"The term sheet is alive and well." That was true on May 16th. There's no way to know if it's true now. http://www.ipharminc.com/press-release/2019/5/16/innovation-pharmaceuticals-announces-non-binding-term-sheet-signed-with-global-pharmaceutical-company-to-develop-and-commercialize-brilacidin-for-ulcerative-proctitisproctosigmoiditis