Physicians warming to CBD drug for epilepsy, pharmaceutical maker tells investors

Broad physician adoption of a cannabis-derived epilepsy treatment is boosting sales for the only company with federal permission to sell cannabis products in the United States.

London-based GW Pharmaceuticals told investors Monday that it notched $108 million in sales last quarter and $309 million for calendar 2019.

The sales figures were released in advance of the company’s quarterly earnings report because executives are meeting with potential investors this week.

The company’s sales results appear to beat consensus analyst expectations, which were $102.4 million.

The vast majority of GW’s actual sales, $104 million, came from epilepsy drug Epidiolex.

Epidiolex, the only plant-derived cannabis drug approved by the U.S. Food and Drug Administration, contains CBD extracted from marijuana plants grown in the United Kingdom.

GW attributed the sales figures to physicians being amenable to prescribing Epidiolex.

The company owns another cannabis-derived drug, Sativex, which treats spasms caused by multiple sclerosis.

Sativex is approved for use in several European countries but not in the United States.

GW’s shares are traded on the Nasdaq as GWPH.

An earnings table that includes some hemp companies is available here.

3 comments on “Physicians warming to CBD drug for epilepsy, pharmaceutical maker tells investors
  1. DMC on

    Dehydrated Alcohol
    Red dye

    These cause the side effects

    Isolate Supports bacterial growth

    Get rid of Pharma and all these drugs with the side effects

    Not a natural plant with no side effects..

    • BigPharmaShill on

      Lol you CBD people are hillarious.

      Datura Inoxia is a “natural plant”

      Cobra venom is 100% organic and natural

      All drugs have attributable side effects under careful clinical study.

      Epidiolex is a proven therapeutic drug for children with Dravet Syndrome produced under stringent process controls.

      What the “hemp industry” produces is unregulated toxic garbage.

Leave a Reply

Your email address will not be published. Required fields are marked *