I don't know but I would have loved to have seen it, especially if the fan poster is any indication of what it would be like. Would easily be a #2 "I wish" film right behind Vampirella starring Caroline Munro.
I suspect that while they were capable of the necessary special effects, Hammer probably just wasn't willing to spend the money. They produced some great films with limited budgets but the bottom line always seemed to be there.
That and for some reason the Invisible Man never seemed to have the same impact as the "monsters" of Universal. Many consider it more sci fi than horror, something they wouldn't do with a similar idea like Frankenstein. Personally it is one of my favorite classic Universal films.
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