Sep. 16 at 4:45 PM
$IPIX from ChatGPT..."Innovation Pharmaceuticals Inc. appears to still exist as a legal corporate entity, but I would not consider it a normally functioning, compliant public biotechnology company today. More importantly, the SEC began an enforcement proceeding against it on August 28, 2026 — just over two weeks ago — that could result in the registration of IPIX shares being revoked.
The SEC is now deciding whether to:
suspend IPIX's securities registration for up to 12 months or revoke the registration altogether. Even more concerning, the SEC ordered IPIX to answer the allegations within 10 days of service. If it fails to answer or appear, the SEC can deem the company in default and resolve the proceeding against it.
As of my search today, September 16, 2026, the SEC still lists proceeding 3-22682 against Innovation Pharmaceuticals as an open litigated administrative proceeding."