Innovation Pharmaceuticals Inc (IPIX)

[Justfactsmam]

Grant...is an award (no obligation to repay) from GOV., Institution, or private party, awarded pursuant to specific terms and conditions outlined in the grant awarded.

...as in lasted Press Release ... where Testing facility joining with IPIX in Grant Application to receive free money to pursue further testing and/or human trials and other support.

Phase II Trial...trial to assess Efficacy ... i.e.does it work according to the parameters being tested in the trial, which is after Phase I (trial determining Safety general and specific dosage)

What Phase II Grant is that?...the one IPIX has made application for! Duh!