Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

I would argue for bit longer time from term sheet, close to 6 months if the buyer happens to be one of big pharma (corporate inertia - I have experience on that). With smaller partners it could go fast, especially if only Brilacidin is involved. Trial analysis is done, supplier is lined up. Leo probably feels that he will need new source of financing in place before the end of this year. I think he is willing to consider mostly delayed gratification - risker royalty heavy deal with around $ 20 M upfront (wild guess).