Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

Again why did Dapto get bought out for $10b?

Cubist had a nice pipeline that was acquired which accounted for the lion's share of that buyout.

Do you think that may have influenced the decision to proceed with the phase 2?

Yes.

What do you think of the ceo who paid $10b for a drug that was losing patent protection.

They paid that for the entire pipeline not just Cubicin.

Makes Leo look pretty smart.

No it doesn't. Leo was the one who invested in a trial to match Cubicin which was going to become a generic only a couple years later.

I think Leo made the right call on putting that phase 3 on hold.

You might have been right if not for COVID. It should have been us raking in that $2B instead of Remdesivir.

Go IPIX!