Innovation Pharmaceuticals Inc (IPIX)

[TheDane]

Would Aspire have entered into the agreement they made knowing IPIX had that kind of nut to crack? They only got $2 million from Aspire at that time. This was one of the milestones:

“$2 million upon announcement of results from the recently completed Phase 2b trial of Prurisol as a potential treatment for moderate to severe chronic plaque psoriasis showing that the trial has met its primary endpoint.”

I think some clarity from Leo would help but it’s hard to see why Aspire would have made the deal they did knowing IPIX didn’t have enough to get the results that would allow them to reach one of the milestones.

Maybe Aspire has been selling since early August and that’s why we were never able to clear the basement on share price.