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“Either we are sitting on a gold mine, or sitting on a land mine.”
Is it truly a pick’em?
Press release today?
Big Press Release tomorrow ??
Where are the trial results?
Wonder if they can charge him criminally?
Wow! Mako sued.
Will IPIX repay the PPP loan from the government?
Trial results Monday?
When will the authorized share count need to be raised?
Outstanding Shares 437,096,222
Authorized Shares 600,000,000
Current Market Cap $96,161,169
Skepticism? A quick flip might be possible here. Holding into data is risky.
Looking for a re-entry.
Pfizer and Roche both have antivirals in trials and Pfizer is likely to report data this year.
Where is the IPIX trial data?
Congratulations to Merck. When will IPIX release the trial results
“Merck’s pill works by interfering with an enzyme the coronavirus uses to copy its genetic code and reproduce itself. It has shown similar activity against other viruses.
The U.S. government has committed to purchase 1.7 million doses of the drug if it is authorized by the FDA. Merck has said it can produce 10 million doses by the end of the year and has contracts with governments worldwide. The company has not announced prices.”
Excellent post.
A question for the compny not me. Why is it listed in the 10-K then? “Contingent Liability - Disputed Invoices”
10-K
Contingent Liability - Disputed Invoices
As described in Note 6. Accrued Salaries and Payroll Taxes, the Company accrued payroll to Dr. Krishna Menon, ex-President of Research of approximately $1,443,000 for his past services with the Company, and this amount was included in accrued salaries and payroll taxes. As described in Note 10. Related Party Transactions, the Company has a payable to Kard Scientific, Inc. (“KARD”) of approximately $1,486,000 for its research and development expenses and this amount was included in accounts payable. KARD is a company owned by Dr. Menon. Dr. Menon’s employment was terminated with the Company on September 18, 2018, and Dr. Menon resigned from the Company’s Board of Directors on December 11, 2018. Dr. Menon, on behalf of himself and KARD, demanded payment of these amounts in October 2019; however, the Company disputes the underlying basis for these amounts and notified Dr. Menon in November 2019 of the Company’s intent not to pay them.
All of the above disputed invoices were reflected as current liabilities as of June 30, 2021.
10. Related Party Transactions
Pre-clinical Studies
The Company previously engaged KARD to conduct specified pre-clinical studies. The Company did not have an exclusive arrangement with KARD. All work performed by KARD needed prior approval by the executive officers of the Company, and the Company retained all intellectual property resulting from the services by KARD. The Company no longer uses KARD. At June 30, 2021 and 2020, the accrued research and development expenses payable to KARD was approximately $1,486,000 and this amount was included in accounts payable. Dr. Menon, on behalf of himself and KARD, demanded payment of these amounts in October 2019; however, the Company disputes the underlying basis for these amounts and notified Dr. Menon in November 2019 of the Company’s intent not to pay them.
$FCEL. Initiated a position earlier this week.
Will history repeat itself?
What happened?
Price has drifted down.
Last day of August. Another month gone.
The long September…..
October update seems likely.
Probably all quiet until after Labor Day Weekend.
What’s the delay with share price appreciation?
RIP Gov. You will be missed here. Sad.
Press Release:
Last Patient Last Visit Completed in Innovation Pharmaceuticals’ Phase 2 Clinical Trial of Brilacidin for COVID-19; Trial Database Undergoing Review in Preparation for Database Lock
WAKEFIELD, Mass., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Innovation Pharmaceuticals (OTCQB:IPIX) (“the Company”), a clinical stage biopharmaceutical company, today provided additional information regarding the status of its randomized, double-blind, placebo-controlled Phase 2 clinical trial of Brilacidin for the treatment of moderate-to-severe COVID-19 in hospitalized patients (see NCT04784897). The Company is developing Brilacidin for treatment of COVID-19 under U.S. FDA Fast Track designation.
