Innovation Pharmaceuticals Inc (IPIX)

[Truthbythought]

Which quote made the partnership so clear? Partnerships only happen if a good deal comes along. A good deal does not always come along. Most biotechs would rather do a financing if the partner would take too much of the value. Then again you could be right and its a partnership.

Either way we have the money we need. Either way we gave up something to get something. Personally unless its a necessary partnership (ie commercialization which we could not achieve on our own) I would rather we just take the ball into the endzone financed with equity as needed. Dilution in the midst of real progress isn't a big deal and often preferable to selling the cows for some quick cash.