Full Press Release Details
InMed Pharmaceuticals
Strengthens Patent Portfolio with Issuance of Three U.S. Patents
August 21, 2024 - InMed Pharmaceuticals Inc. ("InMed" or the "Company") (Nasdaq: INM), a pharmaceutical
company focused on developing a pipeline of proprietary small molecule drug candidates for diseases with high unmet medical needs, today
announced it has been issued three U.S. patents: one for its formulation and method of use in the treatment of epidermolysis bullosa and
related connective tissue disorders, one for biosynthesis manufacturing processes and one for an ocular drug delivery formulation.
The method of use patent,
entitled "Use of topical formulations of cannabinoids in the treatment of epidermolysis bullosa and related connective tissue disorders"
relates to INM-755 drug candidate which has completed a Phase 2 clinical trial in the treatment of symptoms related to epidermolysis bullosa.
The patent has now been granted in the U.S., Australia, Japan and Israel and is pending in several other jurisdictions. The biosynthesis
patent for the manufacturing of proprietary analogs for our drug development programs has been granted in U.S. Additionally, an ocular
drug delivery formulation and use patent has been granted/allowed in the U.S., Europe, Australia, Japan, and India and is also pending
in other jurisdictions.
As of August 20, 2024, InMed has a total of 13
patent families covering new chemical entities, formulations, manufacturing processes and methods of use. The Company continues to pursue
new chemical entity patents on the drug candidates for both its INM-901 program in Alzheimer's disease and INM-089 in dry Age-related
Macular Degeneration.
Summary of Granted Patents (to date):
| Subject Matter | Scope | Status and jurisdiction | ||
| Use of topical formulations of cannabinoids in the treatment of epidermolysis bullosa and related connective tissue disorders | Method of Use | Granted: US, Australia, Japan, Israel Pending: Several jurisdictions | ||
| Metabolic engineering of E. coli for the biosynthesis of cannabinoid products | Manufacturing Process | Granted: U.S. (will be issued on 9/3/24) Pending: Several jurisdictions | ||
| Ocular drug delivery formulation | Formulation, Method of Use | Granted/Allowed: Australia, Japan, India, Europe, U.S. | ||
| Recombinant production systems for prenylated polyketides of the cannabinoid family | Manufacturing Process | Granted: U.S., Mexico Pending: Several jurisdictions |
InMed's President and CEO, Eric A. Adams,
said "We are pleased to announce these U.S. patent issuances which help increase the commercial value of our programs and ensure
the long-term protection of our drug research and development efforts. We are committed to continuing to build our patent portfolio to
protect our novel drug candidates, methods of manufacturing these drugs, how they are formulated and how they are used to support the
development of new treatments for diseases with high unmet medical needs."
InMed Pharmaceuticals
is a pharmaceutical company focused on developing a pipeline of proprietary small molecule drug candidates targeting the CB1/CB2 receptors.
InMed's pipeline consists of three separate programs in the treatment of Alzheimer's, ocular and dermatological indications.
Together with our subsidiary BayMedica, we are a global leader in the manufacturing, development and commercialization of rare cannabinoids
and proprietary small molecule drug candidates. For more information, visit www.inmedpharma.com.
Vice President, Investor
and Corporate Communications
Cautionary Note Regarding Forward-Looking Information:
This news release contains "forward-looking
information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning
of applicable securities laws. Forward-looking statements are frequently, but not always, identified by words such as "expects",
"anticipates", "believes", "intends", "potential", "possible", "would"
and similar expressions. Such statements, based as they are on current expectations of management, inherently involve numerous risks,
uncertainties and assumptions, known and unknown, many of which are beyond our control. Forward-looking information is based on management's
current expectations and beliefs and is subject to a number of risks and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. Without limiting the foregoing, forward-looking information in this news release
includes, but is not limited to, statements about: pursuing new chemical entity patents on the drug candidates for both its INM-901 program
in Alzheimer's disease and INM-089 in dry Age-related Macular Degeneration; continuing to build a patent portfolio to protect of
composition of matter, formulations, manufacturing processes and methods of use.
Additionally, there are known and unknown risk
factors which could cause InMed's actual results, performance, or achievements to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking information contained herein. A complete discussion of the risks
and uncertainties facing InMed's stand-alone business is disclosed in InMed's Annual Report on Form 10-K and other filings
with the Securities and Exchange Commission on www.sec.gov.
All forward-looking information herein is qualified
in its entirety by this cautionary statement, and InMed disclaims any obligation to revise or update any such forward-looking information
or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results,
events or developments, except as required by law.