Innovation Pharmaceuticals Inc (IPIX)

[baytdr]

I suspect it depends upon how good the BOM results are. Too many moving parts to speculate on the outcome with much confidence. I'd expect it depends on who the partner is, their size, market breath and reach and risk profile. Most potential partners would at least attempt to execute an options strategy for the franchise but it will come down to what Leo and Co. believe the indication is worth individually and as part of the franchise as compared to the partners estimates of the same, and their ability to afford a larger deal along with the associated risk and how much upfront cash IPIX wants for a franchise deal as opposed to BOM alone. IMO it's impossible to know in advance without more information.