Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

George,

I believe it will be successful and worth much more. Await trial results(a biotech reality).

I basically boiled it down to reimbursement on a unit basis of $1000. Based on your figure of 7.5M U.S patients (and confirmed via the American Acadamy of Dermatology Association), every thousand dollar charge for prurisol, and a 10% market penetration will result in revenue of $750,000,000 in the USA, never mind elsewhere.

Using your figure of annual cost of prurisol at $15,000/yr yields a gold mine:

$15,000/annual sciptX($750,000,000 /$1000annual script)= 11,250,000,000(that's 10% market penetration(if I've done my math correctly).

Please check my math.

Looking forward to the announcement of results.