20170911|IPIX|26699|0|59998|O 44.49% http://re
Post# of 72440
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Posted On: 09/11/2017 7:14:56 PM
20170911|IPIX| 266 99 |0| 59998 |O 44.49%
http://regsho.finra.org/FORFshvol20170911.txt
low volume days allow one to break out the ole' calculator to see what gets marked
and what gets mirrored ..
so far like T+2's *impact* ..
News out @ 11AM this morning ****
trades ..
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.7501Down -0.0101 (-1.33 %)AS OF 3:50:33PM ET 09/11/2017
Last Trade 0.7501
Trade Time 3:50:33pm ET
Change -0.0101
% Change -1.33%
Open 0.745
Day High 0.77
Day Low 0.72
Previous Close
09/08/2017 0.7602
52-Week High
11/22/2016 1.505
52-Week Low
05/10/2017 0.63
Price Performance (Last 52 Weeks)
09/08/2017 -42.41%
Volume 59,998
Volume (10 day Average) 141,351
Volume (90 day Average) 229,473
Innovation Pharmaceuticals Secures New $30 Million Common Stock Purchase Agreement
GLOBENEWSWIRE 11:00 AM ET 9/11/2017
BEVERLY, Mass., Sept. 11, 2017 (GLOBE NEWSWIRE) -- Innovation Pharmaceuticals Inc.(IPIX), (“the Company”), a clinical stage biopharmaceutical company, today announces that the Company has entered into a new $30 million common stock purchase agreement with Aspire Capital Fund, LLC (“Aspire”). Under the agreement, Aspire has committed to purchase over the next three years up to an additional $30 million of IPIX common stock based on the prevailing market prices at the time of each sale. The timing of the purchases will be at the sole discretion of Innovation Pharmaceuticals(IPIX).
“We are thrilled to again extend our long-term funding relationship with Innovation Pharmaceuticals,” said Steven G. Martin, Managing Member of Aspire Capital. “We have invested $50 million in the Company in previous transactions. In that time, the Company has made tremendous progress, growing from a single drug candidate in one early clinical trial at the start of our relationship to now three drug candidates in mid- or late-stage development. Aspire Capital is extremely confident in this Company and its management team. We are very excited about the additional funding we can provide the Company under the new transaction. We believe that this additional funding will help the Company unlock tremendous value in its programs in the coming months and years.”
“For many years now, Aspire has been a tremendous institutional investor and financial partner to our Company and many of our successes to date are underscored by their unwavering support,” commented Leo Ehrlich, Chief Executive Officer at Innovation Pharmaceuticals. “Aspire’s new $30 million commitment combined with our cash on hand puts us in a strong financial position to continue our aggressive drug development strategies.”
Separately, the Company has filed all requisite documentation with the U.S. Securities and Exchange Commission (“SEC”) as part of a $75 million shelf registration. Additional information on the equity agreement with Aspire and the shelf registration is available in the Company’s filings with the SEC.
Management intends to use any future capital raised through these mediums for advancing the Company’s pipeline of clinical stage drugs and for general corporate expenses.
“While we work towards partnering, we intend to maintain the momentum of our clinical trials for all of our drug candidates. No assurances of trial outcomes can ever be made, but we must be financially aligned for Phase 3 studies of Prurisol for psoriasis and Brilacidin-OM for oral mucositis should the data be appropriately supportive, given the fact that the mid-stage trials are expected to be completed next quarter,” commented Arthur P. Bertolino, MD, PhD, MBA, President and Chief Medical Officer at Innovation Pharmaceuticals(IPIX).
Dr. Bertolino continued, “Furthermore, we are receiving significant interest in Brilacidin for inflammatory bowel disease following the successful completion of the Phase 2 proof-of concept study of Brilacidin for ulcerative proctitis/ulcerative proctosigmoiditis. Ongoing dialogue under confidentiality agreements has us planning for additional studies on that front. In addition, our ongoing Phase 2a study of Kevetrin for ovarian cancer should produce the first interim data during the fourth quarter as well. In aggregate and individually, we are addressing massive market opportunities and are committed to our vision to develop new medications for those in need.”
