Replies to post #244929 on Innovation Pharmaceuticals Inc (IPIX)

[MinnieM]

Yes, a term sheet exists, as per the most recent 10-K filed 9.11.18

We are waiting to see if and when it becomes a binding definitive agreement.

https://www.sec.gov/Archives/edgar/data/1355250/000147793218004457/ipix_10k.htm

The Company signed a non-binding term sheet in August 2018 with a global pharmaceutical company for the licensing/rights to Brilacidin for treating oral mucositis and inflammatory bowel diseases. Initial payments, milestone payments and royalties are being negotiated in accordance with the non-binding term sheet. The pharmaceutical company is now engaged in further due diligence. Management can offer no assurances that the parties will enter into a binding definitive agreement.

In Reply to 'MXAMDUD'
Do you think a term sheet actually exists? where are those 20 CDA's????

starting to think Leo is a class A BS artist that is just trying to arrange financing schemes to keep his lifestyle afloat