Innovation Pharmaceuticals Inc (IPIX)

[petemantx]

This is exactly the kind of deal I would like to see IPIX ink, a deal that protects both sides as to not overspending for something that doesn't pan out nor paying too little for something that produces far beyond initial estimates.

I push this point often as I have not seen many (if anyone) making the strong point that BP shouldn't be given a carte blanche super percentage of the revenues with no clauses that escalate greatly the percentage IPIX reaps as revenues increase for our drugs.

Even at the current time I believe a 15% royalty fee is entirely too low for IPIX since we will be handing a BP a finished product ready to start revenue generation immediately with no risk to them whatsoever. I believe 30-40% should be our starting figure for royalties and go up from there for each added segment of revenues (whether that be 10M, 100M, 500M, or 1B.

I know this percentage will be ridiculed by many since it is way, way out of the norm but again - different times bring about different ways of doing business.