Fighting Addiction and Other Unmet Medical Needs with Cannabidiol

Sep 27, 2016, 09:11 ET from FinancialBuzz.com

$codeDebug.log("output array of get country targets countryT

NEW YORK, September 27, 2016 /PRNewswire/ --

Despite all the advances we have made in the medical field, overcoming addictions are still a challenge with an unmet need. Nicotine remains the largest addiction problem in the world. Consumers seem to be somewhat shifting from the traditional tobacco cigarettes to smokeless tobacco. According to a research conducted by Statista in 2014, U.S. convenience stores generated approximately 5.31 billion U.S. dollars from chewing tobacco and snuff products, which represents approximately 1.26 billion units of smokeless tobacco sold. CV Sciences, Inc. (OTCQB: CVSI), GlaxoSmithKline plc (NYSE: GSK), Pfizer Inc. (NYSE: PFE), Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE), GW Pharmaceuticals plc (NASDAQ: GWPH) 

Nicotine addictions are hard to overcome, yet several companies are innovating possible solutions. CV Sciences, Inc. (OTCQB: CVSI) for example emphasizes synthetic Cannabidiol (CBD) and its affects on nicotine addicts. CV Sciences, Inc. is a life science company that focuses on two segments: pharmaceuticals and consumer products. The pharma business segment is focused on development and commercialization of therapeutics utilizing CBD, and the consumer products segment is focused on manufacturing, marketing and selling plant-based CBD products to a range of market sectors.

CV Sciences, Inc. (CVSI) main drug candidate, CVSI-007, is a chewing gum that combines synthetic CBD with nicotine, which according to the company has potential to treat smokeless tobacco and tobacco addiction. The chewing gum meets the three requirements for treatment of nicotine addiction. First, CBD inhabits monoamine oxidase, providing antidepressant effects replacing tobacco alkaloids. Second, doses of nicotine address nicotine addiction and cravings. Third, since it's a chewing gum it will provide oral stimulation for the addict.

In a recent letter to shareholders, CEO of CV Sciences, Inc. (CVSI), Michael Mona stated that, "Given that there are no FDA-approved drugs to treat smokeless tobacco addiction and that the FDA has approved numerous nicotine replacement therapy drugs (NRTs), we believe that our drug candidate will be extremely well-received in the market. Also, the FDA has recent drug development experience with CBD, which we believe could accelerate the drug development process and approval."

Some big pharma companies had manufactured non-CBD products for smoking cessation, yet the FDA was quite explicit in its demands regarding the marketing of their products. GlaxoSmithKline plc (NYSE: GSK) for example, the maker of an FDA-approved Bupropion based product called Zyban, had to redesign their packages to place a black box warnings indicating potentially serious mental health changes.

Pfizer Inc. (NYSE: PFE) has encountered with similar problems with Chantix. A black box warning was required and in June 2011 the FDA issued more safety information regarding Chantix, claiming that it "may be associated with a small, increased risk of certain cardiovascular adverse events in patients who have cardiovascular disease." Pfizer is required to add this warning label for Chantix.  

Chantix has been a blockbuster drug for Pfizer, generating $846 million revenue in 2008. Sales have declined since then as the warning labels scared some customers away, and yet with $672 million generated in 2015 Pfizer clearly successfully capitalized on an unmet need. Cannabidiol might be the ingredient needed to overcome the serious side affects associated with other smoking cessation products.

CBD is being researched for a wide scope of potential applications in part due to reports showing lack of side effects. Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE) for example is developing synthetic cannabinoid therapeutics for transdermal delivery for patients with high unmet medical needs, including epilepsy, Fragile X syndrome, osteoarthritis, fibromyalgia and peripheral neuropathic pain through these therapeutics.

Then there is GW Pharmaceuticals plc (NASDAQ: GWPH) a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform. On September 26th the company announced positive results of the second randomized, double-blind, placebo-controlled Phase 3 clinical trial of its investigational medicine Epidiolex® (CBD) for the treatment of seizures associated with Lennox-Gastaut syndrome (LGS), a rare and severe form of childhood-onset epilepsy.

For "The Latest Buzz in Financial News", SIGN UP & Visit http://www.FinancialBuzz.com

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and pr marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site for advertising such companies. Financialbuzz.com has been compensated twelve thousand dollars for financial news pr services by a non-affiliated third party for cv sciences inc. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting the high quality and sophisticated content on this site along with other financial news pr media services. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:

Media Contact: Danny A, info@financialbuzz.com, +1-877-601-1879

SOURCE FinancialBuzz.com