UK-based biopharma firm GW Pharmaceuticals (Nasdaq: GWPH) today announced that it will regain exclusive UK commercialization rights for Sativex (delta-9-tetrahydrocannabinol (THC) and cannabidiol (CBD)) from Germany-based Bayer BAYN: DE).
Sativex, often known by the USAN name nabiximols, is a complex botanical formulation that contains the principal cannabinoids THC and CBD in addition to specific minor cannabinoids and other non-cannabinoid components. Nabiximols is indicated in the treatment of spasticity due to multiple sclerosis.
Since it was approved by the Medicines and Healthcare products Regulatory Agency (MHRA) in 2010, Bayer has been responsible for the marketing of nabiximols in the UK. Under the terms of the agreement, there will be a transitional period until December 31, 2020 at which point GW will take over all responsibilities for nabiximols in the UK.
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