The concern is that there are numerous companies trying to come up with a cure or treatment. It is crazy out there and while IPIX is in the game, the reality is that the drug provided by most of these companies will fail. For IPIX to be the one would be a miracle. And unfortunately, IPIX has a history of building up hope but failing to deliver, so that does not bode well. Plus, we most likely have Leo cranking out shares by the millions and selling into this market, which may ultimately help the company and Leo but does not help the stock price. Would be great if a miracle happened and things went well but don't get your hopes up. Every time you do, this company let's you down.
On a positive note, most of the Coronavirus players are tanking today, but IPIX is up slightly.