Innovation Pharmaceuticals Inc (IPIX)

[tryz]

IPIX Shareholders did you all see this in the 10k ! »......
The Company signed a non-binding term sheet in August 2018 with a global pharmaceutical company for the licensing/rights to Brilacidin for treating oral mucositis and inflammatory bowel diseases. Initial payments, milestone payments and royalties are being negotiated in accordance with the non-binding term sheet. The pharmaceutical company is now engaged in further due diligence. Management can offer no assurances that the parties will enter into a binding definitive agreement.

......suprising and exciting update in the 10k filing !......imho,tryz