InMed winds down BayMedica commercial operations to focus on drug development pipeline

Reuters03-07

InMed winds down BayMedica commercial operations to focus on drug development pipeline

InMed Pharmaceuticals Inc. said its board has approved BayMedica LLC’s plan to wind down and exit its commercial operations, citing uncertainty around proposed U.S. federal legislation that could restrict parts of BayMedica’s cannabinoid business and inventory. The company expects the wind-down to be substantially completed before BayMedica’s fiscal year-end on June 30, 2026, while continuing limited sales, marketing, manufacturing, and logistics during the transition. InMed said it will then focus exclusively on advancing its drug development pipeline, including INM-901 for Alzheimer’s disease and INM-089 for dry age-related macular degeneration, and expects to incur about $550,000 in severance costs plus roughly $120,000 in additional related expenditures through fiscal 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. InMed Pharmaceuticals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202603061704NEWSFILECNPR____20260306_286536_1) on March 06, 2026, and is solely responsible for the information contained therein.

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