Innovation Pharmaceuticals Inc (IPIX)

[Ultimate01]

They are a consulting firm.

This comes from their website:

"Our consulting engagements usually focus on helping our clients raise capital, locate suitable assets for acquisition, or find potential partners for further asset development. We also perform valuations, market assessment, and quantitative fairness opinion analyses."

http://www.avarx.com/AvaRx/AboutUs/index.html

So its got to be one of these reasons.
I'm speculating but I'd say Leo is either looking to partner Kevetrin or looking for a third party valuation.

GO CTIX and GO Kevetrin!