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InMed Pharmaceuticals | 8-K: InMed Reports First Quarter Fiscal 2025 Financial Results and Provides Business Update

InMed Pharmaceuticals | 8-K: InMed Reports First Quarter Fiscal 2025 Financial Results and Provides Business Update

InMed Pharmaceuticals | 8-K:InMed公布2025财年第一季度财务业绩并提供业务最新情况
美股SEC公告 ·  2024/11/16 00:28

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InMed Pharmaceuticals reported strong Q1 FY2025 results with BayMedica commercial business generating revenues of $1.3M, up 40% YoY, and achieving a net income of $0.3M. The company's cash position stood at $5.6M as of September 30, 2024, expected to fund operations through Q1 2025.The company's Alzheimer's treatment candidate, INM-901, showed significant progress with positive behavioral data from long-term preclinical studies. The drug demonstrated therapeutic brain levels through oral administration, comparable to intraperitoneal injection. Further molecular analyses results are expected in Q4 2024.Research and development expenses decreased to $0.8M from $1.3M YoY, primarily due to reduced external contractor costs and patent fees. The company implemented a reverse stock split effective November 14, 2024, to maintain Nasdaq compliance while exploring strategic opportunities to enhance shareholder value.
InMed Pharmaceuticals reported strong Q1 FY2025 results with BayMedica commercial business generating revenues of $1.3M, up 40% YoY, and achieving a net income of $0.3M. The company's cash position stood at $5.6M as of September 30, 2024, expected to fund operations through Q1 2025.The company's Alzheimer's treatment candidate, INM-901, showed significant progress with positive behavioral data from long-term preclinical studies. The drug demonstrated therapeutic brain levels through oral administration, comparable to intraperitoneal injection. Further molecular analyses results are expected in Q4 2024.Research and development expenses decreased to $0.8M from $1.3M YoY, primarily due to reduced external contractor costs and patent fees. The company implemented a reverse stock split effective November 14, 2024, to maintain Nasdaq compliance while exploring strategic opportunities to enhance shareholder value.
InMed Pharmaceuticals 报告了强劲的 2025 财年第一季度业绩,BayMedica 业务部门的收入达到130万美元,同比增长40%,并实现净利润30万美元。截止至2024年9月30日,公司现金储备为560万美元,预计将支持运营至2025年第一季度。公司的阿尔茨海默病治疗候选药物 INm-901 显示出显著进展,来自长期临床前研究的积极行为数据。该药物通过口服给药显示出与腹腔注射相当的治疗性脑内水平。进一步的分子分析结果预计将在2024年第四季度公布。研发费用从去年的130万美元减少到80万美元,主要是由于外部承包商成本和专利费用的降低。公司于2024年11月14日实施了反向股票拆分,以保持纳斯达克合规,同时探索战略机会以增强股东价值。
InMed Pharmaceuticals 报告了强劲的 2025 财年第一季度业绩,BayMedica 业务部门的收入达到130万美元,同比增长40%,并实现净利润30万美元。截止至2024年9月30日,公司现金储备为560万美元,预计将支持运营至2025年第一季度。公司的阿尔茨海默病治疗候选药物 INm-901 显示出显著进展,来自长期临床前研究的积极行为数据。该药物通过口服给药显示出与腹腔注射相当的治疗性脑内水平。进一步的分子分析结果预计将在2024年第四季度公布。研发费用从去年的130万美元减少到80万美元,主要是由于外部承包商成本和专利费用的降低。公司于2024年11月14日实施了反向股票拆分,以保持纳斯达克合规,同时探索战略机会以增强股东价值。
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