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Home People Doctors

GW Pharmaceuticals: What The Recent Epidiolex Approval Foretells

Seeking Alpha by Seeking Alpha
July 13, 2018
in Doctors, Health, Investments, Marijuana Stocks, Patients, United States
22nd Century Files Modified Risk Tobacco Product Application with the FDA
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U.S. Food and Drug Administration / FDA

No wisepilot, no matter how great his talent and experience, fails to use his checklist.

– Charlie Munger

On June 25, 2018, the FDA made the historic approval of cannabidiol (Epidiolex) of GW Pharmaceuticals (NASDAQ:GWPH) for the treatment of seizure associated with Lennox-Gastaut syndrome and Dravet syndrome. The aforesaid catalyst is unprecedented, as it’s the first approval for a cannabis-derived product as a legitimate medication. Despite the approval, the stock does not trade higher subsequent to the mentioned event. Interestingly, the approval caused investors to β€œsell on the news.” Be that as it

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Tags: cannabidiolCBDDravet syndromeEpidiolexGW Pharmaceuticals Plc.Lennox-Gastaut syndromeNASDAQ:GWPH

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