The Drug Enforcement Administration (DEA) has given the Cannabidiol (CBD) derived pharmaceutical product, Epidiolex, a reported Schedule V status. The newly approved drug is an oral solution that is used for the reduction of seizures associated with Lennox-Gastaut syndrome and Dravet syndrome.
The CBD product Epidiolex is derived from the cannabis plant and will be available to patients 2 years old or older suffering from these syndromes that product seizures. Epidiolex is manufactured and produced by public company GW Pharmaceuticals (NASDAQ: GWPH) who has seen a recent spike in their stock price since the FDA had approved the products for patients in the United States earlier this year.
A Schedule V status under the DEA states, “Schedule V drugs, substances, or chemicals are defined as drugs with lower potential for abuse than Schedule IV and consist of preparations containing limited quantities of certain narcotics.”
Recently, the FDA conducted a series of randomized clinical trials with patients suffering from these diseases that found that Epidiolex was successful in the reduction of seizures. Cannabidiol is non-psychoactive and can be extracted from both the cannabis and industrial hemp plants. It has shown to be effective in the reduction of anxiety, depression, inflammation, seizures, Alzheimer’s, and a number of different ailments.
You may be interested
CashCropToday | 411/420 | Cannapreneur Bo Money Discusses Events For Social Equity Plan (Part 3)Jaelynn Offerman - October 18, 2018
Host Joya Italiano continues her discussion with cannapreneur and social equity advocate, Bo Money. Bo reveals upcoming plans stored in place and discusses the reasoning behind the…
Public Companies iAnthus & MPX Bioceutical Announce Official MergerEditor - October 18, 2018
iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCQX: ITHUF), and MPX Bioceutical Corporation (CSE: MPX) (OTC: MPXEF) have announced this morning that the companies signed an agreement to merge…
Aurora Cannabis to Debut on the New York Stock Exchange (NYSE) Next WeekEditor - October 18, 2018
Aurora Cannabis Inc. (TSX: ACB) announced this morning that the company will be debuting its common shares on the New York Stock Exchange (“NYSE”), which will begin…