Innovation Pharmaceuticals Inc (IPIX)

[MMeyers]

IPIX is indeed a very sad story....not only for the many people here that lost a LOT of money on this stock, but for the drugs that might have been.

I just wonder if IPIX's drugs are caught in Phase 2 drug purgatory, i.e. the cost of a Phase 3 drug trial is greater than the potential drug profits, given the limited time left on their drug patents. I've read there are many promising drugs in this state. A change in the patent law to allow exclusive sales for a minimum time, even if the patent has expired, is being proposed. But don't hold your breath.


As for the supposed term sheet, and potential partner, it seems any potential partner has IPIX over the barrel. The longer they wait, the cheaper the company becomes. They are certainly waiting.

I hope no one seriously hurt their finances on this stock. It was a good fling. It seemed that IPIX had some very promising drugs. But alas that appears to be up in smoke. I've walked away with a loss that stings, but fortunately nothing that has significantly hurt me.

Finally, I hope all those who touted this stock over the years seriously consider the consequences of their actions, and why their recommendations turned out so tragically wrong.

Regards,
Michael