Innovation Pharmaceuticals Inc (IPIX)

[BioHedge]

Tea leaves 2.0 - CTIX is in a holding pattern until the results are known for Prurisol 2b. If successful, there will be a deal. A successful oral treatment option for Plaque Psoriasis will be worth big $$$.

The 2a results were so strong that management has pushed this initiative to the front of the line. I think early to mid 2017 will be the time for this deal to happen for Prurisol. I'm looking for a 100-300M upfront payment with 30% royalties if the results match 2a results. A successful P2b trial pushes the CTIX EV to 1B in short order.

For those with a high volatility tolerance this is a great company with a huge potential return.