Replies to post #267038 on Innovation Pharmaceuticals Inc (IPIX)

[steelyeye]

Right of first refusal, and right of first negotiation are both huge signals, imo. Tells me there is likely more than one party involved, and thus negotiations may take longer.

Or, we could get an update in the am?

The non-binding term sheet also includes a Right of First Refusal for rights to Brilacidin for the treatment of more extensive forms of Inflammatory Bowel Disease, such as Ulcerative Colitis and Crohn’s Disease, and a Right of First Negotiation for rights to Brilacidin in other Gastrointestinal (GI) indications.

Link to PR of May 16, 2019