Innovation Pharmaceuticals Inc (IPIX)

[sox040713]

Great catch, Daubers! I think Leo has two offers on the table for B-OM, one with BTD and one without. That’s probably why the BTD milestone was listed before a licensing agreement.

P result could also be a factor for a B-OM deal. If the trial is positive, Leo might ask for less unfront payment and more royalty. If the result is negative, Leo might ask for more upfront payment and less royalty.