The tooltip says it does 371 damage per condition on the target with no cap (like other skills have a cap of 5 conditions like necro's scepter 3.) But in testing it, the damage of the skill only accounts for one condition, not even multiple with a cap. It's only a 371 damage bonus if there is a condition on the target, nothing to do with per or multiple. I tested DPS from the Iboga in the raid training area with no conditions, one condition, and all conditions and the damage between one and all is equal. I'm not sure which part is the bug, the tooltip or the skill. I'd hope it's the skill because I'd love better synergy with dagger dropping 3 condis out.
So yeah the new Iboga pet is busted. Can it please get looked into? I'm rather saddened by another Wyvern disappointment this time around, hope it won't take as long to be addressed as those did.