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GW in 33 million dollar deal for drug from cannabis

Cambridge News

Tuesday 19 Apr 2011

GW Pharma, the company with operations at Ely among other secret locations, which has created a prescription drug out of cannabis, is steaming ahead after more than a decade of development.

The company, headed by Dr Geoffrey Guy, calls the cannabis prescription drug Sativex, and now has four big pharma partners on board, the latest Novartis, in a licensing deal giving exclusive commercial rights across the Middle and Far East, and Africa.

GW gets $5m upfront with a further 28m USD to come in milestone payments.

Sativex treats pain associated with cancer and MS.

http://www.cambridge-news.co.uk/Business/GW-in-33m-deal-for-drug-from-cannabis.htm

 

 

 

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