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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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GW Pharm. | LSE:GWP | London | Ordinary Share | GB0030544687 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 735.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9279I GW Pharmaceuticals PLC 03 December 2007 GW Commences Sativex(R) Phase III Clinical Trial in MS Spasticity Trial Designed to Secure European Regulatory Approval in MS Spasticity Indication Porton Down, UK; 3 December 2007: GW Pharmaceuticals plc (AIM: GWP) today announces that it has started a new Phase III trial of Sativex(R) in Multiple Sclerosis (MS) Spasticity. This trial is designed to resolve the outstanding issue arising from the recent European regulatory submission and to provide the basis for regulatory approval of Sativex in the indication of MS Spasticity. The study aims to report headline results towards the end of 2008. The protocol design of this study follows clear guidance provided by the regulators in both their recent regulatory assessment and additional scientific advice meetings. The objective of the study is to satisfy the regulator's outstanding requirement for clarification related to the magnitude of the treatment effect of Sativex in "responders" (those patients that respond to treatment). In previous MS Spasticity clinical trials, the benefit obtained by responders has to some extent been masked by looking at the mean improvement across the whole studied patient population, which comprises both responders and non-responders. GW's existing clinical data in MS Spasticity, analysed on a "post-hoc" basis, has shown that responders can be reliably identified after four weeks treatment and that, after 12 weeks, the difference from placebo is clinically important and highly statistically significant (p=0.015). The regulators have required that this analysis be replicated in a prospectively planned study. The new study therefore follows an "enriched design" which first identifies responders over a four week period (Phase A), and then focuses on analysing the effect of Sativex vs placebo on those responders over a further period of 12 weeks (Phase B). The study aims to recruit a total of 244 patients into Phase B. The primary endpoint of the study is the difference between the Sativex and placebo groups in Phase B of the study in MS Spasticity as measured on a Numeric Rating Scale. This study will include hospital centres across five European countries. Dr Stephen Wright, R&D Director, said, "This new study is an explicit requirement of the regulatory authorities and provides a route to approval for Sativex in the relief of MS-related spasticity. This study is designed to provide compelling evidence of clinically relevant benefit for Sativex in this population of people with MS and we look forward to reporting results towards the end of 2008." Sativex Resubmission There are now two potential short term opportunities to re-submit Sativex for regulatory approval in Europe. In the indication of MS Neuropathic Pain, a second pivotal Phase III trial has already completed patient recruitment and is due to report headline results in the first quarter of 2008. This could lead to a regulatory filing in this indication in the first half of 2008. In the event that GW does not submit the MS Neuropathic Pain indication, the second opportunity is to resubmit for MS Spasticity following completion of the new study which has commenced today. In addition to the MS indications, future European regulatory submissions are planned for Sativex in cancer pain and in peripheral neuropathic pain. The cancer pain clinical development programme is being conducted in the United States and funded under the collaboration with Otsuka Pharmaceutical Co. Ltd. Enquiries: GW Pharmaceuticals plc Today: +44 20 7831 3113 Dr Geoffrey Guy, Chairman Thereafter: + 44 1980 557000 Justin Gover, Managing Director Mark Rogerson, Press and PR Tel: + 44 7885 638810 Financial Dynamics Tel: +44 20 7831 3113 David Yates, Ben Atwell Notes to Editors About Sativex Sativex is composed primarily of two cannabinoids: CBD (cannabidiol) and THC (delta 9 tetrahydrocannabinol). Sativex is administered as a metered dose oro-mucosal spray; each 100uL spray contains 2.7mg THC and 2.5mg CBD. The Sativex formulation is standardized by both composition and dose and is supplied in small spray vials. The components of Sativex have been shown to bind to cannabinoid receptors that are distributed throughout the central nervous system and in immune cells. Sativex is already approved and marketed in Canada as adjunctive treatment for the symptomatic relief of neuropathic pain in MS, and for the relief of cancer pain. Health Canada has approved Sativex under its Notice of Compliance with conditions (NOC/c) policy. In the US, the lead indication for Sativex is cancer pain. On 26 November, GW and its US licensing partner, Otsuka, announced that the first US Phase II/III cancer pain trial had been initiated. GW has to date entered into three Sativex license agreements - with Otsuka in the US, with Bayer HealthCare in the UK and Canada, and with Almirall in Europe (ex-UK). About GW GW was founded in 1998 and listed on the AiM, a market of the London Stock Exchange, in June 2001. Operating under license from the UK Home Office, the company researches and develops cannabinoid pharmaceutical products that alleviate pain and other neurological symptoms in patients who suffer from serious ailments. GW has assembled a team of over 100 scientists with extensive experience in developing both plant-based prescription pharmaceutical products and medicines containing controlled substances. GW occupies a world leading position in cannabinoids and has developed an extensive international network of the most prominent scientists in the field. For further information, please visit www.gwpharm.com This news release may contain forward-looking statements that reflect GWs current expectations regarding future events, including development and regulatory clearance of the GW's products. Forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors, including (inter alia), the success of the GW's research strategies, the applicability of the discoveries made therein, the successful and timely completion of uncertainties related to the regulatory process, and the acceptance of Sativex(R) and other products by consumer and medical professionals. This information is provided by RNS The company news service from the London Stock Exchange END RESFDWFISSWSEDF
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