Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

I wasn't talking about the roughness of the number 20. One CDA would be plenty if it led to a significant agreement. Without that one good one the Company could have a hundred CDAs and they would be of no value to the company's owners.
This is all that was said and if it was taken to a source of financing as a showing of value I think the response would be "And?".

"The Confidential Disclosure Agreement (CDA) count toward partnering with global and specialty pharmaceutical companies interested in the Company’s first-in-class drug candidates is nearing 20, with additional Agreements in review."

But I don't know about these things, so I asked:
"A CDA count isn't much of a standard, is it? Is it in regular use in the industry?"

No responses so far. I'd be satisfied just to see another example of the use of that count as some kind of metric of interest.