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UK: Cannabis drug firm on the up

Manchester Evening News

Wednesday 19 Jan 2005

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GW Pharmaceuticals today reported further positive clinical trial results
with its cannabis-based medicine and said a UK regulatory hearing on the
product was expected within six months.

The news, given alongside results showing a net loss of UKP13.7m for the
year to Sept. 30 - helped lift shares in the biotechnology company 5.1 per
cent to 123.5p.

GW's under-the-tongue cannabis spray Sativex has won qualified approval in
Canada for treatment of the symptoms of multiple sclerosis and neuropathic
pain, but it is still awaiting a green light in Britain.

UK approval is viewed as crucial, as it would open the door to the larger
European market. But the registration of the medicine has proved more
complicated and lengthy.


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