Focus Stocks
Cannabis Science Identifies Another Urgent Need for Its Pharmaceutical Products as Suicides and Sudden Deaths Among Vets With Post Traumatic Stress Disorder Linked to a Number of Widely-Prescribed FDA Approved Pharmaceuticals Such as Seroquel and Other An
Published on Thursday, 20 May 2010 13:29 Written by TradersHuddle Staff
COLORADO SPRINGS, Colo., May 20, 2010 (GLOBE NEWSWIRE) -- Cannabis Science, Inc. (OTCBB:CBIS), a pioneering US biotech company developing pharmaceutical cannabis products, notes with great sadness that a widely prescribed medication has been linked to both suicides and sudden death among veterans suffering from PTSD. Numerous veterans who have contacted Cannabis Science have confirmed these problems.
According to an article by Martha Rosenberg, originally published on Alternet.org and published in March on NewsBlaze.com, at least 87 military men have died in the past six years while prescribed Seroquel and similar drugs. http://newsblaze.com/story/20100324080950rose.nb/topstory.html
Rosenberg reported, "Death certificates and other records collected by veteran family members suggest more than 100 similar deaths among Iraq and Afghanistan combat vets and other military personnel, many on PTSD cocktails with Seroquel and other antipsychotics, antidepressants, mood stabilizers, sleep inducers and pain and seizure medications."
Although not approved for PTSD, Pentagon purchases of Seroquel nearly doubled between 2003 and 2007. Elspeth Ritchie, medical director of the Army's Strategic Communications Office, told the Denver Post the drug is "increasingly utilized as an adjunct for PTSD." Seroquel had almost $5 billion in sales last year.
Dr. Robert Melamede, PhD., Cannabis Science President and CEO, noted, "Of course, after more than 5,000 years of use, cannabis has not been shown to have caused a single death, and it is now widely -- but illegally -- used by veterans and others with PTSD as we have reported. It is shameful that those who deserve the best treatment available are being denied access to cannabis while they are given a cocktail of powerful drugs that seems to be killing them."
On March 31, Cannabis Science issued a press release calling for public support for vets after the New York Times reported that VA Doctors are prohibited from "recommending" cannabis for Post Traumatic Stress Disorder (PTSD). Also, Cannabis Science has previously reported that Dr. Mitch Earleywine, PhD., of the State University of New York (Albany) has surveyed over 1,300 veterans and others who find cannabis very helpful with PTSD.
Cannabis Science Chief Financial Officer Richard C. Cowan stated, "Due to the magnitude and nature of the problem, it is clear why we are focusing our initial FDA pharmaceutical products on PTSD. The fact that Seroquel had $5 billion in sales last year is a strong indication of the potential market for Cannabis Science products."
One of Seroquel first backers, Richard Borison, former chief of psychiatry at the Charlie Norwood VA Medical Center, lost his medical license, was fined $4.26 million and went to prison for a swindle involving Seroquel's original clinical studies.
And last year, Seroquel manufacturer AstraZeneca agreed to pay $520 million to settle suits pertaining to clinical trials and illegal Seroquel marketing.
Cannabis Science, Inc.
Cannabis Science is at the forefront of pharmaceutical medical marijuana research and development. The Company works with world authorities on phytocannabinoid science targeting critical illnesses, and adheres to scientific methodologies to develop, produce, and commercialize phytocannabinoid-based pharmaceutical products. In sum, we are dedicated to the creation of cannabis-based medicines, both with and without psychoactive properties, to treat disease and the symptoms of disease, as well as for general health maintenance.
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. A statement containing words such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs. Cannabis Science, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
CONTACT: Cannabis Science Inc.
Dr. Robert J. Melamede, President & CEO
1-888-889-0888
Investor Relations
Mark J. Freedman
1.877.431.CBIS (2247)
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
www.cannabisscience.com
Related Articles
- Cannabis Science Supports Judge Gustin L. Reichbach’s ‘Plea for Pot’ in New York Times Op-Ed for his Pancreatic Cancer
- Cannabis Science Receives New Photos and Information on Patient Three’s Previous Examinations and the Current Progress on his Severe Squamous Cell Carcinoma
- Cannabis Science Supports House Minority Leader Nancy Pelosi Historic Statement to President Obama Supporting Medical Cannabis and The Fight for Patient Rights
- Cannabis Science Teams with Dr. Ivan Goldsmith of Trimcare in Las Vegas for Innovative Weight Loss Programs Based on Research of the Endocannabinoid System
- Cannabis Science Makes Medical Moves at The 7th Patients Out of Time medical cannabis conference in Tucson at the Loews Ventana Canyon Resort
- Cannabis Science Provides Product Line Guidance With Summary of Products In Development And Available On The Market Today
- Cannabis Science Signs Andrew Pitsicalis as International Brand and Licensing Director, Rockin Artwork Grants Cannabis Science a License to Make Jimi Hendrix Image and Likeness Related Products for Advertising, Manufacturing, Sales and Marketing
- Cannabis Science in Final Negotiations to Purchase 50% of what will be a 10,000 Square Foot Cancer Centre in Arizona With Over 500 Existing Medical Cannabis Patients
- Dr. Robert Melamede Scheduled to Speak at the Patients Out of Time 7th National Clinical Conference on Cannabis Therapeutics April 26-28th at Loews Ventana Resort, Tucson, Arizona and is Available for Viewing on Pay Per View
- Chronic Future: Killing Cancer Premiered on April 5; Cannabis Science's CEO Dr. Robert Melamede and Filmmaker Henry Miller Weigh in on Its Success
Related Partner Headlines
TradersHuddle Search
| Sponsored By: |
|
Stock Search: |
|
Site Search: Loading
|
Latest Partner Headlines
-
Consider These Athletic-Looking Charts - TheStreet.com -
The Dow Bounces on Test of 12,312 - TheStreet.com -
Coming Week: Top Nine Earnings on Deck - TheStreet.com -
Something's Not Right in the Video-Game Space - TheStreet.com -
For Ambitious Students, Entrepreneurship Can Be a Big Win - TheStreet.com -
Stock Futures Rise on Eurobond Talk - TheStreet.com -
You Can Let Your Guard Down: Ask Noah - TheStreet.com -
NYSE Is Winning the IPO Listing War - TheStreet.com
Stock Market
Dow Jones
Company ID [INDEXDJX:.DJI] Last trade:12,529.75 Trade time:4:05PM EDT Value change:▲33.60 (0.27%)S&P 500
Company ID [INDEXSP:.INX] Last trade:1,320.68 Trade time:4:32PM EDT Value change:0.00 (0.00%)NASDAQ
Company ID [INDEXNASDAQ:.IXIC] Last trade:2,839.38 Trade time:5:16PM EDT Value change:0.00 (0.00%)In The Wires
-
Depomed To Present At Jefferies 2012 Global Health Care Conference -
Sihuan's First-to-market Generic Drug Roxatidine Passes On-site Inspection for Drug Registration Conducted by the Chinese State Food and Drug Administration -
Martin Marietta Materials, Inc. Declares Regular Cash Dividend -
AT&T's Investment In St. Louis Pays Off In Improved Voice And Data Performance -
Equifax To Present At The Stephens Spring Investment Conference -
CHS/Community Health Systems, Inc. Announces Completion of Exchange Offer for Its 8.00% Senior Notes Due 2019 -
InvenSense® Kicks off First Annual Motion Interface Developers Conference -
Tech Data Corporation to Host Annual Meeting of Shareholders on May 30, 2012









