: IGX) (OTCQX: IGXT) (the “Company” or “IntelGenx”) announces that it has received conditional approval from the Toronto Stock Exchange to extend the expiry date of warrants originally issued to Cantone Research Inc. on August 5, 2021 (the “Broker Warrants”). The 613,000 Broker Warrants are exercisable for shares of common stock of the Company (the “Shares”) at a price of US$0.40 per Share and are set to expire on August 4, 2023.

Effective May 8, 2023, the expiry date of such Broker Warrants will be extended by an additional 12 months to August 4, 2024. All other terms of the Broker Warrants, including the exercise price, remain unchanged.

The Company and Cantone Research Inc. are dealing at arm’s length.

About IntelGenx

IntelGenx is a leading drug delivery company focused on the development and manufacturing of pharmaceutical films.

IntelGenx’s superior film technologies, including VersaFilm® , DisinteQ™ , VetaFilm™ and transdermal VevaDerm™ , allow for next generation pharmaceutical products that address unmet medical needs. IntelGenx’s innovative product pipeline offers significant benefits to patients and physicians for many therapeutic conditions.

IntelGenx’s highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx'’s state-of-the-art manufacturing facility offers full service by providing lab-scale to pilot- and commercial-scale production. For more information, visit www.intelgenx.com.

Forward-Looking Information and Statements

This document may contain forward-looking information about IntelGenx’s operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about IntelGenx's plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words”may,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “could,” “would,” and similar expressions. All forward looking statements are expressly qualified in their entirety by this cautionary statement. Because these forward-looking statements are subject to a number of risks and uncertainties, IntelGenx’s actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading “Risk Factors” in IntelGenx’s annual report on Form 10-K, filed with the United States Securities and Exchange Commission and available at www.sec.gov, and also filed with Canadian securities regulatory authorities at www.sedar.com. IntelGenx assumes no obligation to update any such forward-looking statements.

Source: IntelGenx Technologies Corp.

For more information, please contact:

Stephen Kilmer
Investor Relations
(514) 331-7440 ext 232
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Andre Godin, CPA, CA
President and CFO
IntelGenx Corp.
(514) 331-7440 ext 203
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SAINT LAURENT, Quebec, May 04, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) (“IntelGenx”), a leader in pharmaceutical films, today announced that it will release its first quarter 2023 financial results after market close on Thursday, May 11, 2023.

An accompanying conference call will be hosted by Dr. Horst G. Zerbe, Chairman, Dwight Gorham, Chief Executive Officer, and Andre Godin, President and Chief Financial Officer, to discuss the results and provide a business update. Details of the conference call and webcast are below:

First Quarter 2023 Results Conference Call Details:

Date:Thursday, May 11, 2023
Time:4:30 p.m. ET
Live Call:1- 888-506-0062 (Canada and the United States)
1- 973-528-0011 (International)
Access Code:655475

The call will also be broadcast live and archived on the Company's website at www.intelgenx.com under "Webcasts" in the Investors section.

About IntelGenx

IntelGenx is a leading drug delivery company focused on the development and manufacturing of pharmaceutical films.

IntelGenx’s superior film technologies, including VersaFilm®, DisinteQ, VetaFilm and transdermal VevaDerm, allow for next generation pharmaceutical products that address unmet medical needs. IntelGenx’s innovative product pipeline offers significant benefits to patients and physicians for many therapeutic conditions.

IntelGenx's highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx's state-of-the-art manufacturing facility offers full service by providing lab-scale to pilot- and commercial-scale production. For more information, visit www.intelgenx.com.

Forward-Looking Information and Statements

This document may contain forward-looking information about IntelGenx's operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about IntelGenx's plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "could," "would," and similar expressions. All forward looking statements are expressly qualified in their entirety by this cautionary statement. Because these forward-looking statements are subject to a number of risks and uncertainties, IntelGenx's actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in IntelGenx's annual report on Form 10-K, filed with the United States Securities and Exchange Commission and available at www.sec.gov, and also filed with Canadian securities regulatory authorities at www.sedar.com. IntelGenx assumes no obligation to update any such forward-looking statements.

Source: IntelGenx Technologies Corp.

For IntelGenx:

Stephen Kilmer
Investor Relations
(647) 872-4849
This email address is being protected from spambots. You need JavaScript enabled to view it.

Or

Andre Godin, CPA, CA
President and CFO
IntelGenx Corp.
(514) 331-7440 ext 203
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SAINT LAURENT, Quebec, Nov. 13, 2023 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX) (OTCQB:IGXT) (“IntelGenx” or the “Company”) wishes to remind its shareholders of record as of October 2, 2023 (the “Shareholders”) of the importance of a vote FOR the various proposals detailed below at the upcoming special meeting of Shareholders to be held on November 28, 2023 (the “Special Meeting”) as a virtual meeting only.

