Innovation Pharmaceuticals Inc (IPIX)

[TheProgressive]

The original time frame had the POC trial starting roughly right now. However, this estimate was given by management before a visit to Dr. Reddy's revealed that they had found a way to greatly simplify the manufacturing process for Prurisol even further. This would make manufacturing the compound even more simple and substantially cheaper. So now the product has been refined and reformulated one more time, and is in he process of being manufactured for the planned trial.

This moves the start of the trial back a few months, well worth it for all the strategic long term financial cost benefits they will get from the move. So nothing is really delayed, they just hit pause since this newest reformulation would save them even more money and this was the one they wanted to be approved for final use in trials.