InMed Pharmaceuticals Inc. is a pharmaceutical company. It develops a pipeline of small molecule drug candidates targeting the CB1/CB2 receptors. Its InMed Pharmaceuticals segment is engaged in the research and development of small molecule pharmaceuticals drug candidates. Its BayMedica Commercial segment is engaged in the manufacturing technologies to produce and commercialize bulk rare cannabinoids for sale as ingredients in the health and wellness industry. Its pharmaceutical pipeline consists of three programs, with drug candidates targeting Alzheimer’s disease, dry age-related macular degeneration, and Epidermolysis Bullosa. Its INM-901 is a drug candidate being developed as a potential treatment for Alzheimer’s disease. Its INM-089 is cannabinoid analog being studied for its potential as a treatment for age-related macular degeneration. Its INM-755 is a cannabinol topical cream which has completed Phase 2 clinical trial studies for the treatment of epidermolysis bullosa.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 19.52% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 4.94M.
Fairly Valued
The company’s latest PE is -0.21, at a medium 3-year percentile range.
Institutional Buying
The latest institutional holdings are 124.98K shares, increasing 23.56% quarter-over-quarter.
Held by James Simons
Star Investor James Simons holds 0.00 shares of this stock.