Innovation Pharmaceuticals Inc. (IPIX)
Innovation Pharmaceuticals Inc. operates in the Biotechnology industry of the Healthcare sector, headquartered in Wakefield, MA, US. The stock last traded at $0.00, down 68.00% on the session, giving a market capitalisation of $414,677. On trailing twelve-month figures it carries a trailing P/E of -0.13, a net margin of 0.0%. Its beta of -0.49 implies it has historically moved less than the broad market.
Innovation Pharmaceuticals Inc. is a clinical-stage biopharmaceutical company dedicated to the development of small molecule therapies. Its pipeline targets a range of medical areas, including inflammatory diseases, cancer, dermatology, and infectious conditions. The company's lead drug candidate, Brilacidin, is currently in development for treating oral mucositis, inflammatory bowel disease, acute bacterial skin and skin structure infection, and COVID-19. Furthermore, Innovation Pharmaceuticals is advancing Kevetrin, an anti-cancer compound being investigated for ovarian cancer. The company holds a license agreement with Alfasigma S.p.A. and has a collaborative research agreement with Fox Chase Chemical Diversity Center, Inc. Established in 2005 and headquartered in Wakefield, Massachusetts, the firm operated as Cellceutix Corporation until its name change to Innovation Pharmaceuticals Inc. in June 2017.
Innovation Pharmaceuticals Inc. is most often compared with the following Healthcare names: