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Cannabis drug on sale in Canada   Message List  
Reply | Forward Message #23 of 101 |
http://news.bbc.co.uk/2/hi/business/4110948.stm

Cannabis drug on sale in Canada

The world's first cannabis-based drug has gone on sale in Canada, and
the UK firm which developed it says it remains committed winning a UK
sales licence.
Sativex is a mouth spray for multiple sclerosis (MS) sufferers, who
can use it to alleviate pain.

GW Pharmaceuticals said it remains "committed to securing approval of
Sativex across Europe and elsewhere".

GW Pharmaceuticals has been asked to provide more data to support its
application for a UK licence.

Sativex contains the same active ingredients as cannabis -
tetrahydrocannabinol and cannabidiol.

'Milestone'

GW Pharmaceuticals said the Canadian market launch of Sativex was
a "transforming event" for the company.

It marked "not only our first successful product launch but the first
launch of a cannabis derived prescription medicine anywhere in the
world", the Salisbury-based firm said.

GW Pharmaceuticals also announced its pre-tax losses narrowed to
£5.9m in the six months to 31 March, compared to £7.9m year-earlier.

It is now looking forward to getting its first sales revenues.

German drugs group Bayer has taken on the marketing of Sativex in
Canada, paying GW Pharmaceuticals £1m in cash for the licence
agreement since 31 March.

GW Pharmaceuticals had originally hoped to win UK approval for
Sativex in 2003.

The UK government granted GW Pharmaceuticals a licence to cultivate
cannabis for medical research purposes and plants are grown at a
secret location in the English countryside.

Last December, however, the UK authorities said they wanted more
evidence about its benefits before they approved it.






Fri Jun 24, 2005 9:13 pm

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http://news.bbc.co.uk/2/hi/business/4110948.stm Cannabis drug on sale in Canada The world's first cannabis-based drug has gone on sale in Canada, and the UK...
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Jun 24, 2005
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