Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

If a deal is struck B phase 3 will cost IPIX nothing. The licensee or partner will be responsible for costs from that point forward. Upfront money and milestone payments will go to further development of other drugs and indications. Your assumption that IPIX will pay is dead wrong, unless Leo fails to license OM, then we are all pretty much out of business. It’s my opinion that there will be a license; the question is the terms: upfront, benchmarks and royalties.

All those other questions you raise become moot with the close of any deal.