Cardiol Therapeutics Reports Financial Challenges Amid Clinical Progress
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Cardiol Therapeutics Inc. reported a significant decrease in cash reserves and a net loss of $26.6 million for the nine months ending September 30, 2025. Despite financial challenges, the company is committed to advancing its clinical programs, focusing on anti-inflammatory therapies for heart disease. Operating expenses were reduced, and a recent US$11.4 million financing is expected to support ongoing trials. Management remains optimistic about its lead drug candidate, CardiolRx™, and is exploring strategic opportunities to enhance shareholder value.
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