Innovation Pharmaceuticals (OTCMKTS:IPIX) Stock Price Down 11.8%

Innovation Pharmaceuticals Inc (OTCMKTS:IPIX)’s share price dropped 11.8% during mid-day trading on Monday . The company traded as low as $0.15 and last traded at $0.15, approximately 473,705 shares changed hands during trading. A decline of 7% from the average daily volume of 510,674 shares. The stock had previously closed at $0.17.

The firm has a fifty day simple moving average of $0.18.

About Innovation Pharmaceuticals (OTCMKTS:IPIX)

Innovation Pharmaceuticals Inc, a clinical stage biopharmaceutical company, develops small molecule therapies to treat inflammatory diseases, cancer, dermatology, and anti- infective. The company's lead drug compound is Brilacidin, which is in Phase II study for the treatment of oral mucositis, inflammatory bowel disease, and acute bacterial skin and skin structure infection.

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