Special Report: You Could Lose or Make a Fortune The company’s star CBD drug can now be prescribed for a new condition, and its age range for a previous approval has been expanded. GW Pharmaceuticals’ (NASDAQ:GWPH) cannabidiol (CBD) drug Epidiolex has been granted Food and Drug Administration approval for a new indication. Additionally, its previous…
Unique Report: You Might Lose or Make a Fortune
GW Pharmaceuticals‘ ( NASDAQ: GWPH) cannabidiol (CBD) drug Epidiolex has actually been given Fda approval for a new indicator. In addition, its previous approval has been expanded to cover a broader age variety of patients.
The company announced Monday morning that the FDA had actually authorized the oral solution of Epidiolex as a treatment for seizures in clients age 1 and older struggling with tuberous sclerosis complex (TSC)– a rare congenital disease in which benign growths can grow throughout the body; the illness can likewise cause epilepsy.
The FDA also broadened its approval of Epidiolex to treat seizures in clients affected with Lennox-Gastaut syndrome or Dravet syndrome, two uncommon types of epilepsy. Just like TSC, the drug can now be administered to clients with these conditions who are age 1 and older.
Image source: Getty Images.
In 2018, Epidiolex (marketed as Epidyolex in Europe) became the very first and so far only cannabidiol– derived medication to be given approval by the FDA. GW Pharmaceuticals is a U.K.-based specialized pharmaceutical company that focuses on establishing and marketing treatments based upon CBD.
” This label growth, including the growth of the age range in all authorized indications, even more shows that the FDA procedure can continue to allow wider client access to properly checked regulatory authorized cannabinoid medications,” stated CEO Justin Gover.
” It likewise offers hope for these clients and their households and is yet another essential turning point for Epidiolex as a first-in-class antiepileptic drug,” he added.
Financiers seem to concur. In late-afternoon trading on Monday, GW Pharmaceuticals’ shares were up by about 4.5%, well outpacing the gains of the broader stock exchange.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.”>
position in any of the stocks mentioned.
The Motley Fool has no position in any of the stocks discussed.
The Motley Fool has a disclosure policy“>