GWPH - GW Pharmaceuticals Wins Crucial Drug Approval in Europe
GW Pharmaceuticals (NASDAQ: GWPH) has been granted approval by the European Commission to sell its star drug Epidyolex in the European Union (EU). The company announced that the Commission, the EU's pharmaceutical regulator, has authorized Epidyolex for aiding in the treatment of seizures in children who suffer from one of two forms of epilepsy.
The medication, which is known as Epidiolex in the United States, was approved by the U.S. Food and Drug Administration in June 2018. It has become a hot product for the company, bringing in almost $102 million in net sales in the first half of this year. It also greatly helped the company reduce its operating loss.
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