Innovation Pharmaceuticals Inc (IPIX)

[DaubersUP]

Costly????? Read again what is happening. The BP will take on all costs and development of B-OM. We take upfront cash. We sit back overlook and start collecting milestone and royalties. Done.

c) “BD Agreement” means a significant licensing arrangement with a pharmaceutical company that will include an initial (“up-front”) payment to the Company in an amount in the double-digits millions of dollars and will arrange for such pharmaceutical company to undertake the continuing development of the Company’s Brilacidin compound in the indication of Oral Mucositis, including the conducting and funding of clinical trials aiming towards the filing of an NDA”