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

Rhea-AI Summary

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.

Positive

• Transitioning to include commercial sales in health and wellness market.
• Expected product launches of high-value rare cannabinoids to drive revenue.
• Advancements in pharmaceutical drug development programs, including Phase II trial.
• Risk-adjusted share valuations updated, indicating potential growth.

Negative

• Updated share valuation scenarios reduced from US$20.53, indicating potential concerns.

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.

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SOURCE: Edison Investment Research Limited

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FAQ

What is InMed Pharmaceuticals' stock symbol?

InMed Pharmaceuticals is traded under the stock symbol INM.

What recent developments have occurred at InMed Pharmaceuticals?

InMed Pharmaceuticals is transitioning to commercial sales of rare cannabinoids and advancing its drug development programs.

What are the updated valuations for InMed Pharmaceuticals?

The updated risk-adjusted valuations for InMed Pharmaceuticals are US$6.0 (base), US$16.0 (bull), and US$1.5 (bear).

What is the focus of InMed Pharmaceuticals' product launches?

InMed Pharmaceuticals is focusing on launching high-value rare cannabinoids into the health and wellness market.

What is the status of InMed's drug candidate INM-088?

InMed is preparing for an FDA pre-investigational new drug meeting for its glaucoma drug candidate INM-088.