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.
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