Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

I am leaning towards Ffroldo (had to get that out of my system) on this one - around $2M left to pay. It is likely that the $4M commitment does not reflect the latest payment made to CRO (~ $2M from Aspire deal). For one thing I have hard time accepting cost of statistical analysis alone being in multiple millions. Of course, if IPIX has been underpaying for some time now, the sum might be for trial analysis plus what was otherwise owed. A complicated mess. And...

We are witnessing why CROs so desperately wanted to get rid of fixed price clinical trial contracts. They were the bagholders then.

BTW: If IPIX and CRO were in arbitration would we know about that? Maybe Loanranger can enlighten me on all this. Meanwhile ... I really need some fresh air and inspiring sceneries - I go go biking now.