Innovation Pharmaceuticals Inc (IPIX)

[mdphd2008]

The enthusiasm regarding all the potential deals and opportunities is becoming infectious. However, let's all be mindful that deals (lawyers and contracts) take time to flesh out. I assume Leo is trying to get us the best deal and he will likely want prurisol interim results data which should be forthcoming. I expect a deal to be announced closer to the 4th quarter 2017.

In the meantime, I increased my already very substantial IPIX position by 10% last week. In my opinion, stock keeps de-risking with latest trial results and share price has not caught up - this is one of the best risk/reward opportunities that I am aware of in biotech sector.

I am more than happy to wait an extra few months if it gives shareholders a much better deal. Patience will likely be rewarded.