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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

Post by mybikeisorangeon Jan 24, 2021 11:07am
279 Views
Post# 32370688

Lots to like here

Lots to like here<p> I opened a position here Friday and have spent the past few days getting more familiar with this company. Up-listing to the NASDAQ is huge and will basically act as an IPO for this company. The problem is how they get there. It could be challenging for them to cross the $4 threshold, but I think a combination of great P1 AM data, initiation of P2 AM trial, first patients enrolled in the COVID trial, and sales numbers from Cortalex, has the potential to do the trick. They could also do a r/s, but I&#39;d mufh prefer that they get there organically. There are ways for companies to up-list with a $2 and $3 pps if they meet other requirements, but a lot of the institutions can&#39;t buy stocks under $4 anyway, so it&#39;s kind of moot.&nbsp;</p> <p> It should be an exciting next few months. I&#39;ll probably continue to nibble away at these levels, as once they have up-listed we&#39;ll likely kiss single-digits goodbye.</p>
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