Canopy Growth closes acquisition of Beckley Canopy Therapeutics' shares
Canopy Growth has closed the previously announced acquisition of all outstanding shares in the global cannabinoid based research company Beckley Canopy Therapeutics, or Beckley Canopy, including the joint commercial venture Spectrum Biomedical UK. These teams will now be integrated into the broader Spectrum Therapeutics organization to increase the breadth of the clinical research being pursued under the Spectrum banner and to combine continental European and United Kingdom commercial teams. As a part of the acquisition, Canopy Growth's European management structure will evolve. Paul Steckler and Steven Wooding will assume the roles of Co-Managing Directors in charge of all European operations. Paul is a seasoned pharmaceutical executive with over 20 years' experience in commercial roles, having worked in both large and small pharmaceutical companies including Pfizer. Steve has held multiple positions within a 27-year career at Janssen, the Pharmaceutical arm of Johnson & Johnson. Most recently, he was head of Global Commercial Strategy and Market Access for Janssen.