Jazz Pharma
The company has recently agreed to acquire GW, in a bid to dominate market share when the U.S market goes fully recreationally legal.
Jazz Pharmaceuticals plc is a biopharmaceutical company based in Ireland. It was founded in 2003.
Their most popular product is the FDA approved drug Xyrem. The sodium salt of the naturally occurring neurotransmitter γ-Hydroxybutyric acid which is a Sodium oxybate.
Sold under the brand name Xyrem, among others, is a medication used to treat two symptoms of narcolepsy: sudden muscle weakness and excessive daytime sleepiness.
GW
GW Pharmaceuticals is a British pharmaceutical company known for its multiple sclerosis treatment product nabiximols.
Which was the first natural cannabis plant derivative to gain market approval in any country.
They also have established a world-leading position in the development of plant-derived cannabinoid therapeutics.
Through its proven drug discovery and development processes, intellectual property portfolio, and regulatory and manufacturing expertise.
And are also responsible for the UK’s Sativex® an oral spray of a formulated cannabis extract.
Which contains the principal cannabinoids delta-9-tetrahydrocannabinol (THC) and cannabidiol (CBD). As well as specific minor cannabinoids and other non-cannabinoid components. used to treat Multiple sclerosis. (MS)
Big Names
Two of the biggest names in cannabis, Tilray Inc. and Aphria Inc., agreed in December to merge in a deal valued at about $3.8 billion dollars.
Most Industry experts have predicted that pharmaceutical giants and consumer goods companies might be more interested in making acquisitions in the sector if marijuana becomes legalized nationally in the U.S.
The same could be on the horizon in Mexico this month as Mexico and the world wait patiently for the green light.
How do you feel about pharmaceutical companies buying out cannabis research and pharma-related businesses, do you want big pharma to play a role in the green you get?
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