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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 Youhillmanon Nov 01, 2021 12:03am
326 Views
Post# 34071735

Friday’s Share Price Drop

Friday’s Share Price DropSurprised by the 9+ %  drop in share price on Friday, I didn't see that coming.

I'm hoping it's a one day thing however technically the pattern suggests shorting the stock.

It almost feels like the sudden drop is due to some possible financing deal, it has that feel! 

if it is, there has to be a significant reason for it as Cardiol did one earlier this year, giving them more then a year of cash reserves to fund their research.

Stay tuned, I'm still long on Cardiol!
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