Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

Calling 3 Phase 2 trials, across 3 separate drug platforms that are now finished, no failures, and waiting for top line data before considering a partnership offer, calling that a “Hail Mary” pass is about as misleading a post as possible without the post being an outright lie. As of the release of data showing efficacy, for each drug there is a 58% chance to succeed to completion of its progress to approval. That includes the risks of Phase 3. Taken together there will be a 98% chance of approval for just one.

Since you are using a football metaphor, if there was a 98% of completing a pass for touchdown every time Tom Brady threw a “Hail Mary”, he would have won every season’s playoff berth and every Super Bowl of his career, except for those seasons where he was out due to injury, of course.