Innovation Pharmaceuticals Inc (IPIX)

[wsbc]

My concerns within this space are reflected in news like this today:

https://endpts.com/achaogens-bankruptcy-and-going-out-of-business-sale-offer-a-grim-cautionary-tale-for-the-future-of-antibiotic-development/


'The lights are winking out at Achaogen, offering another cautionary tale that will make it even less likely we’ll see new companies come along to develop antibiotics — even as drug-resistant strains of bacteria pose a rising threat to the world’s population.'

'On Monday, the South San Francisco-based biotech filed for Chapter 11 bankruptcy, setting up an auction for its assets, which primarily center on their recently approved antibiotic Zemdri — which boasted an ability to tackle carbapenem-resistant Enterobacteriaceae, the CDC’s “nightmare bacteria.” Its stock $AKAO, already deep in penny land, fell 68% to 16 cents a share, which underscores just what investors think that’s worth now.'


Have a read through the article. It's insightful

Author Copyright is: John Carroll from Endpoints News