GW Pharma (GWPH) Epidiolex Data in LGS 'Looks Good' - Leerink

Leerink Partners analyst Paul Matteis offered some initial thoughts on GW Pharma (NASDAQ: GWPH) after the company announced positive top-line results for Epidiolex in Lennox Gastaut Syndrome (LGS).

Matteis commented, "The data show a 22% seizure reduction relative to placebo, suggesting that Epidiolex's clinical profile in LGS appears similar to that in Dravet syndrome. Similar to the Dravet readout, only primary endpoint data were provided; however GW notes that a "series of sensitivity analyses" and "results from secondary endpoints" reinforced the overall effectiveness, suggesting that Epidiolex also showed a benefit on other key measures such as responder analysis (primary measure for EMA). GW will host a conference call this morning at 8am where we seek additional granularity."

The firm maintained an Outperform rating and price target of $130 on GWPH.

For an analyst ratings summary and ratings history on GW Pharma click here. For more ratings news on GW Pharma click here.

Shares of GW Pharma closed at $83.31 yesterday.

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