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InMed Pharmaceuticals (INM): Health and Wellness Product Launches

LONDON, UK / ACCESSWIRE / June 1, 2022 / InMed Pharmaceuticals has reported fiscal Q322 results (ending 31 March) benefiting from commercial sales into the health and wellness market. Its product launches of high-value rare cannabinoids contributed to its $0.3m revenues and should provide most sales in the near future. It has also made progress with its pharmaceutical drug development program for treating glaucoma, where it completed the FDA pre-investigational new drug (pIND) meeting for candidate INM-088. We continue to see InMed offering near-term revenue generation combined with the longer-term value of its pharma drug development programs.

We adjust our forecasts from those published in our Outlook report for the lower net cash balance ($5.0m) than in Q222 ($10.3m) and the slightly higher share count. Our risk-adjusted per basic share valuations are now $5.6 (base), $15.5 (bull) and $1.1 (bear), down slightly from our prior $6.0 (base), $16.0 (bull) and $1.5 (bear).

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:

Ken Mestemacher, CFA +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-/
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SOURCE: Edison Investment Research Limited



View source version on accesswire.com:
https://www.accesswire.com/703370/InMed-Pharmaceuticals-INM-Health-and-Wellness-Product-Launches

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