Innovation Pharmaceuticals Inc (IPIX)

[petemantx]

Very nice progress by BeaMed but IMO still far too early to have any impact on SP as system won't even get FDA approval until summer of next year.

Hope that we get to test the system prior to that (maybe Mar//Apr?) on actual patients so that FDA can give approval by summer. Doesn't everyone agree that there are patients out there now that have such severe epileptic seizures that cannot be operated on w/ today's technology who would gladly consent to being a guinea pig for this new system if it gives them a chance at a normal life?

I had mentioned this time frame earlier this year and also that it may take another year or two after FDA approval before BeaMed determines it is the appropriate time to file an IPO. This delay would be so they could show a steep ramp up of revenues prior to IPO so IPO would bring in a nice offering price. IPIX must ensure we last that long and it is my main concern for the investment at this time.

It does appear though that the Scorpion System may become the 'standard' for laser surgical use across all areas of medicine.

IMO we still need a deal soon and it must bring in $10MM to keep IPIX fluid. Even if that means giving up a wad re: OM or some form of IBD I say take the deal so we don't go under completely.

Glad to see today's news, expected it due to the leadership at BeaMed, but still quite a ways to go IMO until we see some uptick in share price.