Innovation Pharmaceuticals Inc (IPIX)

[ImmunoATX]

The last 5-6 weeks have been horrible for all of biopharma. Go look at IBB since 9/12 and you can almost overlay exactly with CTIX's chart. The recent downturn has nothing specific to do with CTIX study progression or management. It has everything to do with sour attitudes about biotech as a whole due to the upcoming election.

Many folks in this sector seem to believe Clinton will aggressively go after BP profits....probably somewhat true, but not to the extreme that the fear mongers are predicting. At the end of the day, sick people still want new meds, and they want them fast. That all costs money to accomplish....so Relax!

I don't see a turn north coming until after the election, and probably not until beginning of 2017. But please please please stop spreading the same "sky is falling" nonsense on here. It is not based in fact and only muddies the water.