Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

My expectations were for the first deal to be lousy due to lack of bargaining power. My concern was for another pharma to validate Brilacidin and for others to see that Leo wasn't lying about a term sheet. I happen to believe the man even though I don't like all of his pr's.

So, on that basis, my expections have been met. This deal keeps them alive and I expect it to now be easier to close another deal. If he's working on another, it may have been a smart move to NOT disclose the upfront on this one.

Plus, since Alfasigma didn't disclose the upfront in their own news of the deal it may be their decision and not Leo's to not disclose it. None of us knows.

If they still need to raise more cash it should be less costly than without this deal. Time will tell.





In Reply to 'Lemoncat'
The upfront payment the the most important part of the first deal overall in my opinion. The first deal has to resolve our cash problem in order for me to consider it a success.