Replies to post #324080 on Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

It's reasonable to think that. They would want to know that the stuff can be made in adequate quantities and that there is adequate cash to operate. But that Cash can be raised in the blink of an eye and it seems early to be doing that....in fact the FDA would acknowledge the Company's ability to access the Aspire agreement.

I think the IND will rise or fall based on the science, not a weak financial position that can be readily remedied through an existing Agreement. Besides we're talking pandemic, a nod in the right direction from the FDA would likely kick some government funding into gear.


Just to add to the earlier math a bit:
During the period that $1.8M was raised only $1.4M was spent.