Innovation Pharmaceuticals Inc (IPIX)

[frrol]

The next anticipated announcement is either the B deal or the BTD, if either goes through. The BTD application has a 2 month shelf life, and I suspect we applied over a month ago given the Aspire milestones deal date. And if we get BTD you can bet we'll announce it. Loudly. The company would do it no matter what, but is now pulling out all the stops because it has to. We even announced that we have formally applied, which was not necessary and certainly not advised if we didn't have to. We have to, because we're looking for capital, to keep the lights on and get the P results.

I don't discount a strategic investment by the BP if we make a licensing deal, but I don't count on it either. The only reason why it's a possibility is because no BP will take a partner that isn't solvent. I suspect there was a conversation in negotiations that went something like "would you make a strategic investment in us if we do need it? Look at this pipeline..."

One more thing: I strongly expect a deal to come out of this. Same reason why we announced the BTD application: because we have to. It's just a matter of negotiated terms, and the BP has the higher hand here.