Innovation Pharmaceuticals Inc (IPIX)

[frrol]

There is nothing about "up front royalty percentage" in that link, and there would not be for B as it is in mid-phase. If B-OM is granted BTD, it is conceivable that a BP might consider fronting future royalties, but I wouldn't count on that. Keep in mind that any capital a BP provided to the company that is not earmarked specifically for the licensing development is effectively an investment that is on par with IPIX equity but without ownership rights to the company or pipeline. They won't do that.

I am sure, though, that our management is trying to secure general funding. They say so in the 10-K, as they should. It's just that it wouldn't come from a BP that gets no ownership rights in return. No one would. Now we could hope for a strategic investment by the BP, but the 10K doesn't mention that as a possibility, it says licensing, so don't count on that either.

We're in a bit of a spot. A BP will not give non-refundable money to a partner that is potentially insolvent. I'm sure we're hustling for dollars. That's why the stock is wavering and we have to keep our fingers crossed for a deal and hope for another Aspire accommodation. Or a new source.