Innovation Pharmaceuticals Inc (IPIX)

[Brinjal]

Well, the hastily raised finance concluded on 12/09. Considering where we are, it wouldn't be a stretch to posit that the raise was to compensate the CRO. This means that the CRO would not have done any work prepping for the trials till they saw the dollars.

Assuming it takes a quarter to prepare for the trials, that would take us into the end of February. And just to be safe with our timeline estimates, since this is IPIX, end of March would be more realistic. Another month and a half for all 120 to be dosed, that would take us into mid May. Then another month to collate the data, and we are seeing mid-June for the publishing of the results. So let's sit tight till then.

Nothing happens in a vacuum, every cause has an effect. Just dismissing the capital raise as a nothing burger was foolish.