Innovation Pharmaceuticals Inc (IPIX)

[ericseb2003]

MAKO-esque seeking alpha attack on another biotech today (XON). Down 26.5% on the article. Intelligently worded, timed during a company blackout period (earnings release coming soon), but just like MAKO, not much substance. Fascinating to see this technique play out time and again in this industry and the devastating impact such manipulative schemes can have. XON is a solid biotech that owns subsidiaries in quite a few very solid companies including a leading cancer immunotherapy firm (CAR-T, etc.), a recently highly publicized subsidiary with a mosquito solution for ZIKA, and much more.

Long story short, this was a 4BN market cap company, so not just tiny CTIX at risk of these attacks. XON will bounce back, as CTIX is starting to do now, but someone needs to put a stop to this.