The crux of the situation is that Gilead and Galapagos are developing a JAK-1 selective inhibitor called filgotinib for a Green Rush range of high-value anti-inflammatory conditions, and this drug has rapidly emerged as a key clinical asset in Gilead’s quest to return to growth. Getting to the point, Gilead’s CEO John Milligan noted on the call that the company is considering whether to accelerate filgotinib’s development in the wake of the FDA rejecting Incyte’s once-daily rheumatoid arthritis pill, baricitinib, earlier this year. What an accelerated development timeline means exactly isn’t altogether clear, but the drug is already in late-stage trials for rheumatoid arthritis, ulcerative colitis, and Crohn’s disease. Taken together, these three disease markets are currently worth around $28 billion in annual sales, and Galapagos is also planning additional proof-of-concepts studies for filgotinib for other anti-inflammatory conditions. Put simply, this drug definitely has megablockbuster sales potential, especially with the backing of a seasoned biotech like Gilead. In all, Gilead appears primed to put the full weight of its clinical expertise to work to bring filgotinib to market as soon as possible. And that should mean that good things are in store for its partner Galapagos. This biotech stock could have investors seeing “green” Sean Williams (Insys Therapeutics): If you’re an investor that has a long-term time horizon and a stomach for above-average risk, then Insys Therapeutics is the biotech stock you’ll want to consider adding to your portfolio this May. Insys, which is often lumped in as a marijuana stock for reasons we’ll get to in a moment, has seen its share price cut by three-quarters over the past two years. This pessimism stems from allegations and lawsuits surrounding its leading portfolio product Subsys, which is a sublingual breakthrough cancer pain medication. Allegations suggest that Subsys was being used off-label for about 80% of scripts written, and that Insys didn’t market the drug solely for its approved indications.
To read more visit https://www.fool.com/investing/2017/05/11/3-top-biotech-stocks-for-may.aspx
64, which legalized adult-use cannabis in the state. Regulations for production and sale of adult-use cannabis are expected by January 2018. “It’s quite a journey we have all been on since the Medical Cannabis Regulation and Safety Act was passed in 2015,” Ajax said. “I didn’t realize what I was getting into. I didn’t realize how much different cannabis is from alcohol. Alcohol is simple to understand. Cannabis is a lot more complicated. I had to start over to learn how best to regulate this industry.” The first panel was on how to invest in the cannabis industry. Speakers included Green Rush Emily and Morgan Paxhia, co-founders of Poseidon Asset Management, a San Francisco-based investment fund dedicated to funding cannabis-related enterprise.
To read more visit http://www.northbaybusinessjournal.com/northbay/sonomacounty/6975592-181/north-coast-cannabis-industry-conference
“So please help us get through this and insist people rename their strains.” For a more in-depth report on the “State of the Cannabis Market” keynote panel, visit bit.ly/cannabiskeynote . Jay Czarkowski, founding partner of cannabis consultancy Canna Advisors, offered four tips when applying for a cannabis license: Surround yourself with good people. (This suggestion came up many times during the conference and should be a standard operating procedure.) The team you put together and their relevant backgrounds are essential to a successful application. Make sure your business and financial plans are in order. Convey how your business benefits the community, especially patients, if applying for a medical license. Remember to answer every question on the application. This may sound obvious, but it is a common mistake applicants make. Carlos Campos, founder and CEO of C&H Auxiliary Safety Management, Inc., and Luke Tipton, a safety consultant from Milestone Safety Group, led the session entitled “OSHA Compliance: Why and Marijuana Stocks How to Prepare Now.” Speakers Carlos Campos (left) of C&H Auxiliary Safety Management and Luke Tipton of Milestone Safety Group spoke on preparing for “OSHA Compliance.” While safety regulations may seem overwhelming or even a bother, Tipton reminded attendees that the Occupational Safety and Health Administration (OSHA) expects all employers to be compliant. “It’s the employer’s responsibility,” he said. Campos added, “You should not fear reaching out to your local OSHA organization.” An OSHA consultant’s mission is to help employers with compliance.
