Artelo Biosciences Inc
NASDAQ:ARTL
Artelo Biosciences Inc
Artelo Biosciences, Inc. is a clinical stage biopharmaceutical company, which focuses on the development of therapeutics that target lipid-signaling pathways, including the endocannabinoid system. The company is headquartered in Solana Beach, California and currently employs 5 full-time employees. The company went IPO on 2015-10-13. The firm is focused on the development of therapeutics that target lipid-signaling pathways, including the endocannabinoid system (the ECS), a family of receptors and neurotransmitters that form a biochemical communication network throughout the body. Its programs represent a range of approaches in utilizing the ECS to develop pharmaceuticals for patients with unmet healthcare needs. Its product pipeline includes ART27.13, ART12.11 and ART26.12. ART27.13 is a clinic-ready, potent, peripherally restricted dual synthetic agonist developed for the treatment of cancer-related anorexia and weight loss. ART26.12 is a small molecule inhibitor of Fatty Acid Binding Protein 5 (FABP5), being studied both as a cancer therapeutic and in anxiety-related disorders, including post-traumatic stress disorder (PTSD). ART12.11 is a solid-state composition of cannabidiol (CBD cocrystal) for PTSD and inflammatory bowel diseases.
Artelo Biosciences, Inc. is a clinical stage biopharmaceutical company, which focuses on the development of therapeutics that target lipid-signaling pathways, including the endocannabinoid system. The company is headquartered in Solana Beach, California and currently employs 5 full-time employees. The company went IPO on 2015-10-13. The firm is focused on the development of therapeutics that target lipid-signaling pathways, including the endocannabinoid system (the ECS), a family of receptors and neurotransmitters that form a biochemical communication network throughout the body. Its programs represent a range of approaches in utilizing the ECS to develop pharmaceuticals for patients with unmet healthcare needs. Its product pipeline includes ART27.13, ART12.11 and ART26.12. ART27.13 is a clinic-ready, potent, peripherally restricted dual synthetic agonist developed for the treatment of cancer-related anorexia and weight loss. ART26.12 is a small molecule inhibitor of Fatty Acid Binding Protein 5 (FABP5), being studied both as a cancer therapeutic and in anxiety-related disorders, including post-traumatic stress disorder (PTSD). ART12.11 is a solid-state composition of cannabidiol (CBD cocrystal) for PTSD and inflammatory bowel diseases.
Pipeline Progress: Artelo Biosciences highlighted three drug candidates targeting cancer and other major diseases, with one in the clinic and two nearing IND-enabling stages.
Lead Program: The main drug, 27.13, is in clinical trials for cancer anorexia; initial patient enrollment occurred in April and data from the first phase is expected by year-end.
Market Potential: All programs target large, established markets of around $1 billion, with potential for growth especially due to areas with no approved treatments.
Financial Position: The company reported $10 million in cash, sufficient to complete near-term milestones including clinical trial readouts.
Patent Protection: All assets are covered by robust patents extending to at least 2038 for some programs, supporting exclusivity.
Differentiation: Management emphasized that their lead cannabinoid-based drug avoids central nervous system side effects common with medical marijuana.
