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Home 🌿 Cannabis Technology News 🌿 Why Medical Marijuana Caused GW Pharmaceuticals to Climb 10% in November 🌿Why Medical Marijuana Caused GW Pharmaceuticals to Climb 10% in November
What: Ahead of data from trials evaluating its marijuana-derived therapies for the treatment of epilepsy, shares in GW Pharmaceuticals (NASDAQ:GWPH) increased by 10.5% in November.
So what: Perhaps no other company is as focused on using marijuana to develop medicine as GW Pharmaceuticals.
The company already has one THC drug, Sativex, on the European market as a treatment for multiple sclerosis muscle spasms. GW's marijuana studies include the evaluation of the marijuana cannabidiol CBD for the treatment of Dravet syndrome and Lennox-Gastaut syndrome, two rare forms of epilepsy.
GW Pharmaceuticals is expected to release data from ongoing late-stage trials in these indications in Q1. If those results are positive, then its drug, Epidiolex, may offer newfound hope to thousands of patients; earlier this year, the company reported that patients participating in a non-placebo controlled study experienced 52% fewer seizures when taking Epidiolex for 12 weeks.
Now what: In September, the company...
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