http://www.ananova.com/business/story/sm_374125.html
Story filed: 08:55 Tuesday 14th August
2001
GW Pharmaceuticals is to start trials
of a cannabis-based medicine in Canada.
This is the first trial undertaken
outside the UK by the company, and is believed to be the only trial of
its kind in North America.
Patients will be tested with a cannabis
extract which will be sprayed under the tongue.
It is claimed the drug will be effective
in treating Multiple Sclerosis, spinal cord injuries and other forms of
chronic pain.
In June, GW Pharmaceuticals raised
£25 million through an initial public offering.
The company, which is based near
Salisbury in Wiltshire, was founded three years ago and currently produces
15 tonnes of cannabis in secret locations in the UK each year. It aims
to increase this to 100 tonnes.
Chief executive Dr Geoffrey Guy saw
his paper fortune valued at £47 million when the company floated
on the Alternative Investment Market.
He says: "'The start of clinical
trials in Canada is the first phase of our international trials programme.
"We remain committed to the view
that a non-smoked form of cannabis medicine, developed in full accordance
with the standards of modern pharmaceuticals offers the best solution for
patients."