Weed has been working on its cannabis-derived painkiller since the 1980s, and now it has a new product that could revolutionize the industry.
Weed’s Cannabis BioVial will be available to patients with a terminal illness and patients with debilitating conditions, including Crohn’s disease, according to the company.
Weed is working with biopharmaceutical company Sanofi, which was founded by former CEO Tony Fadell, to develop the drug, according a statement from the company, which did not disclose pricing.
The drug will be approved by the FDA in July 2019, the company said.
Fadell was a major supporter of marijuana reform and was a key player in the push to pass medical marijuana in the U.S. during the 2016 presidential campaign.
The former president, who was also an early supporter of the legalization of recreational marijuana, told a group of lawmakers at the time that he believed cannabis could be an effective treatment for patients with Crohn or other ailments.
“The Crohn and Colitis Foundation is very proud of the work that we are doing with Dr. Fadella and his team to support the development of this innovative and life-saving drug,” said Dana Herbenick, a spokesperson for the Crohn-Colitis Foundation, in a statement.
“We applaud Dr. Bilyeu and his group for their efforts and wish them well.”
Cannabis BioVials have been around for years, but were recently on the verge of becoming a $200 million industry.
Last year, we reported that the drug could potentially be a big payday for a drug company.
But the company says its new product could be just as important to the future of cannabis as marijuana.
The BioVoid will contain a THC-releasing compound that will help patients who have the condition reduce symptoms of Crohn, according the company’s announcement.
And while the company is not revealing exact prices for the drug or the treatment, the BioVac will cost $50 per tablet.
The company says patients with the condition that the BioVa injects will have “much less pain and fatigue” when they take the BioVA, and they will not have “high or debilitating side effects.”
The company says the BioVeil will help those with a variety of other conditions including PTSD and multiple sclerosis.
Faced with a shortage of the drug and the price of its treatment, some pharmaceutical companies have been working with pharmaceutical companies to develop alternative forms of the painkiller.
One of those companies is Sanofi Pharmaceuticals.
The company, founded by Fadelli, has developed the first synthetic opioid, fentanyl, and the first-ever oral contraceptive pill.
Fentanyl is an opiate with an extremely potent, highly addictive opioid antagonist.
It has been used in the pharmaceutical industry since the 1970s and is often prescribed to treat patients who need to inject heroin to relieve pain or to treat the pain associated with cancer chemotherapy.
Fence drug company AstraZeneca has also developed a painkiller that is 100 percent synthetic.
It was developed to treat multiple sclerosis and is available as an over-the-counter pill, an injectable drug, and a prescription drug.