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GW Pharmaceuticals to begin trials again


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GW Pharmaceuticals, the drugs from cannabis company that has consistently failed to bring its painkilling medicine to market, dived 29 per cent as it said that European Union regulators were making it begin trials again.

 

The shares fell 27p to 65p, a two-year low. GW said that it would withdraw its application for EU approval for Sativex, the spray-under-the-tongue cannabis extract, so that it could conduct further trials.

 

Regulators ruled that there was not enough evidence in its trials that Sativex had any benefit over a placebo and that they must be redone. GW aims to reapply within 12 months.

Author: Robert Lindsay

Date: 21/07/07

Source: Times online

Copyright: 2007 Times Newspapers Ltd.

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