40 million to achieve all of this is very very very good. I'm not sure what planet you live on where this is not progress: also we went from like 8 or 9 drugs to 17ish in that time.
I mean come on man. You say you were in from 12 -15 and you question the progress. 5 successful clinical trials and 3 mid stage trials about to release data. I know companies that went over 200 million on one drug and reverse split and in the end the drug failed. Leo has played this brilliantly.
IPIX Clinical Trial Timelines
2012
1. Kevetrin (Phase 1)
2013
1. Kevetrin (Phase 1)
2014
1. Kevetrin (Phase 1)
2. Brilacidin-ABSSSI (Phase 2b)
3. Prurisol (Phase 1)
2015
1. Kevetrin (Phase 1)
2. Brilacidin-ABSSSI (Phase 2b, Successful)
3. Prurisol (Phase 1, Successful)
4. Brilacidin-OM (Phase 2)
5. Prurisol (Phase 2a)
2016
1. Kevetrin (Phase 1, Successful)
2. Brilacidin-ABSSSI (Phase 2b, Successful)
3. Prurisol (Phase 1, Successful)
4. Brilacidin-OM (Phase 2)
5. Prurisol (Phase 2a, Successful)
6. Brilacidin-UP (Phase 2 POC)
7. Prurisol (Phase 2b)