Innovation Pharmaceuticals Inc (IPIX)

[Phoenix300]

10-Q “We have no product sales to date and we will not receive any product revenue until we receive approval from the FDA or equivalent foreign regulatory agencies to begin marketing a pharmaceutical product. Developing pharmaceutical products, however, is a lengthy and very expensive process. Assuming we do not encounter any unforeseen safety or efficacy issues during the course of developing our product candidates, we do not expect to complete the development of a product candidate for several years, if ever.”

“...... we do not expect to complete the development of a product candidate for several years, if ever.”