Replies to post #240732 on Innovation Pharmaceuticals Inc (IPIX)

[Pipilongstocking]

Yep nor do I.

[CallMeCrazy]

According to this link, 10 term sheet negotiations leads to "5 agreements" and "3 full deals signed" (page 6). This model suggests a biotech drop rate of at least 50%.

https://www.sharevault.com/downloads/whitepapers/ShareVault_WP_Getting_Ready_for_a_Biopharma_Partnering_Deal_FINAL.pdf?__hssc=16127337.1.1427209750908&__hstc=16127337.64b918542874cd0679102e2d18568c02.1422297947502.1425312467697.1427209750908.8&hsCtaTracking=7c7c31d5-48be-4813-9daf-bb4f6ff94240%7Caf5cb8b3-c342-4657-beb8-d6e21b94a3b3

Message in reply to:

It's a "big deal" in banking too. You rely on that to pay for DD, attorney drafts, etc. But it is not a "done deal." Roughly 20-25% of term sheets in banking are dropped. I have no idea what it is for biotech.