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Friday, August 05, 2022 2:33:09 PM
It was reported at a shareholder meeting that a B-OM deal was nixed when there was a change of CEO at an interested pharma. Leo may have thought other offers would be coming.
Then Covid hit in early 2020 and the focus shifted to anti-viral and anti-inflammatory aspects of B. But it didn't hit primary endpoints in Nov. 2021, so another pivot back to B-OM and hire a business development director to "get it done."
My speculation is that Leo has always had high numbers in mind for B indications, given the addressable markets, and shunned low ball discussions.
Perhaps there was push back from pharmas interested in B-OM, so Leo had the payer analysis done.
If anyone is interested, they now have current information about the addressable market and lack of viable candidates.
I hope the next PR is a term sheet.
in response to
So for the life of me, I cannot understand nor believe how Leo let this “Fire” that IPIX had after the FDA meeting concerning the results of the Phase II Clinical Trial and guidance for the Phase III trial just fizzle.
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
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