Welcome to our dedicated page for Inmed Pharmaceuticals news (Ticker: INM), a resource for investors and traders seeking the latest updates and insights on Inmed Pharmaceuticals stock.
InMed Pharmaceuticals Inc. (NASDAQ: INM) is a pharmaceutical drug development company that regularly issues news and updates about its proprietary small molecule programs and related corporate activities. The company focuses on drug candidates targeting the CB1/CB2 receptors in three main therapeutic areas: Alzheimer’s disease, ocular conditions and dermatological indications, and it also reports on the commercial operations of its rare cannabinoid subsidiary BayMedica.
News about InMed often covers progress in its lead Alzheimer’s program INM-901, including preclinical data, pharmacokinetic studies in animal models and scientific presentations at major conferences such as the Alzheimer’s Association International Conference (AAIC). Releases describe how INM-901 is being evaluated across multiple biological pathways associated with Alzheimer’s disease and summarize findings from long-term studies in established disease models.
Investors and followers of INM can also find updates on INM-089, a proprietary small molecule drug candidate under investigation for dry age-related macular degeneration, including preclinical study results and formulation work for intravitreal delivery. In addition, InMed provides business updates on BayMedica, including sales performance, legislative developments affecting rare, non-intoxicating cannabinoids and the subsidiary’s evaluation of alternative supply chain options to maintain regulatory compliance.
Corporate and capital markets developments are another frequent theme in InMed’s news flow. The company announces private placements, preferred investment option amendments, participation in investor conferences, and changes to its board of directors, as well as the outcomes of its annual general and special meetings of shareholders. For readers tracking INM news, this page offers a centralized view of scientific, commercial, financial and governance announcements directly tied to the company’s disclosed activities.
InMed Pharmaceuticals (INM) is transitioning from a pure-play pharmaceutical R&D firm to include commercial sales in the health and wellness market. Upcoming product launches of high-value rare cannabinoids are expected to drive revenue growth. The company is also advancing its pharmaceutical drug programs, including a Phase II trial and preparations for an FDA meeting for its glaucoma drug candidate INM-088. Valuation scenarios have been updated, reflecting a risk-adjusted per basic share value ranging from US$1.5 to US$16.0.
InMed Pharmaceuticals (Nasdaq: INM) has published a patent application for various cannabinoid analogs, enhancing its library of proprietary compounds for pharmaceutical development. The application claims broad protections for these novel cannabinoid-related chemical entities, which may offer improved therapeutic effects over naturally occurring cannabinoids. InMed has initiated a collaboration with Italy's University of L’Aquila to screen these analogs for therapeutic uses.
This initiative aims to address unmet medical needs and solidify InMed's position in rare cannabinoid research and development.
InMed Pharmaceuticals has launched B2B sales of the rare cannabinoid cannabidivarin (CBDV) through its subsidiary, BayMedica, targeting wholesalers and product manufacturers in the health sector. CBDV is non-intoxicating and has therapeutic potential for conditions like autism and epilepsy. As research indicates a growing market for rare cannabinoids, estimated to reach US$26 billion by 2028, InMed aims to secure a reliable supply chain. The company also plans to introduce THCV to its product line soon.
InMed Pharmaceuticals (Nasdaq: INM) announced its participation in various investor events in April and May 2022. Key highlights include:
- Benzinga Spring Cannabis Capital Conference: April 20-21, 2022, Fontainebleau Miami Beach, Florida.
- Canaccord Genuity’s 6th Annual Global Cannabis Conference: May 11, 2022, Virtual.
- H.C. Wainwright Global Investment Conference: May 23-26, 2022, Virtual.
Management will conduct virtual meetings with institutional clients to discuss potential collaborations and the company's pipeline of rare cannabinoid therapeutics.
InMed Pharmaceuticals has announced the retirement of Chief Financial Officer Bruce Colwill effective March 31, 2022, who will continue as an advisor until June 30, 2022. Brenda Edwards has been appointed as Interim CFO starting April 1, 2022, bringing over 35 years of financial experience, including over 20 years in CFO roles. Eric Adams, CEO, expressed gratitude for Colwill's leadership during a pivotal time and welcomed Edwards for her extensive background in finance and management, emphasizing her suitability for the company's transitional phase.
InMed Pharmaceuticals (Nasdaq: INM) announced that Eric A. Adams, President and CEO, will present at the 34th Annual Roth Conference from March 13-15, 2022. Mr. Adams will host a fireside chat with Scoth Henry on March 15 at 09:30 AM ET. Investors can access a webcast of this event and an on-demand presentation through the company's investor relations webpage. The conference features numerous small group meetings and presentations from around 400 companies, focusing on emerging growth sectors.
InMed Pharmaceuticals (INM) reported its Q2 2022 financial results, showcasing a significant transition from a biotech firm to one with commercial sales, generating $0.3 million in revenue, all from cannabichromene (CBC). The company has also started selling cannabicitran (CBT). The acquisition of BayMedica enhances its portfolio, while ongoing clinical trials continue to advance. However, net losses increased to $4.3 million due to higher R&D and G&A expenses. With a gross cash balance of $11.3 million, INM anticipates adequate funding into Q1 2023.
InMed Pharmaceuticals (Nasdaq: INM) has appointed Gerard P. Griffin III as Vice President of Sales and Marketing for its subsidiary, BayMedica. Griffin brings extensive experience in the cannabinoid market, having previously held senior roles in both private and publicly traded companies. His appointment comes at a pivotal moment as BayMedica prepares to launch several high-demand rare cannabinoid products. This strategic move aims to enhance B2B sales and accelerate commercial activities in the consumer health and wellness space.
InMed Pharmaceuticals (Nasdaq: INM) has acquired BayMedica, enhancing its position in the rare cannabinoid market. The company announced a net loss of $7.3 million for Q2 FY2022, with research and development expenses rising significantly to $4 million. Despite the loss, InMed initiated sales of cannabicitran (CBT) and plans further launches of rare cannabinoids. They have also filed patents for neurological treatments and advanced their drug development programs, particularly INM-755 for Epidermolysis Bullosa and INM-088 for glaucoma. Cash reserves increased to $11.3 million.
InMed Pharmaceuticals (Nasdaq: INM) will report its second fiscal quarter results on February 15, 2022, for the period ending December 31, 2021. The company specializes in the research and commercialization of rare cannabinoids, aiming to serve pharmaceutical and health markets. With its subsidiary BayMedica LLC, InMed claims to have significant manufacturing capabilities. Financial statements and related MD&A will be accessible on the company’s website and other regulatory platforms. A conference call is scheduled for February 15 at 11 AM PT.