http://www.guardian.co.uk/business/2008 ... healthcare
Maker of cannabis-based medicines hit by disappointing trial
* Katie Allen
* Tuesday April 8, 2008
* Article history
GW Pharmaceuticals, which makes medicines based on cannabis, came out vociferously defending its pioneering drug today after it was forced to admit a recent trial had disappointed and its shares fell sharply as a result.
Shares in the Salisbury-based firm slumped more than 30% in early trading after it said a trial of its Sativex drug to treat pain in multiple sclerosis showed an "unexpected" response to a placebo.
The company insisted the drug's efficacy was not called into question but the news sparked doubts in the market over whether GW Pharma's flagship product will become a commercial success.
The company said in a statement to the stock exchange that although the patient response rate to its drug, sprayed into a patient's mouth, was "very high" and better than the placebo, the difference between the two was insufficient. That meant the trial was unable to yield a "statistically significant outcome".
"Although the difference between the Sativex and placebo groups was clearly in favour of Sativex, it narrowly failed to reach statistical significance in this trial due to an unexpectedly large placebo response," GW Pharma explained.
It added that in the trial patients were able set dosages themselves in order to look for the optimum level but that such a design "appears to have encouraged an abnormally high placebo response".
The research will not detract from any previous positive trials on using Sativex for MS pain or other types of pain, said managing director Justin Gover, but GW Pharma will have to scrap these results and perform a new trial.
"Accidents do happen in clinical trials and pain research in particular is vulnerable to placebo responses. What we have seen in this study is that patients benefit hugely from our drug, that's not in question," said Gover. "But the extent of the placebo response confounds the interpretation of the undoubted benefit seen on Sativex.
"This doesn't call into question anything we have seen before but it doesn't show anything new. So we have to put it to one side and do another trial."
The company said other trials on Sativex for other symptoms were not affected by this result. But the market was unsettled by the news and although GW Pharma's shares recovered somewhat after the initial slump they were still down 16.5p, or 23%, at 55p in late trading.
KBC Peel Hunt analyst Paul Cuddon commented that "this indicates that the effect of Sativex is marginal, and we retain our doubts as to whether the product will ever prove a commercial success".
GW Pharma has been developing Sativex for 10 years, working with government backing to develop a safe way to provide cannabis-based pain relief. It grows thousands of marijuana plants at a secret countryside location to help develop the drug that provides relief for MS pain, MS muscle stiffness, or spasticity, cancer pain and nerve damage pain caused by conditions such as shingles and diabetes.
The drug became the first cannabis-derived medicine to win regulatory approval when it was approved in Canada in 2005 as a treatment for nerve pain in MS patients and it is also available in the UK on special prescriptions.
Keep smiling as who knows what good things might be around the corner and if the road snakes a bit keep going.