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Cardiol Therapeutics Inc T.CRDL

Alternate Symbol(s):  CRDL

Cardiol Therapeutics Inc. is a clinical-stage life sciences company. The Company is focused on the research and clinical development of anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease. Its lead drug candidate, CardiolRx (cannabidiol) oral solution, is pharmaceutically manufactured and in clinical development for use in the treatment of heart disease. It is recognized that cannabidiol inhibits activation of the inflammasome pathway, an intracellular process known to play an important role in the development and progression of inflammation and fibrosis associated with myocarditis, pericarditis, and heart failure. It is also developing CRD-38, a novel subcutaneously administered drug intended for use in heart failure. It has received Investigational New Drug Application authorization from the United States Food and Drug Administration to conduct clinical studies to evaluate the efficacy and safety of CardiolRx in two diseases affecting the heart.


TSX:CRDL - Post by User

Bullboard Posts
Comment by vikingguyon May 14, 2020 1:18pm
113 Views
Post# 31028508

RE:RE:CG Bought Deal $11.25 Million

RE:RE:CG Bought Deal $11.25 Million I agree that they probably could have done better but you're right it is a fairly small cash raise. They probably had some partners and/or investment firms that they let get in at a great price to work with down the line.

Maybe it will be good to have it out of the way before a run of good news and potentially killing momentum later on. This should be the last financing at anywhere close to these levels as sales should be coming in shortly. This will be well behind us in a couple weeks! Long and Strong!
Bullboard Posts