InMed and Almac Group Developing Improved Cannabinoid Production Methods
May 5, 2020
Vancouver, BC – May 5th, 2020 – InMed Pharmaceuticals Inc. (“InMed” or the “Company”) (TSX:IN; OTCQX:IMLFF), a clinical-stage pharmaceutical company developing medications targeting diseases with high unmet medical need and leading the way in the clinical development of cannabinol (“CBN”), today announced that it is working with the Almac Group (UK) (“Almac”) on a proprietary approach to augment current biosynthesis-based methods for cannabinoid production.
Over the last several months, InMed and Almac have been engaged in developing a streamlined cannabinoid manufacturing process, specifically optimizing the upstream cannabinoid assembly processes as well as downstream purification, to achieve cost efficient, GMP-grade active pharmaceutical ingredients for prescription-based medications.
“InMed’s research and development teams have been working diligently in identifying an approach that integrates several existing pharmaceutical manufacturing processes to enable cannabinoid production,” said InMed’s Senior Vice President, Preclinical Research & Development, Dr. Eric Hsu. “An essential part of our effort has been drawing on the extensive experience and ‘best practice’ expertise of leading contract development and manufacturing organizations. Almac brings extensive knowledge and a successful track record to this effort, from early process development to commercial-scale manufacturing. We are very much looking forward to continuing our combined efforts in optimizing different aspects of the cannabinoid manufacturing process.”
Prof. Tom Moody, Almac’s VP of Technology Development and Commercialization added, “Working with the InMed team on, what we all believe may become, a state-of-the-art approach to cannabinoid manufacturing has been an exciting challenge. Our companies continue to make steady progress in several areas across multi-disciplinary research including enzyme engineering, process design and development and downstream processing.”
About InMed: InMed Pharmaceuticals is a clinical-stage pharmaceutical company developing a pipeline of cannabinoid-based medications, initially focused on the therapeutic benefits of cannabinol (CBN) in diseases with high unmet medical need. The Company is dedicated to delivering new therapeutic alternatives to patients that may benefit from cannabinoid-based medicines. For more information, visit www.inmedpharma.com.