Is InMed Pharmaceuticals (OTCQB:IMLFF) the Next Big Thing in Cannabis?

 kathmandu:novem 11/26/2017 sunday >Beauty Nepal < Birbal Tmang.


The biotech sector is well known for delivering triple-digit, quadruple-digit and even quintuple-digit stock winners.  It’s not uncommon for a biotech company to go from relative unknown status to $ Billions in market value literally overnight.  It’s the nature of the game for the biopharma industry and it holds true for our next hot pick, InMed Pharmaceutical (OTCMKTS:IMLFF)
The majority of biotech companies start off as primarily research, with no revenue and very little entry into the development phases… and that’s what sets InMed Pharmaceuticals apart.  Proven expertise, a proprietary cutting-edge technology and TWO drugs already heading towards clinical trials could quickly position InMed as a major player.
Inmed Pharmaceutical Progresses Toward Cannabinoid-Based Drug Therapies
Inmed Pharmaceutical (CSE: IN; OTC: ILMFF) appears to be making progress towards the development of Cannabinoid-based drug therapies after announcing on October 3, 2017 that it had filed a provisional patent on its pain therapy application using synthesized cannabinoids verses extracts from the plant.
On October 17, 2017 ILMFF updated investors on its pain relief study saying that the results from these studies suggest that peripheral application of certain cannabinoid compounds, alone or in combination, is effective in the treatment of craniofacial muscle pain disorders, without any observed CNS side effects, and may be a more desirable strategy than systemic pain-relief administration.
ILMFF sees its cannabinoid-based drug therapy as a substitute for opioids.  “There remains a significant need in the field of analgesia for a product that can treat pain via a topical route of administration, which would reduce systemic exposure and any associated side effects,” said Dr. Sazzad Hossain, Chief Scientific Officer of ILMFF.
But on October 24, 2017 ILMFF announced even better news relating to its hydrogel-medicated cannabinoid nanoparticle delivery to the eye, resulting in enhanced drug uptake via the cornea and lens.  The Company said that its study “validates the Company’s capacity to conduct a wide spectrum of drug development activities.”
CEO Eric Adams said, “This [study] demonstrates our depth of know-how and supports our trajectory to becoming an industry leader.”
Inmed’s advancements in medical science also caught the eye of Canadian Securities Regulators recently, which added IN/ILMFF to the CSE25 Index on September 21, 2017.   The CSE25 is a sub-group to the CSE Composite Index.  The CSE25 Index includes the top 25 securities by market capitalization.
ILMFF is on the verge of becoming a heavy-weight among marijuana stocks, given that its already in Phase 1 testing on two synthetic cannabinoids with the FDA and is sitting on patents that protect its proprietary pharmaceutical products.
Over the last six months, ILMFF shares have fallen from a high of $0.72 hit in early April to a low of $0.18 in mid-August.   Now, shares of Inmed Pharmaceutical have recovered more-than half the loss to trade at $0.33.
So, is ILMFF dead in the water?   NOT BY A LONG SHOT!!  But as Financials Trend stresses patience with this stock to our readers, we’re also growing more bullish as positive news continues to flow out of Inmed Pharmaceutical’s corporate office.
Is it still a four-bagger, you ask?   Financials Trend has not swayed in its outlook and may in the near term raise it higher.
IMLFF is a FOUR-BAGGER or I’ll eat my hat!!   Here’s why…

1. Top management bios read like a who’s who of bio-pharmaceutical. InMed’s Chief Medical Officer, Dr. Ado Muhammed, MD, DPM, MFPM was instrumental in leading GW Pharmaceuticals to its position as the largest stock on the Marijuana Index.
2. InMed has developed a sophisticated “bioinformatics tool” that can identify potential therapies using 90+ of the minor Cannabinoids for a myriad of specific diseases. (Just to give you an idea of how big that is, GW Pharma has only identified 15, and they are trading at a $2.8B market cap.)
3. InMed currently has TWO drugs on the verge of PHASE ONE TRIALS WITH THE FDA, both with Billion Dollar ++ markets. And was able to make that happen FOR UNDER $5 MILLION BUCKS – FOR BOTH DRUGS!!

• (INM-705) for the treatment of Epidermolysis Bullosa – an orphan pediatric disease with no current approved therapies and a potential market of $1 BILLION+
• (INM-085) for the treatment of Glaucoma, a $5 BILLION DOLLAR POTENTIAL MARKET.

AND HERE IS WHERE IT GETS REAL….
InMed Pharmaceutical (OTCMKTS:IMLFF) drugs are developed using non-psychoactive cannabinoids.  Here’s the kicker:  They don’t extract cannabinoids from the marijuana plant, which is an expensive and time consuming process.   The true innovation lies in the proprietary technology that enables InMed to produce bio-identical synthesized cannabinoids.  If you didn’t get that, it means they make them in the lab bio-synthetically not from organically-grown cannabis!! This means cheaper, purer and more focused applications that are scalable to an industry expected to grow to $20.6 billion by 2020, according to Arcview Market Research.  If you’ve been following the cannabis industry, you know that is a groundbreaking feat in its own rite… and one that could make InMed a coveted acquisition target.