Innovation Pharmaceuticals Inc (IPIX)

[Drano]

Valuation of Prurisol: I think people are vastly underestimating the import of Prurisol. Yes, it's an "insurance policy" if Kevetrin fails -- the way that MDVN's flagship drug failed, murdering the stock, but then a secondary drug hit big and the stock went up 500% from its depressed level.

But consider this: if Prurisol can cure or at least treat psoriasis, it very may have some efficacy against other auto-immune diseases such as other forms of rheumatoid arthritis (psoriasis is considered a form of RA), or Sjogren's (horrible disease), and other similar diseases. That would put Prurisol in a category that is just as valuable as Kevetrin is likely to be.