Innovation Pharmaceuticals Inc (IPIX)

[thefamilyman]

Don’t forget that the FDA has granted Emergency Use Authorizations (EUA) for several drugs to try to address the Covid pandemic. If Brilacidin performs well against Covid in the upcoming trial, I expect it will also get an EUA. The federal government is also purchasing significant quantities of any approved drug that appears to work even minimally against a Covid. I expect that US purchase, and purchases by other governments around the world, will provide the funding necessary to complete any Phase 3 trials needed. The recent Merck deal (link below) for $356,000,000 ($3,560 per dose) is an example of what I’m talking about.

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

Cowtown said,

A Phase III trial is going to be expensive and I assume the company will need to chip into their 600M Authorized Shares to raise money.