• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

Is Corbus Pharmaceuticals a Cannabis Stock? Kind of!

October 19, 2017

 

Shares of Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) are ripping today in reaction to the company's announcement of positive phase 2 trial results for its drug aiming to treat "rare, chronic, serious inflammatory and fibrotic diseases." Since this drug interacts with the body's natural endocannabinoid system, many investors are asking - is Corbus Pharmaceuticals a cannabis stock? Kind of.

 

Corbus' drug, called "anabasum," is a "novel synthetic oral endocannabinoid-mimetic drug designed to resolve chronic inflammation and fibrotic processes." As a endocannabinoid-mimetic drug, it binds with the body's cannabinoid receptors in order to take effect. By binding to the CB2 receptors on immune cells and fibroblasts, anabasum is far more effective in treating the above indications than the placebo. 

 

In addition to being highly effective, "anabasum was well tolerated with no severe or serious side effects associated with the drug. No subjects dropped out." This is a great sign given how terrible the side effects of some drugs can be. 

 

Corbus Pharmaceuticals Upside

 

According to the Cystic Fibrosis Foundation Patient Registry, in the United States, more than 30,000 people are living with cystic fibrosis (more than 70,000 worldwide). Additionally, approximately 1,000 new cases of CF are diagnosed each year. 

 

The global cystic fibrosis therapeutics market is expected to reach USD 13.9 billion by 2025, according to a new report by Grand View Research. If this drug makes it through to FDA approval, "it could easily leap to $1 billion in annual sales," according to estimates from the Motley Fool.

 

Be sure to subscribe to one or more of our free e-mail newsletters so you never miss an important marijuana stock update. Also, don't forget to connect with The Daily Marijuana Observer on social media via FacebookTwitterStockTwitsYouTube, and Instagram.

 

D/M/O

Please reload

LATEST NEWS
Please reload

Please reload

DMO

© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, 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. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, 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.dailymarijuanaobserver.com/legal-disclaimer/.