June 12, 2013
Nuvilex is Beneficiary of Doctors’ Approach Toward Medical Marijuana
Earlier this year, Nuvilex, Inc. (OTCQB – NVLX - $0.1257 – Spec Buy) announced that it was entering the medical marijuana research and product development arena to much fanfare. Most national polls have demonstrated that the majority of Americans appear to be in favor of medical marijuana programs, in some way shape or form. To that end, already 19 states and the District of Columbia have approved some sort of medical marijuana programs, despite no change in stance by the federal government.
While it is widely believed that the government’s sentiment will change over time, what may be the key driver to the success of clinical marijuana treatment initiatives and programs are strong support and a real desire for the introduction of new therapies by the medical community itself. A recent poll published in the May 30, 2013 edition of The New England Journal of Medicine shows that fully 76% of poll participants (the poll results include some doctors from outside the U.S) are in favor of the use of marijuana for medicinal purposes. Interestingly, only 1% of the voters in Utah supported the notion while 96% of the voters in Pennsylvania were in favor.
This amazing figure bodes extremely well for companies like Nuvilex. Interestingly, while much of the attention regarding medical marijuana development and research has centered on pain management, appetite, and mood, etc., this poll, much as Nuvilex’s emphasis will be, was focused on cancer treatment. In the poll, doctors surveyed were given a hypothetical case about a woman named "Marilyn" a 68-year-old woman with breast cancer that had metastasized and were asked if they would give her medical marijuana to help her with her symptoms.
As noted above over three-fourths of those surveyed in the poll answered in the affirmative. Therefore, it can be assumed that as Nuvilex enters into comprehensive studies on the possible use of cannabidiol (or CBD, which, like THC, is one of the components of Cannabis collectively known as cannabinoids) as the basis for developing treatments for deadly forms of cancer, the Company should have no shortage of supporters from potential subjects and more importantly, from the medical community. Many prospective patients and their doctors clearly wish to see these alternative forms of treatment studied further and broadly used as real therapies.
For more information, refer to our previous NVLX Reports, Updates and Hot Topics by visiting www.GoldmanResearch.com
Senior Analyst: Robert Goldman
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