Innovation Pharmaceuticals Inc (IPIX)

[wsbc]

...which takes me back to my initial concern of:

Why the hell didn't these guys capitalize this thing when they had the chance?
Priority #1 with a new business. Capitalize it so you can conduct 'normal business operations'.

Was the fact that clinical trials aren't free, somehow a surprise to management?

Didn't see too much financial stuff on Procarta but the other two had one thing in common....what on the surface seemed to be a robust cash position. Admittedly too brief an analysis but it suggested to me that Novo might be more receptive to providing funds where there's no sense of desperation and hence less to lose.