Innovation Pharmaceuticals Inc (IPIX)

[Lemoncat]

Depends on the rest of the deal.

To get $100M upfront would mean we're likely dealing with a $1B+/year indication. So the deal would probably be something like $100M upfront + $400M in milestones + 9% royalty.

So probably $2-5/share.

I don't know who would give us $100M upfront or on what but that's another question.