Innovation Pharmaceuticals Inc (IPIX)

[stevo99]

Leo and Menon look like hero's compared to those guys....$2 Billion??....versus about $50 million to get us to one or two approved drugs and a third off to a great start...

"Shares of CTI BioPharma fell 40 percent to 30 cents on Wednesday. Combined with a sharp plunge Tuesday on the earlier news of the partial clinical hold, the stock is down about 75 percent this week.

James Bianco remains at the helm of the company founded in 1991.

During a quarter century, it has raised and spent more than $2 billion, according to its latest quarterly report in November. In December, it raised about $50 million more.

But at its current share price, CTI BioPharma’s total market capitalization is only about $92 million."