Innovation Pharmaceuticals Inc (IPIX)

[DaubersUP]

I was reaching out to IPIX for clarification on this whole thing. They state they are "unlikely" going to hit any milestones prior to the 30th. So what is the worst case scenario right now if we hit zero milestones before the 30th in regards to shares? The 8 million for 2 million? meaning .25?

They are requesting an end of phase 2 meeting with the FDA this month, so I doubt we hear about BTD. jmo

Signed agreements in August, do we really think a deal can be done in under 30 days?

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.

And we are waiting on paying off CRO for phase 2b data.

I see no way in hell we hit any milestones at this point. But maybe Leo surprises.