InMed Pharmaceuticals Inc. (“InMed” or the
“Company”) (Nasdaq: INM), a leader in the research, development,
manufacturing and commercialization of rare cannabinoids, is
pleased to announce that its subsidiary, BayMedica, will be
providing rare cannabinoids for use in Radicle Science, Inc.’s
Radicle Energy rare cannabinoid study to assess the effects of
delta-9 (“d-9”) dominant tetrahydrocannabivarin (“THCV”) on energy,
focus/attention, appetite and weight/BMI. BayMedia will be
supplying its highly pure d-9 dominant THCV, formulated into a
proprietary lozenge manufactured by Trokie.
This rare cannabinoid, consumer-based
investigation will measure the effects of the Company’s d-9
dominant THCV in a randomized, blinded, placebo-controlled study in
up to 900 adult participants aged 21 and older who reside in the
United States. The study includes three dosing groups including a
placebo group (no THCV), each delivered via Trokie’s proprietary
lozenge technology. The study is set to begin participant
recruitment in May and will run for a four week period starting in
June with results expected during the summer. The study is part of
Radicle Science’s large scale investigations into several rare
cannabinoids involving up to 10,000 participants in total, the
largest of its kind to date.
“We are excited to be part of this
groundbreaking study with Trokie and Radicle Science in advance of
our commercial launch of d-9 dominant THCV. Radicle Science has
been at the forefront of cannabinoid research, providing much
needed scientific evidence to validate the effects of cannabinoids,
and Trokie is a leader in unique and effective delivery systems for
cannabinoids,” said Dr. Shane Johnson, SVP and General Manager of
BayMedica. “As a company driven by data and science, independent
third-party research provides important information as we continue
to expand our product portfolio of rare cannabinoids for the health
and wellness market. Evidence-based decision making is key to
facilitate adoption of rare cannabinoids by consumers, brands and
healthcare providers. This research will advance the understanding
of rare cannabinoids, which have been historically
under-investigated.”
Dr. Emily Pauli, Pharm.D, Chief Research Officer
of Radicle Science, added, “Consumers have been reporting anecdotal
benefits from THCV; but, to date, we have sparse evidence on it and
other rare cannabinoids. We look forward to analyzing the results
of this inaugural study of THCV, which is the first of its kind in
a consumer-driven setting. With the large number of participants,
we can assess whether there are meaningful improvements with energy
and focus, as well as any impact on appetite. With our innovative
AI-enabled approach, we can study diverse Americans across the
country - which may also reveal personalized factors that impact
the effect of THCV.”
“This study continues Trokie’s commitment to
developing products based on scientific evidence and rigorous
standards” said Gavin Chandler, CFA, CEO and President of Trokie.
“The Radicle Science Discovery platform is the gold standard in the
health and wellness industry for understanding how cannabinoid
products can provide health benefits across many different
populations. We are excited to partner with BayMedica on this
study, with their differentiated rare cannabinoids of exceptional
quality and purity, which matches our product philosophy.” Trokie’s
Advisory Board member, Jordan Tishler, MD, President of the
Association of Cannabinoid Specialists and faculty at Harvard
Medical School, added, “The Radicle Energy study will significantly
add to the body of knowledge regarding the health effects of lesser
known cannabinoids like THCV. The combination of Trokie’s novel
delivery system, BayMedica’s high purity cannabinoids, and
Radicle’s Discovery study platform provide an excellent opportunity
to learn more about how these products can improve human
health.”
BayMedica – We do cannabinoids
differentlyBayMedica manufactures rare cannabinoids
through novel synthetic methods that ensure reproducible quality
and purity. The Company’s products are manufactured under
food-grade GMP (Good Manufacturing Practice) standards for the
health and wellness sector, and are bioidentical to plant-derived
compounds. These cannabinoids can be custom formulated for a
variety of consumer health and wellness applications including
supplements, nutraceuticals, cosmetics and animal health. Utilizing
reproducible processes guarantee the purity and consistency of our
cannabinoids each and every time. Furthermore, these production
methods can be scaled up to meet demand to ensure that clients have
an ongoing source of cannabinoids without supply chain concerns.
BayMedica has large scale batches of cannabidivarin (“CBDV”),
cannabichromene (“CBC”) and cannabicitran (“CBT”) available for
wholesale purchase and will be commencing B2B sales of d-9 dominant
tetrahydrocannabivarin (“THCV”) soon.
About
THCV:Tetrahydrocannabivarin, also known as THCV, or
d9-THCV, is a naturally occurring compound of the Cannabis sativa
plant, and is an analog of the better known major cannabinoid,
tetrahydrocannabinol (“THC”). While these two cannabinoids share a
similar structure and name, they have very different physiological
effects. Notably, unlike THC which is intoxicating and
produces a “high” or euphoric effect, and is a scheduled
compound that is federally illegal unless prescribed by a
physician, THCV is non-intoxicating and is not a scheduled
compound.
