GW Pharmaceuticals The Latest Pot Stock to Pop

by Jason Simpkins
Outsider Club

GW Pharmaceuticals (Nasdaq: GWPH) saw its stock shoot up more than 130% yesterday.

The U.K.-based company is a producer of cannabinoid (read: marijuana) based medicine. And on Monday, it reported that one of its drugs successfully reduced seizures in children suffering from epilepsy.

The drug, Epidiolex, is a liquid formulation of highly purified CBD extract that targets Dravet syndrome – a form of childhood epilepsy that hits babies before the first birthday.

In the phase III trial, patients that received Epidiolex experienced a median reduction in monthly convulsive seizures of 39%, compared to a 13% reduction for the placebo.

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