Alerts
Sign-up for Innovation Pharmaceutical email alerts is available at: www.ipharminc.com/email-alerts
About the Company
Headquartered in Beverly, Massachusetts, Innovation Pharmaceuticals Inc.(IPIX) is publicly-traded under the company symbol “IPIX”. The Company is clinical stage biopharmaceutical company developing innovative therapies in multiple diseases. The Company believes it has a world-class portfolio of first-in-class lead drug candidates and is now advancing them toward market approval, while actively seeking strategic partnerships. The Company’s Psoriasis drug candidate Prurisol completed a Phase 2 trial and a Phase 2b study is ongoing. Prurisol is a small molecule that acts through immune modulation and PRINS reduction. The Company’s anti-cancer drug Kevetrin successfully concluded a Phase 1 clinical trial at Harvard Cancer Centers’ Dana Farber Cancer Institute and Beth Israel Deaconess Medical Center, and the Company has commenced a Phase 2 study in Ovarian Cancer. In the laboratory, Kevetrin has been shown to modulate p53, often referred to as the “Guardian Angel Gene” due to its crucial role in controlling cell mutations. Brilacidin, a defensin mimetic compound, has shown in an animal model to reduce the occurrence of severe ulcerative Oral Mucositis (OM) by more than 94% compared to placebo. The Company is in a Phase 2 clinical trial with its novel compound Brilacidin-OM for the prevention of OM in patients with Head and Neck Cancer; interim results have shown a marked reduction in the incidence of severe OM (WHO Grade ≥ 3). The Company’s lead antibiotic, Brilacidin, has completed a Phase 2b trial for Acute Bacterial Skin and Skin Structure Infection, or ABSSSI. Top-line data have shown a single dose of Brilacidin to deliver comparable clinical outcomes to the FDA-approved seven-day dosing regimen of daptomycin. Brilacidin has the potential to be a single-dose therapy for certain multi-drug resistant bacteria (“superbugs”). Topline results are now available for the Phase 2, open label Proof-of-Concept trial, treating patients with Brilacidin for Ulcerative Proctitis/Ulcerative Proctosigmoiditis (UP/UPS), two types of Inflammatory Bowel Disease (IBD). The Company has formed research collaborations with world-renowned research institutions in the United States and Europe, including MD Anderson Cancer Center, Beth Israel Deaconess Medical Center, and the University of Bologna. More information is available on the Company website at www.IPharmInc.com.
Forward-Looking Statements: This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements concerning projected timelines for the initiation and completion of clinical trials, our future drug development plans, other statements regarding future product developments, including with respect to specific indications, and any other statements which are other than statements of historical fact. These statements involve risks, uncertainties and assumptions that could cause the Company’s actual results and experience to differ materially from anticipated results and expectations expressed in these forward-looking statements. The Company has in some cases identified forward-looking statements by using words such as “anticipates,” “believes,” “hopes,” “estimates,” “looks,” “expects,” “plans,” “intends,” “goal,” “potential,” “may,” “suggest,” and similar expressions. Among other factors that could cause actual results to differ materially from those expressed in forward-looking statements are the Company’s need for, and the availability of, substantial capital in the future to fund its operations and research and development; including the amount and timing of the sale of shares of common stock to Aspire Capital; the fact that the Company’s compounds may not successfully complete pre-clinical or clinical testing, or be granted regulatory approval to be sold and marketed in the United States or elsewhere. A more complete description of these risk factors is included in the Company’s filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. The Company undertakes no obligation to release publicly the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by applicable law or regulation.
INVESTOR AND MEDIA CONTACT
Innovation Pharmaceuticals (IPIX)
Leo Ehrlich
info@ipharminc.com
Source: Innovation Pharmaceuticals, Inc.(IPIX)
=====
4kids
RIP SM 9.11.2001
http://regsho.finra.org/FORFshvol20170911.txt
low volume days allow one to break out the ole' calculator to see what gets marked
and what gets mirrored ..
so far like T+2's *impact* ..
News out @ 11AM this morning ****
trades ..
