fbpx

REQUEST A CONSULTATION

Ready to contact us for a consultation about your condition and our medical services? The staff of our Global Patient Services is ready to help. Please select the appropriate button to get started.
search
News

OWC Pharmaceuticals Runs Clinical Study at Sheba on CBD to Treat Psoriasis

OWC Pharmaceuticals
Israel is a world-recognized leader in medical cannabis research, analyzing the properties of the main psychoactive and non-psychoactive compounds of the plant. Because Israel is one of the few countries in the world to approve research studies on cannabis regularly, the Israeli Ministry of Health founded OWC Pharmaceuticals Research Corp. in 2014 to run the clinical trials.

Recently, OWCP launched a Phase I study of a topical cannabinoid-based ointment to treat psoriasis, conducted by Prof. Aviv Barzilai at Sheba Medical Center. Preliminary studies showed a notable reduction in IL-8 and IL-33 biomarkers.

Psoriasis is a genetic condition, and some form of this skin disease affects approximately 5% of all people worldwide. The drug market size for psoriasis is predicted to post a compound annual growth rate (CAGR) of 9.4%. Last July, OWCP addressed this by announcing a new business plan to study the specific effects of cbd on psoriasis. Essentially, the company made a decision to focus on medically viable products instead of rushing to fill the market with commercial products that have no solid medical findings to support their efficacy.

Dr. Stanley Hirsch, Chairman of the Board, OWCP, wrote a letter to shareholders, in which he explained, “The field in which we operate is increasingly crowded with unproven products. We believe the companies that will succeed in such a market will be the ones that have invested their resources in providing validated proof of efficacy and safety for their products.”

In the past, OWCP referred to products as being “market ready.” This term described formulated products that could be marketed, yet without scientific validation. With their recent business decision, OWCP declared that they do not want to compete in this undifferentiated commercial market. Rather, OWCP will focus on the long-term outcome of generating strong value for the company and its shareholders.

As medical cannabis becomes more accepted and widespread across the globe, OWCP and the researchers at Sheba Medical Center are well-positioned to advance its efficient use. They are continuing Israel’s legacy of pushing forward with cannabinoid clinical testing.

Related
Sheba Leverages ChatGPT
Accelerating Diagnostics: ChatGPT Results Aligned with Breast Cancer Board Recommendations
Recently, several distinguished Sheba clinicians were impressed by the tool’s capabilities. The group, which included Dr. Vera Sorin, Dr. Eyal Klang, Dr. Miri Sklair-Levy, Prof.…
Read More
Sheba and Vidac
Novel Drug Set to Improve CAR T-Cell Therapy Effectiveness
While many medical centers around the world depend on external labs to genetically engineer patient T-cells, a process that can take up to a few…
Read More
Sheba Named Global Oncology Leader
by Newsweek Magazine
Dedicated to providing those in need across the globe ‘Hope Without Boundaries,’ Sheba treats patients from more than 100 countries each year, employing the latest…
Read More