GW Pharmaceuticals (GWP)

Business description

GW Pharmaceuticals is a UK-based speciality pharma company focused on developing cannabinoid medicines. Lead product, Sativex, is marketed in a number of European countries for multiple sclerosis-associated spasticity.

Share price chart

Share chart

Stock data

Market cap.£472.4m
Last close219.250p
High / Low (52 weeks)410.5p / 45.8p
Stock market listingAIM, NASDAQ
Forecast net cash (£m)82.5
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(42.9)(8.3)242.6
Relative *(43.1)(5.2)222.5

* % Relative to local index

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Company news

Short Interest in GW Pharmaceuticals PLC- Declines By 55.1% (GWPH)

Sat, 19 Apr 2014 05:23:24 GMT

Future Of Marijuana Companies: GW Pharma's Strong Fundamentals Leading ...

Mon, 31 Mar 2014 12:44:46 GMT

GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) Provides Update On Drug ...

Mon, 07 Apr 2014 13:07:30 GMT

Cannabis Scene Session Stocks: GW Pharmaceuticals Plc (Nasdaq:GWPH ...

Sat, 05 Apr 2014 10:07:02 GMT

GW Pharmaceuticals PLC- Given Average Recommendation of "Buy" by ...

Fri, 21 Mar 2014 13:28:32 GMT

Y/E Sep Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2012A 33.1 2.8 2.2 2.6 84.3 212.4
2013A 27.3 (8.9) (9.7) (2.6) N/A N/A
2014E 23.7 (15.2) (15.3) (5.5) N/A N/A
2015E 24.4 (15.8) (15.9) (5.5) N/A N/A

Last updated on 27/03/2014

Investment summary

GW Pharmaceuticals is maintaining its momentum, following its $101m fund-raising in January, with the start of two Phase II trials. A 200-patient Phase IIb trial with GWP42004 in Type II diabetes and a Phase IIa trial with GWP42003 in schizophrenia in 80 patients are now underway; data from both studies are due in H215. GW also reported that GWP42006 was well tolerated, with no serious or severe adverse events, during a 66-patient Phase I epilepsy trial. Continued pipeline advances are expected in 2014 and would represent upside. These include initial data from physician-led studies with Epidiolex in children with refractory epilepsy (mid-2014), the start of Phase II Epidiolex trials (2014), Phase III Sativex cancer pain data (Q414) and the US Phase III start in MS spasticity (H214). 2014 remains potentially transformative for GW as its pipeline delivers important clinical milestones.

Last updated on 31/03/2014

Industry outlook

GW is the leader in the field of cannabinoid medicines, which have the potential to become novel therapies for a broad range of diseases. Cannabinoids are diverse chemical compounds that GW extracts from different cannabis plant varieties (chemotypes) it has bred. Sativex is GW’s lead product; we estimate it will achieve 5-10% market share in its approved indications.

Last updated on 31/03/2014

Key management

Geoffrey Guy, Chairman
Justin Gover, CEO
Adam David George, CFO

Company address

6th Floor
1 Cavendish Place
London
W1G 0QF
United Kingdom
+44 (0) 1980 557 000
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