Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

The only way they could possibly do a Brilacidin OM ph4 is with a partner.

You may want to read this article to see some of the issues facing a company in the area of compassionate use. Especially a small company short on funds. http://righttotry.org/dead-on-arrival/

For the small innovators, making their drugs available to a dying patient through compassionate use is risky.

They often don’t have the staff to deal with patients or the money to provide their products through compassionate use.

Their primary selling point to investors is that their drug shows promise in clinical trials that are proceeding smoothly. Any deviation is enough to send investors fleeing and potentially ruin the company.

Drug developers get no direct benefit from compassionate use.

They do not get government funding, and are rarely paid for making their products available.

Even if the patient does well and makes a miraculous recovery, that does nothing to help the product in formal clinical trials.

If something goes wrong, it is counted against the drug by the FDA.

All serious reactions or patient deaths, called “adverse events,” must be reported to the FDA. The agency can, and has, suspended clinical trials because patients receiving treatment through compassionate use have died.

The FDA maintains that such suspensions are rare, but it is a widespread fear in the drug industry.

Uber and AirBnB can't be used as good examples.

AirBnB is actually causing a lot of homelessness in major cities. Rental housing (large apartment complexes) have been taken off the market since owners can make more money with AirBnB. Even single family homes are being purchased for AirBnB usage. It's keeping the price of purchasing houses up. Global problems are being seen. It's only been good in saving tourists hotel fees. The average person looking for a place to rent or buy is having to pay a much higher price these days due in a substantive way to AirBnB.

AirBnB is even donating token amounts to organizations around the country working to fight homelessness. It's a pr effort.

Here's how Boston is attempting to tackle the isssue: https://boston.curbed.com/2018/6/13/17460760/boston-airbnb-regulations-what-are-rules

And, Seattle:
https://www.housingwire.com/articles/42078-seattle-passes-sweeping-short-term-rental-laws-limits-airbnb-hosts-to-two-units

The legislation is part of a larger effort to ensure an adequate supply of long-term rental stock for the city’s permanent residents.

In Reply to 'kfcyahoo'
Karin,
"Regarding compassionate use... the company doesn't have the funds to give it out. The fastest way to get it out to those in need is via ph4."

They have not the funds for ph4(less a deal is struck quickly). There has to be a fater way. I was in a clinical trial in the 80's/early 90's. Drug never marketed. After second life threating reaction, my PCP put me on an approved drug. Patient input is vital, and should be shared. Ibelieve drug companies involved with mytomorrows are compensated for the cost of drugs-better than nothing(will double check).

"Two-sided market places such as Uber and AirBnB have used technology to improve asset allocation through distributed supply and users have seen service levels rise dramatically and prices plummet. Could we apply the same logic to medications? That’s exactly what we’re trying to do at myTomorrows. We make treatments still in development available and, where the regulatory criteria are met, leave physicians and their patients to decide whether to start treatment based on the data. In the long term, this model could lead to lower drug costs. This is what we believe in?—?earlier access to new treatments which could help patients, at a lower cost to society."

Quote from the last paragraph of below link.

https://mytomorrows.com/en/blog-preview/can-the-price-of-drugs-be-justified-based-on-r-d-investment/