Innovation Pharmaceuticals Inc (IPIX)

[williamssc]

Company remains engaged with suitors in trying to hammer out an acceptable agreement. No doubt IPIX wants a great deal to happen and so does our suitors but for them, and while we have a great compound we have little other leverage in the matter.

"We are engaged in licensing discussions with potential business partners for Brilacidin for the prevention of severe oral mucositis. In addition, we retained a prominent advisory company to help us with plans for this asset".