InMed Pharmaceuticals Inc (INM)

[Stevemin]

How is this "awesome" news?
In typical Adams fashion, he just "gave em enough to shut em up".

All the NR did was name the CMO. OK, fine but we already knew they were working with a CMO (and Almac isn't earth shattering) and there was absolutely no info regarding the "biological burden" they have encountered and if a proper workaround has been discovered.
Remember, according to Dr. Hsu, they were supposed to be making a decision on the alternative method "in a couple of weeks" - that was months ago.

They, self admittedly, have been working with Almac for "several months" on this alternative method and apparently still don't have an answer. I understand that certain methods and procedures are proprietary, but don't tell us you'll have it figured out in a couple weeks and then neglect to address the issue when you in fact DON'T have it figured out.

This is a BS news release from Adams just to buy more time. This speaks to the lack of transparency that he has and his unwillingness to openly admit that his own timelines/milestones continually are missed without explanation.