An excerpt from an email response from Leo this A.M. :

As we have stated we are involved in our business development activities while moving forward towards Phase 3. In addition, soon we hope to start up a program we put on hold due to financing needs.



We will keep shareholders posted.






Best wishes,

Leo Ehrlich | CEO |

Innovation Pharmaceuticals Inc.

100 Cummings Center, Suite 151-B Beverly, MA 01915

http://www.iPharminc.com