Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

Well, if you take a really generous look at B maybe you can say that next phase in ABSSSI would be phase 3 because of large past ABSSSI trials. Never mind that the next trial will probably be p1 or p2 in anything but ABSSSI.

You have encountered a prime example of pharma's eternally optimistic forward looking clinical parlance: If a drug clears phase X trial in indication Y it is instantly promoted to be known as phase X+1 drug (no mention of indication Y unless really, really necessary like when presenting in front of serious investors). Looks so much better in general purpose press releases when you omit that "in Y indication".

Not really a joke. I am more than half serious.