InMed Pharmaceuticals Inc.
InMed Pharmaceuticals Inc. Q2 FY2021 earnings call
February 11, 2021 · fiscal period ended 2020-12
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2021-02-11
Management highlights
- Acknowledged the impact of COVID-19 on operations but noted minimal initial impact, with some delays due to third-party service provider restrictions. - Achieved key clinical and business development milestones in Q2 2021, including closing an $8 million financing and a $4.5 million private placement, extending cash runway. - Highlighted achievements in therapeutic development: INM-755 Phase I trials showed safety/tolerability; INM-088 preclinical results on IOP relief and neuroprotection; IntegraSyn platform advancing with collaboration with BayMedica.
Segment performance
No detailed breakdown of financial performance by product segments with revenue contribution percentages provided in the transcript.
Guidance
- Previously had cash runway into Q3 2021; after the private placement, will update cash runway guidance. - Plan to file clinical trial applications for INM-755 Phase II in Q2 2021 and initiate patient enrollment in H2 2021; plan to file applications for INM-088 in H1 2022 for human clinical testing.
Risks
- Impact of COVID-19 on third-party service providers causing delays in timelines. - Uncertainties in clinical trial outcomes, regulatory approvals, and commercialization of products.
Q&A highlights
Q: On the INM-755 Phase II trial, what geographical area?
A: European area selected as most cost-effective.
Q: On IntegraSyn partnerships, expected in 2021?
A: Will engage other cannabinoid manufacturers but outcomes uncertain.
Q: On G&A spending, future outlook?
A: G&A will be higher going forward due to increased costs from financings, compliance, etc.
Q: Changes to Phase II trial design based on Phase I?
A: Trial design built on Phase I learnings but no major changes.
Q: BayMedica collaboration prospects?
A: Research collaboration; results expected in H1 2021 to assess potential licensing deals.
Q: GW Pharma acquisition relevance?
A: Shows potential of cannabinoid-based pharmaceuticals, aligning with InMed's path.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $-185.00 | $-120.00 | -54.2% | $-0.66 |
| Revenue | — | — | — | — |
Transcript
February 11, 2021Full transcript unavailable for redistribution
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Prior quarters
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