Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

No, they didn’t make a new company to separate KARD from IPIX. The separation was more physical than legal. The CRO and biopharma were always two separate companies, one private and one public. The two shared the same suite of offices and lab space, only.

However, there were many agreements between the two, including shares paid to KARD to fund preclinical work on ultimately all 3 platforms, work that began before the formation of CTIX but resulted in shares for mouse studies.