Innovation Pharmaceuticals Inc (IPIX)

[PlentyParanoid]

Some lightweight pondering.

LR, I did a real quickie calculation. If I am correct Galera has around 140 M$ in equity funding (I assume most of it VC) when series A, B and C are combined. Plus some multiple of $80M payable as future royalties. According to link below that would put Galera's future sale/IPO value (assuming successful P3) above 1.5 B$. Probably in the neighborhood of $3B.

http://www.angelblog.net/Venture_Capital_Funds_How_the_Math_Works.html

Caveat: Heavy involvement of big pharma venture funds (Novo Nordisk and Novartis) may bring estimate lower. As far as I know, big pharma funds tend to operate with lower return expectations (because they can afford to) than traditional venture capital.

As I said this is pondering with not much thought put into it. What the above means for IPIX is anybody's guess.