15:50:33 0.7501 250 OTO
15:25:51 0.758 3000 OTO
15:25:42 0.757 1000 OTO
15:25:29 0.76 1467 OTO
15:00:10 0.76 533 OTO
14:58:18 0.76 2000 OTO
14:57:36 0.765 1000 OTO
14:43:51 0.7601 2070 OTO
14:21:49 0.76 423 OTO
14:16:56 0.7501 525 OTO
14:16:45 0.76 100 OTO
13:50:29 0.75 3500 OTO
13:47:41 0.759 200 OTO
13:34:16 0.75 1500 OTO
13:23:55 0.75 200 OTO
12:48:09 0.74 2200 OTO
12:48:07 0.7448 1000 OTO
12:48:01 0.75 2500 OTO
12:47:56 0.75 1000 OTO
12:35:14 0.75 1000 OTO
11:53:39 0.74 4800 OTO
11:37:54 0.74 1200 OTO
11:37:54 0.74 1500 OTO
11:34:49 0.735 500 OTO
11:27:09 0.7413 1000 OTO
11:20:52 0.7413 2000 OTO
11:18:47 0.746 1000 OTO
11:16:48 0.7462 1500 OTO
11:16:46 0.7494 1000 OTO
11:15:19 0.75 1500 OTO
11:15:17 0.75 906 OTO
11:12:28 0.75 1500 OTO
11:11:28 0.7498 594 OTO
11:07:01 0.75 200 OTO
11:06:23 0.72 1500 OTO
11:01:30 0.725 350 OTO
11:00:44 0.73 1000 OTO
11:00:35 0.729 1000 OTO
11:00:32 0.73 1000 OTO
11:00:27 0.73 1000 OTO ****
10:23:37 0.735 170 OTO ****
10:13:55 0.74 700 OTO
10:11:08 0.7382 1500 OTO
10:07:36 0.74 500 OTO
10:07:26 0.74 500 OTO
10:07:02 0.7484 1000 OTO
10:06:30 0.7457 1000 OTO
09:57:13 0.75 75 OTO
09:39:24 0.76 500 OTO
09:39:23 0.745 315 OTO
09:33:14 0.77 1350 OTO
09:30:26 0.73 100 OTO
09:30:26 0.73 250 OTO
09:30:11 0.745 1000 OTO
09:30:10 0.745 520 OTO
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.7501Down -0.0101 (-1.33 %)AS OF 3:50:33PM ET 09/11/2017
Last Trade 0.7501
Trade Time 3:50:33pm ET
Change -0.0101
% Change -1.33%
Open 0.745
Day High 0.77
Day Low 0.72
Previous Close
09/08/2017 0.7602
52-Week High
11/22/2016 1.505
52-Week Low
05/10/2017 0.63
Price Performance (Last 52 Weeks)
09/08/2017 -42.41%
Volume 59,998
Volume (10 day Average) 141,351
Volume (90 day Average) 229,473
Innovation Pharmaceuticals Secures New $30 Million Common Stock Purchase Agreement
GLOBENEWSWIRE 11:00 AM ET 9/11/2017
BEVERLY, Mass., Sept. 11, 2017 (GLOBE NEWSWIRE) -- Innovation Pharmaceuticals Inc.(IPIX), (“the Company”), a clinical stage biopharmaceutical company, today announces that the Company has entered into a new $30 million common stock purchase agreement with Aspire Capital Fund, LLC (“Aspire”). Under the agreement, Aspire has committed to purchase over the next three years up to an additional $30 million of IPIX common stock based on the prevailing market prices at the time of each sale. The timing of the purchases will be at the sole discretion of Innovation Pharmaceuticals(IPIX).
“We are thrilled to again extend our long-term funding relationship with Innovation Pharmaceuticals,” said Steven G. Martin, Managing Member of Aspire Capital. “We have invested $50 million in the Company in previous transactions. In that time, the Company has made tremendous progress, growing from a single drug candidate in one early clinical trial at the start of our relationship to now three drug candidates in mid- or late-stage development. Aspire Capital is extremely confident in this Company and its management team. We are very excited about the additional funding we can provide the Company under the new transaction. We believe that this additional funding will help the Company unlock tremendous value in its programs in the coming months and years.”
“For many years now, Aspire has been a tremendous institutional investor and financial partner to our Company and many of our successes to date are underscored by their unwavering support,” commented Leo Ehrlich, Chief Executive Officer at Innovation Pharmaceuticals. “Aspire’s new $30 million commitment combined with our cash on hand puts us in a strong financial position to continue our aggressive drug development strategies.”
Separately, the Company has filed all requisite documentation with the U.S. Securities and Exchange Commission (“SEC”) as part of a $75 million shelf registration. Additional information on the equity agreement with Aspire and the shelf registration is available in the Company’s filings with the SEC.
Management intends to use any future capital raised through these mediums for advancing the Company’s pipeline of clinical stage drugs and for general corporate expenses.
“While we work towards partnering, we intend to maintain the momentum of our clinical trials for all of our drug candidates. No assurances of trial outcomes can ever be made, but we must be financially aligned for Phase 3 studies of Prurisol for psoriasis and Brilacidin-OM for oral mucositis should the data be appropriately supportive, given the fact that the mid-stage trials are expected to be completed next quarter,” commented Arthur P. Bertolino, MD, PhD, MBA, President and Chief Medical Officer at Innovation Pharmaceuticals(IPIX).
