InMed Pharmaceuticals shares are trading lower after the company announced results from its Phase 2 clinical trial for the treatment of symptoms related to epidermolysis bullosa showed the results for non-wound itch were not statistically significant in favor of INM-755 CBN cream.
Portfolio Pulse from Benzinga Newsdesk
InMed Pharmaceuticals announced that its Phase 2 clinical trial for INM-755 CBN cream, a treatment for symptoms related to epidermolysis bullosa, showed non-statistically significant results for non-wound itch.
June 22, 2023 | 6:25 pm
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InMed Pharmaceuticals' stock is trading lower after announcing non-statistically significant results for non-wound itch in its Phase 2 clinical trial for INM-755 CBN cream.
The announcement of non-statistically significant results for non-wound itch in the Phase 2 clinical trial for INM-755 CBN cream is likely to negatively impact InMed Pharmaceuticals' stock price in the short term, as it may raise concerns about the effectiveness of the treatment.
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IMPORTANCE 80
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