Innovation Pharmaceuticals Inc (IPIX)

[F1ash]

LOL. After reading the first line I was expecting the story to be about the people behind the purchase who forgot to check two things. How secure is the patent protection and what is the competition working on.

Here are a couple of thoughts I had about the article.

One: Maybe it is bad for Cellceutix since Merck and other big pharmas really only care about established revenue streams. In that case no deal till after phase 3.

Two: (And this is nothing but fun speculation). Maybe they don't need Cubists R&D department because they are preparing to focus their efforts on a new generation of antibiotics. " Keller said no decisions have been made on the future of the lexington site as a whole. "We are continuing to look at our footprint in the greater Boston area," she said." Would Beverly, Mass qualify? (Again nothing but fun speculation)