InMed Pharmaceuticals Inc (TSE:IN) Developing Treatment for Epidermolysis Bullosa
InMed Pharmaceuticals Inc (TSE:IN) (OTCMKTS:IMLFF) (FRA:MWG2) is a drug development company focused on cannabinoid-based medicine. President and CEO Eric A. Adams provides an overview of the company’s activities. InMed does not use the cannabis plant for its research and development program; instead, the company is biosynthesizing cannabinoids. InMed is developing a treatment for epidermolysis bullosa (EB) also known as the “butterfly child syndrome.” While its EB treatment has the potential to be a blockbuster drug, similar to Epidiolex in its impact, it is in the clinical trial phase and is still a few years away from market. In the interim, InMed hopes its biosynthesis process will be profitable soon and the company is looking to develop products for skin and eye conditions as well. InMed is in a position to fund this research, having raised $24 million in 2018.
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