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TheHound

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Re: MackG post# 395482

Tuesday, 12/20/2022 10:37:36 AM

Tuesday, December 20, 2022 10:37:36 AM

Post# of 403091
“Presently, the Company does not have sufficient financial resources to advance our drug candidates meaningfully.” - IPIX CEO

“In general, we expect to concentrate on product development and engage in a limited way in product discovery, avoiding the significant investment of time and financial resources that is generally required for a promising compound to be identified and brought into clinical trials.“ - IPIX CEO

Source: Management’s Plan of Operation, page 27, most recent 10Q filing - link below for context:

https://www.sec.gov/cgi-bin/browse-edgar?company=Innovation+Pharmaceutical&owner=exclude&action=getcompany

https://www.sec.gov/ix?doc=/Archives/edgar/data/1355250/000147793222008313/ipix_10q.htm

“And there seems to be no sign of intelligent life anywhere.”

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