Learn more about InMed’s Cannabinoids in
Development:
https://www.inmedpharma.com/pharmaceutical/cannabinoids-in-development/
Learn more about BayMedica’s
THCV: https://www.baymedica.com/tetrahydrocannabivarin-thcv/
Learn more about BayMedica’s
CBC: https://www.baymedica.com/cannabichromene-cbc/
About InMed: InMed
Pharmaceuticals is a global leader in the research, development,
manufacturing and commercialization of rare cannabinoids. Together
with its subsidiary BayMedica, LLC, the Company has unparalleled
cannabinoid manufacturing capabilities to serve a spectrum of
consumer markets, including pharmaceutical and health and wellness.
InMed is also a clinical-stage company developing a pipeline of
rare cannabinoid therapeutics and dedicated to delivering new
treatment alternatives to patients that may benefit from
cannabinoid-based pharmaceutical drugs. For more information,
visit www.inmedpharma.com and www.baymedica.com.
About Radicle Science: Radicle Science is an
AI-driven healthtech B-corp offering the first ever scalable path
to validate and predict the effects of health and wellness
products, transforming them into democratized precision solutions
for ailments or enhancement of human function. Radicle Science
leverages a proprietary data analytics platform and a virtual,
direct-to-consumer (D2C) clinical trial model to deliver objective
health outcome data across diverse populations and conditions—all
at a fraction of the cost and time of traditional methods. The
Radicle Vision is a future where affordable, accessible health and
wellness products are trusted by patients, recommended by
healthcare providers, reimbursed by insurance and used as widely as
pharmaceutical drugs. Learn more at www.RadicleScience.com.
Investor Contact: Colin ClancySenior Director,
Investor RelationsT: +1.604.416.0999E: cclancy@inmedpharma.com
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 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.
Forward-looking information in this news release includes
statements about: providing rare cannabinoids for use in Radicle
Science, Inc.’s Radicle Energy rare cannabinoid study to assess the
effects of delta-9 (“d-9”) dominant tetrahydrocannabivarin (“THCV”)
on energy, focus/attention, appetite and weight/BMI; supplying its
highly pure d-9 dominant THCV, formulated into a proprietary
lozenge manufactured by Trokie; a consumer-based investigation will
measure the effects of the Company’s d-9 dominant THCV in a
randomized, blinded, placebo-controlled study in up to 900 adult
participants aged 21 and older who reside in the United States; a
study includes three dosing groups including a placebo group (no
THCV), each delivered via Trokie’s proprietary lozenge technology;
a groundbreaking study with Trokie and Radicle Science in advance
of our commercial launch of d-9 dominant THC; Radicle Science being
at the forefront of cannabinoid research, providing much needed
scientific evidence to validate the effects of cannabinoids, and
Trokie being a leader in unique and effective delivery systems for
cannabinoids; independent third-party research providing important
information as we continue to expand our product portfolio of rare
cannabinoids for the health and wellness market; evidence-based
decision making being key to facilitate adoption of rare
cannabinoids by consumers, brands and healthcare providers;
research that will advance the understanding of rare cannabinoids,
which have been historically under-investigated; analyzing the
results of this inaugural study of THCV, which is the first of its
kind in a consumer-driven setting; a large number of participants,
we can assess whether there are meaningful improvements with energy
and focus, as well as any impact on appetite; an innovative
AI-enabled approach, we can study diverse Americans across the
country - which may also reveal personalized factors that impact
the effect of THCV; developing products based on scientific
evidence and rigorous standards; The Radicle Science Discovery
platform is the gold standard in the health and wellness industry
for understanding how cannabinoid products can provide health
benefits across many different populations; differentiated rare
cannabinoids of exceptional quality and purity; significantly add
to the body of knowledge regarding the health effects of lesser
known cannabinoids like THCV; combination of Trokie’s novel
delivery system, BayMedica’s high purity cannabinoids, and
Radicle’s Discovery study platform provide an excellent opportunity
to learn more about how these products can improve human health;
manufactures rare cannabinoids through novel synthetic methods that
ensure reproducible quality and purity; manufactured under
food-grade GMP (Good Manufacturing Practice) standards for the
health and wellness sector, and are bioidentical to plant-derived
compounds; cannabinoids can be custom formulated for a variety of
consumer health and wellness applications including supplements,
nutraceuticals, cosmetics and animal health; Utilizing reproducible
processes guarantee the purity and consistency of our cannabinoids
each and every time; production methods can be scaled up to meet
demand to ensure that clients have an ongoing source of
cannabinoids without supply chain concerns;
being a global leader in the research,
development, manufacturing and development of rare cannabinoids;
and delivering new treatment alternatives to patients that may
benefit from cannabinoid-based pharmaceutical drugs.
With respect to the forward-looking information
contained in this news release, InMed has made numerous
assumptions. While InMed considers these assumptions to be
reasonable, these assumptions are inherently subject to significant
business, economic, competitive, market and social uncertainties
and contingencies.
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 Security 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.
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