Replies to post #243961 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

I thought you were right the first time:
"We DON'T know the rules of negotiation specified in it. For instance, if a term sheet has an exclusivity clause then there can't be other term sheets or negotiations over same drug in parallel. Some pharmas do insist on exclusivity clause, others don't."

Now you think that the case is settled and you seem happy with the prospect that IPIX has been precluded from discussing or considering any offers involving B-OM/IBD that might have been contemplated by the other 19 NDAs.


If true, this obviously advantages the prospective buyer:
"...90% of the time...even a Non-binding term sheet will contain a time restriction during which acquirer has at least 90 days to complete DD and the target company cannot talk to or negotiate with any other potential acquirer."