up 20% anyone know why?anybody know why the jump today? Nothing in the news?
InMed Pharmaceuticals, Inc. (OTCQX: IMLFF) (TSX: IN) 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 Pharmaceuticals Inc. recently reported financial results for the three and six months ended December 31, 2018, which is the Company's second quarter of the fiscal year 2019. "During the second quarter of fiscal 2019, InMed made some significant advancements, specifically with our two scientific priorities of 2019," stated President and Chief Executive Officer, Eric A. Adams. "Regarding our INM-750 program for the treatment of Epidermolysis Bullosa, we are nearing our final selection of the contract manufacturing organizations that will provide the process and analytical development and GMP production of the topical cream for our first-in-human trial; the final decision should be made by the end of this month. Between now and early summer, we will also be working on the GMP supply of the active pharmaceutical ingredients to be used in the Phase I clinical trial. During the balance of calendar 2019, we plan to initiate stability studies and other regulatory enabling studies, which will lead into Phase I trial. We are still currently targeting a Clinical Trial Application ("CTA") submission to Health Canada in the second half of calendar 2019, and the beginning of the Phase I trial by the end of calendar 2019."