Full enrollment in the 120-patient clinical trial was completed in early June 2021. The last patient follow-up visit occurred on July 30, 2021. The subject database remains blinded with the current emphasis on confirmation of all data entered at study sites, as well as completion of source data verification and the necessary checks and reviews by the data management vendor in preparation of database lock.
Following database lock and transfer to the biostatistics vendor, analysis of the unblinded data from the clinical trial will begin to assess Brilacidin’s performance, against placebo, across primary, secondary, and other endpoints. Topline results are anticipated to be available one week after database lock, with full analysis to follow.
“Our team is as excited as anyone to learn the results of our Brilacidin COVID-19 clinical trial. Everything is advancing per industry norms and standards,” said Leo Ehrlich, Chief Executive Officer at Innovation Pharmaceuticals. “We look forward to sharing Brilacidin topline data in treating COVID-19 as soon as we have it in hand.”
I have taken a position.
Getting closer…
Not yet, might slide further down.
Price drop today….
Ask them what’s next for IPIX if this trial was to fail…?
Rinse and repeat.
What happened?
No Data Lock
Innovation Pharmaceuticals Provides Update on Brilacidin Antiviral Research
WAKEFIELD, MA – August 2, 2021 (GLOBE NEWSWIRE) Innovation Pharmaceuticals (OTCQB:IPIX) (“the Company”), a clinical stage biopharmaceutical company, today provided an update on ongoing antiviral research of Brilacidin, the Company’s defensin-mimetic drug candidate being developed for treatment of COVID-19 under FDA Fast Track designation, by different groups of scientists.
Brilacidin antiviral research updates are provided below:
2021 Military Health System Research Symposium (MHSRS): Due to rising COVID-19 infections tied to the spread of SARS-CoV-2 variants, the U.S. Department of Defense (as the symposium sponsor) last Thursday cancelled the event that was to be held in Orlando, Florida. The Company will be discussing with George Mason University scientists, who were scheduled to present Brilacidin research on non-SARS-CoV-2 viruses, appropriate next steps for potential release of these findings.
Brilacidin SARS-CoV-2 Manuscript: Scientists conducting laboratory testing of Brilacidin, in particular its ability to block entry of SARS-CoV-2 into human cells, have submitted their research findings for peer-review publication. These data include insights into Brilacidin’s antiviral mechanisms of action and Brilacidin activity against the Alpha (B.1.1.7) and Gamma (P.1) SARS-CoV-2 variants.
Related, the Company is in queue for in vitro testing of Brilacidin against the Delta (B.1.67.2) variant, which is showing increased transmissibility regardless of vaccination status according to reports of new CDC data. The Delta variant is now considered more transmissible than MERS, SARS, Ebola, the common cold, the seasonal flu, and can be caught as easily as chickenpox. CDC director Dr. Rochelle Walensky commented: “It’s one of the most transmissible viruses we know of.”
Brilacidin Human Coronavirus (H-CoV) Research: Scientists conducting laboratory testing of Brilacidin in endemic H-CoV strains (OC43, 229E, NL63) have informed the Company that they are reviewing potential venues to disseminate their findings, including conferences, via publication or through public release by the Company. These data show Brilacidin inhibits different H-CoV strains, supporting Brilacidin as a pan-coronavirus agent.
“Taken together, the results from ongoing lab research into Brilacidin’s antiviral properties by different groups of scientists only strengthens our belief in Brilacidin,” said Leo Ehrlich, Chief Executive Officer at Innovation Pharmaceuticals. “With a highly contagious virus circulating throughout the world and continuing to mutate in dangerous ways, reducing the effectiveness of available COVID-19 treatments and vaccines, there is a global public health need to develop broad-spectrum antivirals. Our hope is that Brilacidin, which is showing an inherent ability to be resistant to viral mutations, can play a vital role in helping contain the spread of SARS-CoV-2, as the virus is likely to be an infectious disease challenge for years to come.”
Bid .261
Who got the .253’s this morning?
That’s a prediction that’s very possible.
Probably a good run in a few weeks.