InMed Pharmaceuticals Inc (INM): company makes no money and there's no av...

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InMed Pharmaceuticals Inc (INM)

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Re: portfoliomaster post# 3970

Tuesday, 12/12/2017 2:53:10 PM

Tuesday, December 12, 2017 2:53:10 PM

company makes no money and there's no avenue for making money for a long, long time and that justifies a quadrupling of market cap?

GW Pharmaceuticals has been losing money for years. Analysts don't expect them to turn a profit until at least 2019 when their leading drug candidate, Epidolex, hits the market. Nevertheless they are trading at $120+/share.

Drug companies are valued for their future potential not their current sales.

That said, we're due for a bit of profit taking and consolidation.

Les

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Recent INM News

Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 08:20:52 PM
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Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2024 05:34:44 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/26/2023 06:07:20 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/26/2023 06:05:14 PM
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