Cardiol Therapeutics' (NASDAQ: CRDL) CardiolRx Trademark Addresses Urgent Medical Condition Myocarditis, a Leading Cause of Sudden Cardiac Death see more stocks inside...

Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL), a clinical-stage life sciences company focused on innovative heart disease therapies, and Phase II ARCHER trial, which investigates the therapeutic potential of CardiolRx Trademark on myocardial recovery in patients with acute myocarditis is currently underway. This randomized, double-blind, placebo-controlled trial, with 100 participants, marks a crucial step toward developing new treatments for this life-threatening condition. The study evaluates safety, tolerability, and efficacy, with primary outcomes measuring improvements in left ventricular function and reductions in myocardial edema and fibrosis, both critical indicators of long-term patient prognosis.

"CardiolRx Trademark : Addressing the Critical Medical Need of Acute Myocarditis"

Acute myocarditis is a severe inflammatory condition of the heart muscle that can lead to heart failure or sudden cardiac death, particularly in younger individuals. With no FDA-approved treatments currently available, the condition presents a significant healthcare burden, with hospital costs. Cardiol Therapeutics is advancing CardiolRx Trademark to address this unmet need, with the potential to secure orphan drug designation in the U.S. and EU, offering market exclusivity and regulatory incentives. In addition, CardiolRx Trademark is being investigated in the MAvERIC Phase II study for recurrent pericarditis, with full results anticipated at the American Heart Association Scientific Sessions in November 2024.

Cardiol Therapeutics Raises US$13.5 Million

In a separate announcement, Cardiol Therapeutics confirmed the successful closing of its public offering of 8,437,500 Class A common shares at a price of US$1.60 per share, raising gross proceeds of US$13.5 million. The company intends to use the net proceeds to support the ongoing clinical development of CardiolRx Trademark for the treatment of recurrent pericarditis, as well as for general and administrative expenses, working capital, and other corporate initiatives.

Driving Innovation in Cardiovascular Therapeutics

Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) is a clinical-stage life sciences company dedicated to advancing innovative therapies targeting inflammation and fibrosis in heart disease, offering new hope to patients with debilitating cardiovascular conditions. The company's lead product, CardiolRx Trademark , is under development for the treatment of myocarditis, pericarditis, and heart failure. In addition to CardiolRx Trademark , Cardiol is developing CRD-38, a novel therapy for heart failure aimed at addressing the growing global burden of cardiovascular diseases. As the company progresses in its clinical journey, its focus remains on developing cutting-edge treatments to combat heart disease. For more information, visit cardiolrx.com [http://cardiolrx.com/].

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