Innovation Pharmaceuticals Inc (IPIX)

[BooDog]

The need for funding is far less desperate than people have been posting. Management has kudos big time for that. And it is in place to carry this for some time. Continued success with trials bumping this up to provide better opportunity for additional funding when it's needed, albeit dilutive, should be absorbed easily if it's timed right. Late and early spring time for 2 catalysts come to mind. The market has depreciated the bio sector from many trading 10 - 15 times their projected phase 3 pricing over the last couple years. I'm thinking this should still be closer to $4 - $5 right now. But that's just me. Bring on topline data for prurisol and move to a full phase 3 w/ funding in hand bump that up even more. This, like many others in the sector are massively undervalued. So no, this market is not reasonable.

IMO