Innovation Pharmaceuticals Inc (IPIX)

[Amatuer17]

“BTD is not at all critical to advancing B-OM to Phase 3 nor is it in any way critical to a partnership or license...”

I agree with 1st part - P3 can proceed without BTD - most of the products go into P3 w/o BTD.

The board has talked about BTD as a validation by FDA about product which will fetch higher deal value.

While you can twist the words, the
fact that approx only 4 BTD are granted every quarter tells you the rarity of it and importance it carries.

Also many times not getting BTD after applying for it gives negative feeling to the market about efficacy of product.

If B-OM gets BTD the SP will go up else it may step flat or go down in case of rejection