Two years ago there was talk about major Pharma bu
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Posted On: 09/30/2018 9:20:13 AM
Two years ago there was talk about major Pharma buying out small medical cannabis companies in the US. Read this article from 2016. They were not sure at the time about if or when medical cannabis would become legal in the US so read it with a grain of salt but you can see the possibilities now:
https://www.gurufocus.com/news/420634/pfizer-...-companies
Interesting paragraph form the article:
So why is GW Pharmaceuticals Plc (NASDAQ: GWPH), the largest pharma company with a relatively modest market capitalization of $2 billion, developing marijuana-based drugs? Where are Pfizer (NYSE: PFE), Novartis (NYSE: NVS), Merck (NYSE: MRK), Sanofi (NYSE: SNY) and the rest of their Big Pharma brethren? If there’s a “pot” of gold at the end of the rainbow, you can be certain they’ll be in the mix at some point, most likely via the acquisition route.
https://www.gurufocus.com/news/420634/pfizer-...-companies
Interesting paragraph form the article:
So why is GW Pharmaceuticals Plc (NASDAQ: GWPH), the largest pharma company with a relatively modest market capitalization of $2 billion, developing marijuana-based drugs? Where are Pfizer (NYSE: PFE), Novartis (NYSE: NVS), Merck (NYSE: MRK), Sanofi (NYSE: SNY) and the rest of their Big Pharma brethren? If there’s a “pot” of gold at the end of the rainbow, you can be certain they’ll be in the mix at some point, most likely via the acquisition route.
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