Canada markets close in 4 hours 56 minutes
  • S&P/TSX

    19,223.80
    +160.89 (+0.84%)
     
  • S&P 500

    3,914.73
    +2.99 (+0.08%)
     
  • DOW

    31,517.08
    +16.40 (+0.05%)
     
  • CAD/USD

    0.7766
    +0.0008 (+0.10%)
     
  • CRUDE OIL

    108.96
    +1.34 (+1.25%)
     
  • BTC-CAD

    26,780.65
    -945.27 (-3.41%)
     
  • CMC Crypto 200

    453.24
    -8.55 (-1.85%)
     
  • GOLD FUTURES

    1,826.60
    -3.70 (-0.20%)
     
  • RUSSELL 2000

    1,773.01
    +7.27 (+0.41%)
     
  • 10-Yr Bond

    3.1620
    +0.0370 (+1.18%)
     
  • NASDAQ

    11,595.31
    -12.31 (-0.11%)
     
  • VOLATILITY

    27.72
    +0.49 (+1.80%)
     
  • FTSE

    7,258.85
    +50.04 (+0.69%)
     
  • NIKKEI 225

    26,871.27
    +379.30 (+1.43%)
     
  • CAD/EUR

    0.7324
    -0.0022 (-0.30%)
     

InMed Pharmaceuticals (INM): Notable Launches of High-Value Rare Cannabinoids

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

LONDON, UK / ACCESSWIRE / May 3, 2022 / InMed Pharmaceuticals (INM) continues its transition from a pure-play pharma R&D firm to one also benefiting from commercial sales into the health and wellness market. Product launches of high-value, rare cannabinoids into this market should provide the majority of its revenue in the near future. INM also made notable advances in its pharmaceutical drug development programs, including its ongoing 755-201-EB Phase II trial and preparing for an FDA pre-investigational new drug meeting on glaucoma drug candidate INM-088. We expect to see a different InMed going forward, one that offers near-term revenue generation combined with the longer-term value of its pharma drug development programs.

We have updated our valuation to consider a range of scenarios as well as accounting for the BayMedica acquisition. Our risk-adjusted per basic share valuations are US$6.0 (base), US$16.0 (bull), and US$1.5 (bear), versus the previous US$20.53. The key factors influencing our valuation are the market share InMed can capture with its biosynthesis platform and its EB treatment, projected sales for its cannabinoid health & wellness products, and rolling our model forward.

Click here to view the full report or here to sign up to receive research as it is published.

All reports published by Edison are available to download free of charge from its website www.edisongroup.com

About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Kenneth Mestemacher +44 (0)20 3077 5700 healthcare@edisongroup.com
Soo Romanoff +44 (0)20 3077 5700 healthcare@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn www.linkedin.com/company/edison-group-/
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv

SOURCE: Edison Investment Research Limited



View source version on accesswire.com:
https://www.accesswire.com/699905/InMed-Pharmaceuticals-INM-Notable-Launches-of-High-Value-Rare-Cannabinoids

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting