One World Cannabis Begins Multiple Myeloma Study
Ryan Allway
April 15th, 2015
News, Top News
[stockchart symbol=OWCP]
OWC Pharmaceutical Research Corp. [stockquote symbol=OWCP], a developer of medical cannabis treatments and provider of regulatory consulting services, recently announced that it began a basic science study several weeks ago at the Sheba Academic Medical Center Multiple Myeloma Research Lab in accordance with the Sheba Internal Review Board approval that it received earlier this year.
“We are excited to see our vision materialize into a scientific study conducted at the leading academic medical center in Israel, and headed by one of the worldwide leaders in Multiple Myeloma research,” said One World Cannabis COO Alon Sinai in a recent press release highlighting the company’s execution on its plans.
The move comes shortly after the company announced the signing of a collaboration agreement with the medical center in early March. Under the agreement, the company is exploring the effects of several combinations of cannabidiol (“CBD”) and tetrahydrocannabinol (“THC”) on multiple myeloma, beginning with the basic science study on multiple myeloma cell cultures in the lab.
Dr. Merav Leiba, Head of the Multiple Myeloma Research Lab, is leading the research as a specialist in Internal Medicine and Hematology. Dr. Leiba has participated in numerous clinical trials and investigational studies aimed at developing novel drugs for multiple myeloma. With the promising results seen across many other indications, the team is hopeful that cannabis will help treat the condition.
Multiple myeloma accounts for 10% of all hematologic malignancies and is the second most common hematologic cancer, representing 1% of all cancer diagnoses and 2% of all cancer deaths worldwide.
OWC Pharmaceutical Research Corp. shares rose 15% in early trading on Wednesday, April 15, 2015 following the news release.
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About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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