All About Multiple Sclerosis

More MS news articles for January 2003

GW brings forward launch of cannabis-based medicine

Wednesday January 15, 02:43 PM

GW Pharmaceuticals, the company licensed by the Home Office to work with cannabis and a range on controlled drugs for medical research, said on Wednesday that it was on track to submit a regulatory application for the world's first non-smoked prescription cannabis-based medicine in this year's first quarter.

Unveiling GW's preliminary full-year results, executive chairman Geoffrey Guy said positive results from four Phase III trials in multiple sclerosis and neuropathic pain had taken GW a step closer to the product's launch.

The treatment is now scheduled for launch in 2003, rather than the originally scheduled 2004.

For the full year, GW said it posted a net loss of £11.2m - in line with expectations - and that it had net cash of £20.2m at the year-end.

In mid-afternoon trading, shares in GW were down 2 per cent at 172p.

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