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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
Post by Youhillmanon Sep 24, 2020 9:26am
116 Views
Post# 31610427

Technicals

TechnicalsLooks like we are going to open at $2.60 which is nice to see...but as we get closer to market opening the bid ask price continues to drop.

From a technical standpoint, the past 4 days have been rough on CRDL as we have broken the 20, 50 and 200 day support levels...the stock has also become very bearish as all three support levels - short, intermediate and long term are negative.

We need some catalyst to get this going again - announcing something on the Shoppers deal would do it!

Elsley promised back in July and August, that sales would start this month, I would love to see CRDL finally hit one of their stated targets!
Bullboard Posts