Teva Pharmaceuticals Thinks It’s High Time for Medical Marijuana

Teva Pharmaceuticals Thinks It’s High Time for Medical Marijuana

In Research Updates and News, Top Stories by Chris DollardLeave a Comment

Cannabis sativa Photo Credit: James St. John / https://www.flickr.com/photos/jsjgeology/ ( JNi.media ) Israeli Pharmaceutical company Teva appears to be moving into the medical marijuana market, and a pending acquisition could partially relieve the pain of its top drug, Copaxone, going off patent. Teva, according to a report by The Marker, has made an offer for One World Cannabis (OWC) to purchase the rights to the company’s patents. One World is developing treatments using the compound in cannabis to treat chronic pain, multiple myeloma and other conditions. OWC recently reported a study by the Sheba Medical Center that showed a 60% reduction of malignant multiple myeloma cells within 24 hours of treatment using the cannabis plant’s active ingredients. OWC is still in the early stages of developing a drug, but the company expects the resultant treatment to be licensed and available by prescription to those patients with myeloma entitled to cannabis-based treatments. OWC has hired Dr. Yehuda Baruch, former head of Israel’s Ministry of Health’s Cannabis Unit as Director of Research. Multiple myeloma is the second most common blood cancer after non-Hodgkin lymphoma. It affects six out of every 100,00 people and attacks the white blood cells, which produce antibodies that fight infection. The malignant cancer cells collect in the bone marrow where they disrupt the normal production of white blood cells. The disease is diagnosed by a blood test and is considered incurable but treatable with steroids, chemotherapy or proteasome inhibitors. The survival rate is 45% for five years. The news of Teva’s proposal to buy OWC cannabis patents comes with the announcement by Cannabics Pharmaceuticals that it was appointing two Teva executives, Ika Abravanel and Dr. Sigalit Ariely-Portnoy, to its advisory board. Cannabics is based in Maryland and, like OWC, is developing treatments through isolating the active ingredients […]

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