Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

Edit: That's an excellent bit of news that may offset the news of the Prurisol result delay.

https://www.sec.gov/Archives/edgar/data/1355250/000147793218004457/ipix_10k.htm

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.

The company will be staying in the current office. Scroll down to Lease Commitments






In Reply to '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