GW Pharmaceuticals Plc (OTCMKTS:GWPRF) clocked weekly gains of 10% on reporting impressive results and on the news of Epidiolex, a famed drug. It beat the analysts’ expectations and posted better than expected results in the latest quarter.
Impressive sales of Epidiolex
GW Pharmaceuticals posted impressive sales of Epidiolex, a cannabis derived drug. The FDA approved drug is used for the treatment of childhood epilepsy. The company began the sales of Epidiolex in November 2018. The drug contributed sales of $33.5 million of the total sales of $39.5 million of GW Pharmaceuticals.
Phase 3 trial of Epidiolex
GW Pharmaceuticals is pleased to announce positive results of Epidiolex during phase 3 clinical trial. The company conducted phase 3 trial to test the effectiveness of Epidiolex in treating patients suffering from TSC (Tuberous Sclerosis Complex), a severe epilepsy in the childhood.
The drug has shown a considerable reduction in the seizure frequency from the baseline than placebo during