UK down-schedules CBD drug to lowest level for controlled drugs
Industrial Hemp NewsInternational NewsMarijuana Laws, Regulations, & Politics June 24, 2020 MJ Shareholders 0
The United Kingdom has down-scheduled Epidyolex to the lowest level of control for drugs, greatly easing restrictions on the cannabidiol medicine and reducing red tape for companies that supply it.
The new classification came into force Wednesday.
“This will reduce administrative processes for companies wanting to supply Epidyolex to patients with severe epilepsy,” according to the government’s announcement.
Epidyolex is the trade name in Europe for Epidiolex.
In the U.S., the CBD drug was down-scheduled in 2018 and removed entirely from the controlled-substances list in April.
London-based GW Pharmaceuticals, the maker of Epidyolex, cheered the move. Among other things, the change extends the length of time for a valid prescription.
“The decision to move Epidyolex to a low level of control is an important one for patients, their families, health-care professionals, pharmacists and the (National Health Service) as a whole – reducing costs and ensuring the medicine can be dispensed more easily,” Chris Tovey, GW Pharma’s chief operating officer, said in a news release.
The U.K. allowed doctors to prescribe Epidyolex in 2018. A year later, the European Commission followed suit.
GW ended 2019 with $311.3 million in sales.
GW Pharma trades on the Nasdaq as GWPH.
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.