Innovation Pharmaceuticals Inc (IPIX)

[thefamilyman]

That’s $356,000,000 for only 100,000 doses, which works out to $3,560 per dose. I wonder what price they will be willing to pay for a therapeutic that really works against the virus itself; as opposed to working against just one symptom?

From the article:

Under the agreement, Merck will receive up to ~$356M for manufacturing and supply of approx. 60,000-100,000 doses of MK-7110 through June 30, 2021. This approach is intended to expedite delivery of MK-7110.

https://seekingalpha.com/news/3646907-merck-inks-supply-deal-for-up-to-100k-doses-of-mkminus-7110-for-covidminus-19