InMed Pharmaceuticals Inc (INM)

[rosie10]

InMed Announces Agreement to Advance a Topical Formulation of INM-750

CSE: IN
OCTQB: IMLFF

VANCOUVER, June 13, 2017 /CNW/ - InMed Pharmaceuticals, Inc. ("InMed" or the "Company") (CSE: IN; OTCQB: IMLFF), a biopharmaceutical company specializing in the research and development of novel, cannabinoid-based drug therapies, is pleased to announce it has signed an agreement with Pharmaseed Ltd, Israel's largest GLP-certified pre-clinical contract research organization, to develop a final formulation for InMed's lead compound, INM-750, a proprietary, topical cannabinoid product candidate intended as a therapy in epidermolysis bullosa and other potential dermatological and wound-healing applications.

"This agreement with Pharmaseed now adds one of Israel's leading formulation development teams to our efforts and represents an important strategic relationship as we move INM-750 towards our first clinical trial," stated Eric A. Adams, CEO of InMed.

Under the agreement, Pharmaseed will develop a final formulation for INM-750 for continued R&D including IND-enabling pharmacology and toxicology studies and subsequent clinical studies. Also included under the scope of the contract is the development of assay methods for manufacturing, stability, quality assurance and other analytical methods.

About Pharmaseed

Pharmaseed is Israel's largest GLP private research organization leading in the development of life-science early stage technologies from discovery to the first in man/patient stage. The company specializes in both efficacy proof-of-concept studies and safety evaluation in various animal models, as well as complementary formulation development and in vitro/ex-vivo services. Its core competence lies in the area of translational and regenerative medical projects with main expertise in: Stem Cell, CNS, Pain, Cancer, Angiogenesis, Inflammation, Dermatology, Metabolic disorders, Infectious diseases and Medical devices. Over 50% (40) of the company's employee have PhD degrees representing many years of experience in academic and applied scientific research activity.
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