To read more visit http://www.cannabisbusinesstimes.com/article/7-key-takeaways-from-cannabis-2017/
Problem #1: This offering by a leading group of underwriters is not a “bought deal.” It is a “best efforts” financing. The preliminary prospectus says, “The obligations of the Underwriters under the Underwriting Agreement are conditional and may be terminated at their discretion on the basis of… “market out.”” In other words if the underwriters can’t sell it, they can exercise the “market out” clause and not complete the offering. This has to be puzzling at a time when much smaller, less prominent Canadian Licensed Producers have been rated worthy of “bought deal” status. Bought deals are reserved for the very best underwriting candidates of which LEAF would appear to be one. Why isn’t LEAF? Fact #2: The planned pricing of the offering is $9.50 to $10.50 per share. Problem #2: The preliminary prospectus discloses that on October 31, 2016 and November 3, 2016, LEAF sold shares at $2.96 per share. Between May 18, 2016 and as recently as February 2, 2017, LEAF issued shares at $.0001 per share. This means the current proposed pricing is over three times the price at which LEAF sold shares just over six months ago. At the same time, the Let’s Toke Green Rush Business Licensed Producer Index and the Let’s Toke Business Marijuana Composite Index are both down in the range of 5-10%. It isn’t evident in the documentation what happened in the last six months to make LEAF shares increase 300% in value against the general trend in the market.
To read more visit https://seekingalpha.com/article/4077574-medreleaf-ipo-disaster-waiting-happen
“My location was marijuana 800 feet from a church that had a day care, and across the street from a liquor store. They don’t put these restrictions on any other business in Detroit. ” In the meantime, Godwin is working with SOH to make progress in other areas. They’ve begun a series of public community forums about cannabis. A few weeks ago the meeting was about investing in these businesses (no, don’t rush out and buy a bunch of penny stocks). They drew a nice little crowd to the Sankofa Life Center on Woodward Avenue across from Palmer Park, where things like licensing, small business startups, and stocks were discussed. In fact, a representative of the Michigan Black Chamber of Commerce spoke at the event. His salient message was that marijuana businesses are going to become very prominent, and that black people should not get left behind again when big economic changes are coming around. This past weekend, SOH held a forum to discuss the cannabis industry and how it affects the citizens of Detroit. SOH even invited members of the Metropolitan Detroit Community Action Coalition to join the panel, but no one from the group responded to the entreaty.
To read more visit http://www.metrotimes.com/detroit/higher-ground-an-education-in-cultivation/Content?oid=3604585
Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact firstname.lastname@example.org SOURCE MarketNewsUpdates.com MarketNewsUpdates.com News Commentary PALM BEACH, Florida, April 26, 2017 /PRNewswire/ — Through various introductions of latest innovative services, mergers and acquisitions along with product development, the CBD niche of the explosive cannabis industry continues to see impressive growth. Companies with recent developments of note in the legal marijuana industries include:PotNetwork Holding Inc. (OTC: POTN), Marijuana Stocks Medical Marijuana, Inc. (OTC: MJNA), Amfil Technologies, Inc. (OTC: AMFE), Players Network (OTC: PNTV), MassRoots, Inc. (OTC: MSRT) PotNetwork Holding Inc.(OTC Pink: POTN) reported today that after starting 2017 with the advantageous acquisition of Diamond CBD, Inc. and the transition back into the cannabis, hemp and related markets, the company has surpassed initial quarterly projections of 1.7 million in gross revenues. Management is pleased to announce that realized first quarter figures had exceeded expectation by over $100,000, for a total of $1,858,347.48. Having, at the beginning of the year, set corporate sights on achieving the goal of $1.7 million for the quarter, management had put in motion an aggressive effort to build a strong and thriving sales pipeline for 2017.
To read more visit http://www.wsfa.com/story/35251907/revenues-in-lucrative-legal-marijuana-and-cbd-oil-markets-continue-to-climb-in-hand-with-consumer-demand
The HMMJ price increased each day for its first four days on the market. Marijuana bioengineering The Toronto-based Horizons is the first ETF manager to offer investors Medical marijuana direct exposure to medical marijuana stocks in North America. These include companies that are working on bioengineering and production of marijuana. The ETF includes 16 companies as of March. The biggest percentage 10 percent is held in each of the following companies: Scotts Miracle-Gro Company Aurora Cannabis Inc. Aphria Inc. At Horizons, we take pride in our innovation, so we’re very happy that for the first time, investors will be able to access a low-cost, diversified portfolio of companies that are directly involved in the rapidly growing medical marijuana industry, said Hawkins. The Horizons ETF has accumulated $28.7 million in assets, according to Market Watch . More to come. The Horizons ETF is focused solely on medical marijuana and does not include companies that engage in the legal recreational marijuana industry.
To read more visit http://www.stamfordadvocate.com/news/article/First-Cannabis-ETF-Hits-Market-and-Rises-Sharply-11097824.php