At the Special Meeting, Shareholders will be asked to vote:

  • to amend the certificate of incorporation of the Company to increase the authorized common stock from 450,000,000 shares of common stock (the “Shares”) to 580,000,000 Shares;
  • to approve (the “Pricing Shareholder Approval”) for purposes of complying with Sections 607(e) and 607(i) of the Toronto Stock Exchange (“TSX”) Company Manual, the issuance of Shares at prices which may be less than the minimum price permitted under the rules of the TSX in connection with certain financing transactions involving atai Life Sciences AG (“atai”) previously disclosed by the Company on August 31, 2023 (the “Financing Transactions”), as further described in the proxy statement of the Company dated October 16, 2023 (the “Proxy Statement”);
  • to approve (the “General Shareholder Approval”) for purposes of complying with Section 607(g)(i) of the TSX Company Manual the issuance of Shares in excess of 24.99% of the issued and outstanding Shares in connection with the Financing Transactions, as further described in the Proxy Statement;
  • to approve (the “Insider Shareholder Approval”) for purposes of complying with Section 607(g)(ii) of the TSX Company Manual, the issuance of Shares to “insiders” of the Company (as such term is defined in the policies of the TSX) in excess of 9.99% of the issued and outstanding Shares in connection with the Financing Transactions, as further described in the Proxy Statement; and
  • to approve the adjournment of the Special Meeting, if necessary, to continue to solicit votes in favor of the foregoing proposals.

IntelGenx wishes to inform that the Company has been advised that the Autorité des marchés financiers (“AMF”) considers the Financing Transactions are subject to the minority vote prescribed by Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions. Therefore, the affirmative vote of a majority of the votes cast at the Special Meeting, excluding the votes attached to the Shares beneficially owned, directly or indirectly, by atai will effectively be required to approve the Financing Transactions. As explained in the Proxy Statement, the Financing Transactions are, by their terms, cross-conditional and require that the Company obtain each of the Pricing Shareholder Approval, the General Shareholder Approval and the Insider Shareholder Approval.

Should the Company fail to obtain any of these approvals, (i) at the request of the AMF, atai has undertaken not to exercise its rights to conversion of the principal outstanding under the Loan Agreement into Shares and to payment of Interest accrued and outstanding under the Second Loan Agreement in Shares, (ii) the Company would be proscribed to proceed with the portions of the Financing Transactions which have not already been completed, namely the Call Option and the Subsequent atai Subscription (each defined in the Proxy Statement), and (iii) the Company would be deemed in default of its obligations under the Loan Amendment, the Second Loan Agreement, the Notes, the Subscription Agreement Amendment and the Warrants (each as defined in the Proxy Statement).

As set out in the Proxy Statement, the board of directors of IntelGenx believes the Financing Transactions are in the best interest of the Company and unanimously recommends that the Shareholders vote “FOR” all matters put to a vote at the Special Meeting.

Copies of the Proxy Statement and related documents are available at https://annualgeneralmeetings.com/igxtsp2023, on SEDAR+ under the Company's profile at www.sedarplus.ca and under the Company’s profile on EDGAR at sec.gov. The Proxy Statement contains important information, including a description of the Financing Transactions and of the matters put to a vote with respect to such Financing Transactions. IntelGenx strongly encourages all Shareholders who would like to attend, participate and/or vote virtually online to carefully follow the procedures outlined in the Proxy Statement.

Shareholders who have questions regarding the Financing Transactions or require assistance with voting may contact the Company’s proxy solicitation agent, Innisfree M&A Incorporated toll free at (877) 800-5194.

About IntelGenx

IntelGenx is a leading drug delivery company focused on the development and manufacturing of pharmaceutical films. IntelGenx’s superior film technologies, including VersaFilm®, DisinteQ™, VetaFilm® and transdermal VevaDerm™, allow for next generation pharmaceutical products that address unmet medical needs. IntelGenx’s innovative product pipeline offers significant benefits to patients and physicians for many therapeutic conditions. IntelGenx's highly skilled team provides comprehensive pharmaceuticals services to pharmaceutical partners, including R&D, analytical method development, clinical monitoring, IP and regulatory services. IntelGenx's state-of-the-art manufacturing facility offers full service by providing lab-scale to pilot- and commercial-scale production. For more information, visit www.intelgenx.com.

Forward-Looking Information

This document may contain forward-looking information which involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. All statements, other than statements of historical fact, contained in this press release including, but not limited to, statements regarding, generally, the “About IntelGenx” paragraph which essentially describe the Corporation’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” and are based on necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. All forward-looking statements are expressly qualified in their entirety by this cautionary statement. Because these forward-looking statements are subject to a number of risks and uncertainties, IntelGenx’ actual results, objectives and plans could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading “Risk Factors” in IntelGenx’ annual report on Form 10-K, filed with the United States Securities and Exchange Commission and available at www.sec.gov, and also filed with Canadian securities regulatory authorities at www.sedarplus.ca. IntelGenx assumes no obligation to update any such forward-looking statements. Moreover, all forward-looking information contained herein is subject to certain assumptions. There can be no assurance that such approvals will be obtained.

For more information, please contact:

Stephen Kilmer
Investor Relations
(647) 872-4849
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Or

Andre Godin, CPA, CA
President and CFO
IntelGenx Technologies Corp.
(514) 331-7440 ext 203
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