GW Pharmaceuticals (LON:GWP) - Stirring the R&D pot
Mar 13th 2013 - Edison Investment Research today published a report on GW Pharmaceuticals (GWP.L, LSE:GWP, LON:GWP) entitled "Stirring The R&D Pot". In summary, the report says:
GW is advancing a broad pipeline of early-stage cannabinoid therapies targeting cancer, metabolic and central nervous system (CNS) diseases. These five programmes (three funded by Otsuka) are based on strong preclinical data and/or promising clinical results. In 2013, we expect substantial pipeline progress with Phase II trial starts, Phase II readouts, initial human trials and potential Otsuka licensing deals. All this offers pure upside to our DCF valuation of £195m or £1.46p/share.
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