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GW Pharma sells off in sympathy with Zynerba, down almost 11% in two days

Published 08/08/2017, 10:43 AM
© Reuters.  GW Pharma sells off in sympathy with Zynerba, down almost 11% in two days
  • Investors in GW Pharma (GWPH -8.6%) appear to be pulling the trigger first and asking questions later. Shares are down almost 11% since Zynerba Pharmaceuticals (ZYNE -5.4%) reported failed mid-stage results for cannabidiol gel ZYN002 yesterday.
  • GW's lead epilepsy candidate, Epidiolex, is also cannabidiol. Investors appear to be ignoring the previously announced positive late-stage results in Lennox-Gastaut and positive mid-stage data in brain cancer.
  • Previously: Zynerba's ZYN002 flunks mid-stage epilepsy study; shares down 48% premarket (Aug. 7)
  • Now read: Dermira in-licenses IL-13-targeting antibody from Roche for up to .4B; shares down 5%


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