CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
Unimed Inc.
By Daniel P. Wiener

(FORTUNE Magazine) – Cancer patients suffering from nausea and vomiting brought on by chemotherapy have for years surreptitiously and illegally smoked marijuana to relieve their discomfort. Now a Somerville, New Jersey, pharmaceutical company is poised to begin selling a pill made of synthetic delta-9-tetrahydrocannabinol (THC), marijuana's principal active ingredient. After four years of waiting, Unimed received approval from the Food and Drug Administration for its product last June; Marinol, which can produce a marijuana-like high, could clear its final regulatory hurdle within a few months. Unimed's fortunes may hang on Marinol. The company lost $364,000 on sales of $1.1 million last year, and the stock has bounced from a high of $23 a share in 1983 to a low of $3 in 1984. It was recently around $13.