Market Chatter: GW Pharma Jumps 20% Off Halt - Hires Adviser Following Approaches From Drugmakers MIDNIGHT TRADER 3:12 PM ET 9/7/2016
03:12 PM EDT, 09/07/2016 (MT Newswires) -- Shares of GW Pharmaceuticals(GWPH) were surging 20% after resuming trade on Wednesday afternoon after Reuters said the company hired Morgan Stanley(MS) following approaches from several unnamed drug makers.
Sources cited in the report said the developer of cannabis-based pain killers is currently not exploring a sale and that there are no guarantees a deal will materialize.