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Recently, GW Pharmaceuticals (Nasdaq: GWPH) introduced they have actually become part of a contract with Jazz Drugs (Nasdaq: JAZZ) for Jazz to get GW Pharma. Both boards of supervisors for both business have actually accepted the offer as well as they anticipate the procurement to enclose the 2nd quarter of 2021.
GW Pharma is popular in the marijuana market as creating the initial as well as just FDA-approved medicine having CBD, Epidiolex. Epidiolex is accepted for the therapy of seizures in unusual conditions like serious kinds of epilepsy. GW is likewise presently in stage 3 tests looking for FDA authorization for a comparable medicine, Nabiximols, that deals with convulsions from problems like several sclerosis as well as spine injuries.
Jazz Drugs is a biopharmaceutical firm based in Ireland that is understood for its medicine Xyrem, which is accepted by the FDA to deal with narcolepsy.
Bruce Cozadd, chairman as well as Chief Executive Officer of Jazz, claims the procurement will certainly unite 2 business that have a performance history of creating “differentiated therapies,” contributing to their profile of rest medication as well as their expanding oncology service. “We are excited to add GW’s industry-leading cannabinoid platform, innovative pipeline and products, which will strengthen and broaden our neuroscience portfolio, further diversify our revenue and drive sustainable, long-term value creation opportunities,” claims Cozadd.
Justin Gover, Chief Executive Officer of GW Pharma, claims both business share a vision for creating as well as marketing ingenious medications, with a concentrate on neuroscience. “Over the last two decades, GW has built an unparalleled global leadership position in cannabinoid science, including the successful launch of Epidiolex, a breakthrough product within the field of epilepsy, and a diverse and robust neuroscience pipeline,” claims Gover. “We believe that Jazz is an ideal growth partner that is committed to supporting our commercial efforts, as well as ongoing clinical and research programs.”
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Resource cannabisindustryjournal.com
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