InMed Pharmaceuticals reports $1.1 million in BayMedica revenues for Q1 fiscal 2026

Reuters11-07
InMed Pharmaceuticals reports $1.1 million in BayMedica revenues for Q1 fiscal 2026

InMed Pharmaceuticals Inc. reported cash and cash equivalents of $9.3 million as of September 30, 2025, down from $11.1 million at the end of June 2025. Short-term investments were $42.9 thousand, and accounts receivable totaled $343.5 thousand. Inventories stood at $890.8 thousand. General and administrative expenses were $1.5 million for the three months ended September 30, 2025, and are expected to remain stable for the remainder of fiscal 2026. Research and development expenses decreased due to reduced spending on external contractors and compensation but are anticipated to increase as preclinical and IND-enabling work on lead program INM-901 advances. The company expects available cash to fund planned operations into the fourth quarter of calendar year 2026. Business developments include progress toward clinical readiness for INM-901, a small-molecule therapy targeting multiple pathways associated with Alzheimer's disease, and the addition of two new directors to the board.

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