Innovation Pharmaceuticals Inc (IPIX)

[djs7]

A term sheet contains the base financial numbers for starting negotiations.

IPIX may be sitting on still active unsigned term sheets due to a possible exclusitivity clause (exclusivity period for negotiating) in the current 10K agreement.

This was the first time that B-IBD was mentioned to be paired with B-OM in negotiations with the 10K agreement made in August.

Exclusivity provides the parties with assurances that their anticipated deal won’t be scooped up or pre-empted by a competing offer by another party during the exclusivity period, and confidentiality provisions protect material, confidential information.