Innovation Pharmaceuticals Inc (IPIX)

[wsbc]

My understanding was the total amount to get Prur out-of-hoc and to receive complete results was $8M.
That was as of end of winter (Feb) or so.

My guess is that outstanding $4M represents the 50% of the unpaid amount the CRO is still owed.

ffrol,
What do you make of this sentence on page 69 of 10K:
"The Company has total non-cancelable contractual minimum commitments of approximately $4 million to contract research organizations as of June 30, 2018."