Innovation Pharmaceuticals Inc (IPIX)

[Waverunner1]

The Anacor Phase II results completely sucked, that is the reason for no reaction in the market. Prurisol results MUCH better.



"The highest proportion of subjects achieving PGA Success in the Intent to Treat analysis occurred at Day 42 with 26% of subjects in the AN2728 arm (n=46) achieving PGA Success compared to 18% in the vehicle arm (n=22). At the end of treatment (Day 84), 17% of the subjects in the AN2728 arm met PGA Success, while 14% of the vehicle group met that standard."

Go back and look at the ANAC chart when they announced their P2 data. It was positive and nothing happened. I'm disappointed with the price action here too but if you want to use ANAC as a comparison, compare their SP after they announced P2 data in 2011, not their P3 data from 2 trials.