InMed Provides 2016 Year End Update

Epidermolysis Bullosa (EB) Development Program
Data generated in support of the EB program demonstrate that INM-750 may have a significant impact on the symptoms of EB (including accelerated wound healing and a reduction in inflammation, pain (and itch), and act as an anti-bacterial agent). Additionally, our data indicate that INM-750 may have an impact on the underlying disease by increasing keratin production in the skin. Key vendors to support the INM-750 development program have been identified and, in conjunction with access to additional funding in early 2017, we will move quickly to execute on our game plan of optimizing the final formulation, conducting key pre-clinical toxicology (safety) studies, and identifying clinical sites for the initial human clinical trial(s). 

Additional Assets
Assets such as the glaucoma drug development program (and, independently, the proprietary, once-per-day nanoparticle hydrogel formulation), the biosynthesis manufacturing process, and other new potential drug/disease targets matured in accordance with our plans during 2016. Together with our several external collaborators, we are exploring every avenue to expedite the advancement of these key assets. Several patents will be filed in 2017, at which time we can begin to publish our data and further validate to the scientific community and investor public the importance of our technologies.  

Looking Ahead in 2017
InMed has a tremendous wealth of assets and Management will continue to deploy our financial and human capital towards unlocking their full potential in order bring important new therapies to patients. Our plans in the New Year will continue the path that we have been following in 2016:  

• Research the fundamental benefits of cannabinoid drugs to treat diseases with high unmet medical needs; selectively advance high-potential drug candidates
• Identify and retain seasoned biopharmaceutical veterans to define and execute the drug development programs in a time- and cost-sensitive manner;
• Collaborate with biotech-savvy investor groups who are committed to realizing substantial medium and long-term returns on their investment in InMed; explore the partnership potential of the various programs and assets, and, when the ROI is meaningful, move quickly to conclude transactions.

InMed's success depends on your ongoing support and we are grateful for your continued confidence in our mission. We are committed to delivering meaningful scientific and drug innovations that will enhance the value of our Company and reward investors who join us on this journey. I look forward to updating you on the significant progress that InMed will be achieving in 2017

InMed wishes you and your family a joyful holiday season and a Happy New Year!

Eric A. Adams

President & CEO

About InMed

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 assessment tool, biosynthesis manufacturing process and drug development  pipeline are the fundamental value drivers of the Company.

For more information, visit www.inmedpharma.com

Cautionary Note Regarding Forward-Looking Information

Forward Looking Statements

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.

Additionally, there are known and unknown risk factors which could cause InMed Pharmaceuticals 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. 

All forward-looking information herein is qualified in its entirety by this cautionary statement, and InMed Pharmaceuticals 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.

These risks and uncertainties include, among others, the possibility that clinical trials will not be successful, or be completed, or confirm earlier clinical trial results, risks associated with obtaining funding from third parties, risks related to the timing and costs of clinical trials and the receipt of regulatory approvals.

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SOURCE InMed Pharmaceuticals Inc.