Cardiol Therapeutics Inc. was officially added to the PRISM Emerging Biotech Index on November 13, 2024. This index is designed to spotlight companies that are leading innovation and creating market impact within the biotechnology sector. The inclusion highlights Cardiol's focus on developing anti-inflammatory and anti-fibrotic therapies for heart disease, particularly with its lead candidate, CardiolRx.
The company's lead candidate, CardiolRx, holds a US FDA Orphan Drug Designation for the treatment of pericarditis, including recurrent pericarditis. This designation provides regulatory advantages and underscores the unmet medical need Cardiol aims to address. The MAVERIC-2 trial, evaluating CardiolRx in recurrent pericarditis patients, is expected to initiate in Q4 2024.
Cardiol Therapeutics is also advancing CRD-38, a proprietary subcutaneously administered therapy for heart failure. The company is debt-free and has stated it is well-capitalized to achieve corporate milestones into 2026. This index addition provides increased exposure to investors interested in emerging biotech opportunities.
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