Innovation Pharmaceuticals Inc (IPIX)

[kfcyahoo]

"Big Pharma's Strategy Is Music to Biotech Investors' Ears

Big Pharma bosses say they are willing to invest for the long run. That means high prices for promising biotech stocks aren't likely to fall any time soon."

Perhaps some BP's, not all. Article out today quoted Pfizer CEO

"Both Mr. Read and Chief Financial Officer Frank D'Amelio downplayed the possibility of finding growth by splitting up the company or doing a major deal, moves for which they had previously expressed more support.

"I don't see we need a transformative deal," Mr. Read said during the call. "The best investment we have now is in our own pipeline."

https://ih.advfn.com/p.php?pid=nmona&article=77311883

Read is Phizer's CEO.

All I know is ipix performance is not the sound of music. More like fingernails on a chalk board.