Innovation Pharmaceuticals Inc (IPIX)

[wsbc]

This would be the end of IPIX.

This is the entire pipeline: B & K.

If you sell everything for pennies on the dollar, when Leo's lowest current offer is indicating that B-OM is worth $150M/yr, then I'm not sure this would be even part of his consideration set.

Keep in mind that P53 modulation is sort of the 'holy grail' for cancer treatments. Leo's view of K is likely vastly different than what you're articulating here.

I feel based on the info they've provided to-date and the B-OM market, that B-OM alone should be worth a sum greater than $1B in a license-structured deal.

IMHO.

2) $200-600 million buyout of B and K