“In March, GW posted results of another study of Epidiolex that showed it was effective in Dravet syndrome, a form of epilepsy that afflicts just 6,000 children in the U.S. That result led GW Pharmaceuticals shares to surge 120% in a day to $85.Today’s news is that Epidiolex showed similar efficacy in a second clinical trial, for a second rare epilepsy, Lennox Gastaut Syndrome, which afflicts both children and adults. The average patient in the study was having 74 seizures that resulting in hitting the floor a month. Eighty-six patients received Epidiolex on top of their current epilepsy medications, and 85 received placebo. Those receiving Epidiolex saw seizures reduced 44%, compared to a 22% reduction for those in placebo.”
The drug does have side effects. The seventy-four patients on Epidiolex had some event, compared to the 59 in the placebo group. The side effects included: diarrhea, sleepiness, decreased appetite and vomiting- though most side effects were mild or moderate.
GW Pharmaceuticals plans to file with the FDA for approval in the first half of 2017 for both Lennox Gastaut and Dravet, which will require that the second study they are currently doing on Lennox Gastaut, is positive. The company is currently doing a second study on Dravet although it’s not required for approval.
As you can imagine, shares in GW Pharmaceuticals are up just 10% to $92, based on the news. But analysts at Leerink, an investment bank, believe that GW will have annual sales of $1.2 billion by 2022, though not everyone agrees.
We are happy to see this finally get the respect and recognition that it deserves. Obviously, we in the alternative health community have known how well it works for a long time, but- better late than never. We will watch this story as it continues to unfold and update you when we have additional information.
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Source: Forbes