Dr. Bertolino continued, “Furthermore, we are receiving significant interest in Brilacidin for inflammatory bowel disease following the successful completion of the Phase 2 proof-of concept study of Brilacidin for ulcerative proctitis/ulcerative proctosigmoiditis. Ongoing dialogue under confidentiality agreements has us planning for additional studies on that front. In addition, our ongoing Phase 2a study of Kevetrin for ovarian cancer should produce the first interim data during the fourth quarter as well. In aggregate and individually, we are addressing massive market opportunities and are committed to our vision to develop new medications for those in need.”
Alerts
Sign-up for Innovation Pharmaceutical email alerts is available at: www.ipharminc.com/email-alerts
About the Company
Headquartered in Beverly, Massachusetts, Innovation Pharmaceuticals Inc.(IPIX) is publicly-traded under the company symbol “IPIX”. The Company is clinical stage biopharmaceutical company developing innovative therapies in multiple diseases. The Company believes it has a world-class portfolio of first-in-class lead drug candidates and is now advancing them toward market approval, while actively seeking strategic partnerships. The Company’s Psoriasis drug candidate Prurisol completed a Phase 2 trial and a Phase 2b study is ongoing. Prurisol is a small molecule that acts through immune modulation and PRINS reduction. The Company’s anti-cancer drug Kevetrin successfully concluded a Phase 1 clinical trial at Harvard Cancer Centers’ Dana Farber Cancer Institute and Beth Israel Deaconess Medical Center, and the Company has commenced a Phase 2 study in Ovarian Cancer. In the laboratory, Kevetrin has been shown to modulate p53, often referred to as the “Guardian Angel Gene” due to its crucial role in controlling cell mutations. Brilacidin, a defensin mimetic compound, has shown in an animal model to reduce the occurrence of severe ulcerative Oral Mucositis (OM) by more than 94% compared to placebo. The Company is in a Phase 2 clinical trial with its novel compound Brilacidin-OM for the prevention of OM in patients with Head and Neck Cancer; interim results have shown a marked reduction in the incidence of severe OM (WHO Grade ≥ 3). The Company’s lead antibiotic, Brilacidin, has completed a Phase 2b trial for Acute Bacterial Skin and Skin Structure Infection, or ABSSSI. Top-line data have shown a single dose of Brilacidin to deliver comparable clinical outcomes to the FDA-approved seven-day dosing regimen of daptomycin. Brilacidin has the potential to be a single-dose therapy for certain multi-drug resistant bacteria (“superbugs”). Topline results are now available for the Phase 2, open label Proof-of-Concept trial, treating patients with Brilacidin for Ulcerative Proctitis/Ulcerative Proctosigmoiditis (UP/UPS), two types of Inflammatory Bowel Disease (IBD). The Company has formed research collaborations with world-renowned research institutions in the United States and Europe, including MD Anderson Cancer Center, Beth Israel Deaconess Medical Center, and the University of Bologna. More information is available on the Company website at www.IPharmInc.com.
Forward-Looking Statements: This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements concerning projected timelines for the initiation and completion of clinical trials, our future drug development plans, other statements regarding future product developments, including with respect to specific indications, and any other statements which are other than statements of historical fact. These statements involve risks, uncertainties and assumptions that could cause the Company’s actual results and experience to differ materially from anticipated results and expectations expressed in these forward-looking statements. The Company has in some cases identified forward-looking statements by using words such as “anticipates,” “believes,” “hopes,” “estimates,” “looks,” “expects,” “plans,” “intends,” “goal,” “potential,” “may,” “suggest,” and similar expressions. Among other factors that could cause actual results to differ materially from those expressed in forward-looking statements are the Company’s need for, and the availability of, substantial capital in the future to fund its operations and research and development; including the amount and timing of the sale of shares of common stock to Aspire Capital; the fact that the Company’s compounds may not successfully complete pre-clinical or clinical testing, or be granted regulatory approval to be sold and marketed in the United States or elsewhere. A more complete description of these risk factors is included in the Company’s filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements. The Company undertakes no obligation to release publicly the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by applicable law or regulation.
INVESTOR AND MEDIA CONTACT
Innovation Pharmaceuticals (IPIX)
Leo Ehrlich
info@ipharminc.com
Source: Innovation Pharmaceuticals, Inc.(IPIX)
=====
4kids
RIP SM 9.11.2001
(3)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
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