Here's What Caused This Marijuana Stock to Skyrocket 15% in November

Here's What Caused This Marijuana Stock to Skyrocket 15% in November

Medical marijuana has been used to treat epilepsy in patients for years, but so far, it's efficacy and safety hasn't been supported by a regulatory green light from the Food and Drug Administration (FDA). Based on recently reported results for Epidiolex, a cannabidiol epilepsy medicine, that could be about to change.

Updated trial results released last month show that Epidiolex helps patients with rare epilepsy on its own, and treatment results may improve with long-term use. That news caused shares of Epidiolex's drug developer, GW Pharmaceuticals (NASDAQ: GWPH), to jump 15.3% in November, according to S&P Global Market Intelligence.

After demonstrating that Epidiolex can reduce the rate of monthly seizures by around 40%, GW Pharmaceuticals recently filed Epidiolex for FDA approval in Dravet syndrome and Lennox-Gastaut syndrome, two rare forms of pediatric-onset epilepsy.

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Source: Fool.com