Vancouver, BC – June 16, 2016 – InMed Pharmaceuticals Inc. (“InMed” or “the Company”) (CSE: IN; OTCQB: IMLFF), a biopharmaceutical company specializing in the research and development of novel, cannabinoid-based therapies, is pleased to announce today the appointment of Mr. Eric A. Adams as CEO, President and as a member of the Board of Directors. Mr. Adams is a seasoned biopharmaceutical executive with over 25 years’ experience in company and capital formation, global market development, mergers & acquisitions, licensing and corporate governance.
Mr. Adams states, “I’m excited to join InMed at this stage of its development. The assets developed to date by Dr. Sazzad Hossain, InMed’s Chief Scientific Officer, and his research collaborators have significant potential for success. InMed’s proprietary bioinformatics drug candidate database, its cutting edge cannabinoid biosynthesis program, and active drug development programs in epidermolysis bullosa, glaucoma and other promising disease targets provide an incredibly strong platform for the company’s growth through both direct and licensed revenue models; there are short- and medium-term value driving milestones for InMed in all of these areas. We plan to monetize these assets and continue to fund development of important cannabinoid-based drugs for diseases with high unmet medical needs. I look forward to working with the management team and Board to build a successful, diversified drug development company that will tap into the vast potential of cannabinoid therapeutics and contribute to the understanding and commercialization of this important and largely undiscovered class of drugs.”
Mr. Adams previously served as CEO at enGene Inc., which he led from a nascent start-up to becoming a venture capital-backed leader in gene therapy. Prior to enGene, he held key senior roles in global market development with QLT Inc. (Vancouver), Advanced Tissues Science Inc. (La Jolla), Abbott Laboratories (Chicago), and Fresenius AG (Germany). Mr. Adams is well regarded in the Canadian biotech industry for his service as a strategic advisor to a number of early-stage biotech companies, as a previous Chairman of BIOTECanada’s Emerging Company Advisory Board and for his extensive generosity in mentoring biotech entrepreneurs. He is a dual citizen of Canada and the United States and holds a Masters of International Business from the University of South Carolina and a Bachelors in Chemistry from the University of Southern Indiana.
Chris Bogart will be stepping down as Interim CEO and resuming his role as SVP of Corporate Strategy and Investor Relations. Additionally, InMed announces it has accepted the resignation of Paul Brennen as a Director of the Company, effective today. The Board wishes to thank Mr. Brennan for his efforts.
InMed is a pre-clinical stage biopharmaceutical company that specializes in developing novel therapies through the research and development into the extensive pharmacology of cannabinoids coupled with innovative drug delivery systems. InMed’s proprietary bioinformatics drug candidate identification platform, biosynthesis manufacturing, and accelerated drug development pathway are the fundamental value drivers of the company.
For more information, visit www.inmedpharma.com
Contact: InMed Pharmaceuticals Inc.
SVP, Corporate Strategy & Investor Relations
E: [email protected]
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