GW Pharmaceuticals Plc ADS (GWPH)

[Korean]

I found the following article just now.

In the nine months to 30 June, losses more than doubled on the prior year, from £14.9 million to £32.3 million, as R&D spending has been ramped up. However, with gross cash of £254 million, the company is well funded. Looking ahead, GW will receive further payments from its commercial partners upon the achievement of certain approval and commercial milestones, which should mean its financial flexibility will not be an issue for quite some time.

Although there are quite a few pharmaceutical companies looking at the potential of cannabis-based treatments, none have had as much success in clinical trials. This should mean GW’s drug pipeline is closer to market than many of its competitors. GW has four Phase 3 epilepsy clinical trials under way and recently announced positive proof of concept data in schizophrenia in a Phase 2a study.

With such attractive prospects, GW could find itself being an appealing takeover target. There are few signs that the recent flurry of consolidation activity in the sector is abating, as large pharma groups have increasingly turned to M&A to sustain growth in earnings.

Is it possible? If any takeover is in progress, the recent drop is man-made for cheaper takeover?