Innovation Pharmaceuticals Inc (IPIX)

[Amatuer17]

Well in many companies - they reduce staff from a dept when focus is shifted.
(pfizer reduce some 300 people from CNS division when they decided to exit ALZ and Parkinson research.

Co told that they stopped K trial - no further activity till K oral formulation is done - not known when.

So more logical conclusion with common people is - no focus on K, Menon who was mainly for K has reduced responsibility so his salary is reduced

Other staff reduction - co did not have that high staff if one considers 3 products - so eliminating staff also tells that focus from some product activity - not more activity - one such activity is trials - no upcoming trials of any sort as no enough money - so staff elimination