GW Pharmaceuticals(NYSE:GWPH)

  • Symbol:NYSE:GWPH
  • Sector:Healthcare
  • Industry:Pharmaceutical
  • CEO:Justin Gover
  • Founded:1998

GW Pharmaceuticals (NYSE:GWPH) Stock Price

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GW Pharmaceuticals(NYSE:GWPH) Company Overview

Pioneers from the start, GW Pharmaceuticals (NASDAQGWPH) was founded in 1998 by Doctors Geoffrey Guy and Brian Whittle. That year, they obtained the necessary licenses to cultivate, possess and supply cannabis in order to carry out scientific research around the plant.

From there, the company went on to create Sativex in 2014, a cannabinoid drug designed as treatment for multiple sclerosis (MS) which was the first cannabis derivative to receive market approval in any country.

And in 2018, the company came out with Epidiolex, which remains the only cannabis drug currently approved by the US Food and Drug Administration. Epidiolex is used to treat epilepsy.

To date Over 12,000 patients have received Epidiolex prescriptions since launch, with 2019 Q2 net sales of $68.4M made from the product. That same quarter, the company reported a revenue of $72 million.

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