Cardiol Therapeutics Inc. (CRDL)

$ 1.96
-0.04 (-2.00%)
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Symbol CRDL
Price $ 1.96
Beta 1.064
Volume Avg. 0.76M
Market Cap 0.116B
Shares () -
52 Week Range 1.55-4.96
1y Target Est -
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Healthcare
Drug Manufacturers—Specialty & Generic
Nasdaq Capital Market

Cardiol Therapeutics Inc., a clinical-stage biotechnology company, focuses on the research and development of anti-inflammatory therapies for the treatment of cardiovascular disease (CVD). Its lead product is CardiolRx, an ultra-pure and high concentration cannabidiol oral formulation for the treatment of in hospitalized COVID-19 patients with a prior history of risk factors for CVD; and has completed phase I clinical trials for the treatment of acute myocarditis and other inflammatory heart disease. The company is also developing a proprietary subcutaneous formulation of cannabidiol to achieve higher bioavailability for the treatment chronic heart failure. In addition, it develops proprietary nanotechnology to enable the distribution of water insoluble drugs within the blood circulation, enhance pharmacokinetics, and facilitate drug accumulation in the failing heart. Cardiol Therapeutics Inc. was incorporated in 2017 and is headquartered in Oakville, Canada.