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InMed Pharmaceuticals (IN)

Business description

InMed is a biopharmaceutical company focused on manufacturing and developing cannabinoids. Its platform may be able to produce cannabinoids for less cost and with improved purity compared to currently used methods. The company is developing a pipeline, including INM-750 for epidermolysis bullosa, a serious, debilitating orphan indication.

Stock data

Market cap.C$73.5m
Last closeC$0.43
High / Low (52 weeks)C$2.4 / C$0.4
Stock market listingCN
Forecast net cash (C$m)18.9
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(31.8)(53.3)(56.1)
Relative *(30)(49.3)(52.2)

* % Relative to local index

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Y/E Jun Revenue (C$m) EBITDA (C$m) PBT (C$m) EPS (c) P/E (x) P/CF (x)
2017A 0.0 (3.3) (3.2) (3.27) N/A N/A
2018A 0.0 (5.5) (5.3) (3.74) N/A N/A
2019E 0.0 (7.5) (7.1) (4.08) N/A N/A
2020E 0.0 (11.5) (11.4) (6.34) N/A N/A

Last updated on 20/11/2018

Investment summary

InMed is a Canada-based biopharmaceutical company focused on maximizing the therapeutic potential of cannabinoids. Through its biosynthesis platform, the company believes it has distinct advantages over both naturally sourced and chemically synthesized cannabinoids, which could give it access to both the medical and retail markets, although the process is still in development. The company is also developing a proprietary pipeline, including INM-750 for epidermolysis bullosa (EB), a serious orphan indication, and expects to file a CTA and/or an IND for INM-750 in H219.

Last updated on 29/11/2018

Industry outlook

The market for cannabinoids, whether FDA-approved, medical or recreational is growing at a fantastic rate. Legal cannabis sales in the US alone were around $7.5 billion in 2017 and we expect it to grow to $28 billion by 2023.

Last updated on 29/11/2018

Key management

Jeff Charpentier, CFO
Josh Blacher, Chief Business Officer
Eric Adams, President & CEO

Company address

409 Granville Street
Suite 340, Vancouver
V6C 1S4
Canada
604-669-7207
View website