Innovation Pharmaceuticals Inc (IPIX)

[BonelessCat]

For BP, it’s not just the upfront money, it’s also the next pivotal trial costs and milestones. Trial costs may exceed $100 million and milestones are likely to include the start of trials and successful interim results. They would be on the hook for as much as 120 million to 200 million. That’s not a rounding error even for the biggest BP and its drug development budget.