Innovation Pharmaceuticals Inc (IPIX)

[TheDane]

One thing certain is that Leo has a plan. A shelf offering is a very smart move and puts the company in a strong negotiating position. I doubt Leo would have done something that he thought would negatively impact shareholders, especially at this point. If they have the goods on Brilacidin, as seems to be the case, then there won't be 25 million shares sold at $3 but more likely fewer than 10 million sold at $7.50 and up. That also assumes he won't land a partnership deal.

I think if they go into a phase 3 with Brilacidin ABSSSI then some Pharma is going to want a piece of that.