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Cardiol Therapeutics advances Phase III trial for CardiolRx™ in heart disease, raising $31M to fund progress through 2027

Market News
01 Apr 2026
Newsfile Corp
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Bullish
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Cardiol Therapeutics has initiated the pivotal Phase III MAVERIC trial for CardiolRx™ targeting recurrent pericarditis, surpassing 50% patient enrollment with full enrollment expected by Q2 2026. Positive Phase II ARCHER trial results showed CardiolRx™ significantly reduced heart inflammation and improved cardiac structure in acute myocarditis patients, supporting further development. The company also advanced its CRD-38 program toward Phase I trials and secured a U.S. patent protecting its drugs through 2040. With $31 million raised, Cardiol is financially positioned to complete MAVERIC and pursue regulatory approval, aiming to offer a safe, non-immunosuppressive oral therapy for inflammatory heart diseases.

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