Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

What utter nonsense. I have never seen a deal without an upfront payment and the licenses picks up the remaining costs to approval and market. Even a partnership includes a large upfront with the partner picking up at least half the cost.

As OM is a blue skies drug with well over a billion potential market, I would expect a multiple of $10 million, all future costs covered and a double-digit royalty. That’s just how it’s done.