Artelo Biosciences Inc Stock Price, News & Analysis

Artelo Biosciences (NASDAQ: ARTL) announced the closing of an underwritten public offering, raising approximately $7.6 million. The offering consisted of 10,120,000 units, each priced at $0.75, including common stock and warrants with the same exercise price expiring after five years. This offering included the full exercise of the underwriter's over-allotment option. Ladenburg Thalmann & Co. Inc. acted as the sole book-running manager. The issuance was registered under SEC Form S-1 effective October 8, 2020.

Artelo Biosciences, Inc. (NASDAQ: ARTL) announced an underwritten public offering, aiming for gross proceeds of approximately $6.6 million. The offering includes 8.8 million units priced at $0.75 per unit, each unit consisting of one share of common stock and a warrant with an identical exercise price, expiring in five years. The closing is anticipated on or around October 14, 2020. Additionally, underwriters have a 45-day option to purchase up to 1.32 million additional shares and warrants for over-allotments. This offering follows SEC registration (File No. 333-249083) approved on October 8, 2020.

Artelo Biosciences, Inc. (NASDAQ: ARTL) announced its participation in the H.C. Wainwright Annual Global Investment Conference, taking place virtually from September 14-16, 2020. CEO Gregory D. Gorgas is set to present on September 15 at 3:30 p.m. Eastern Time, with a live webcast available on the event platform. The company focuses on developing therapeutics targeting the endocannabinoid system to address unmet medical needs in various conditions such as cancer, pain, and anorexia. More details can be found on their website.

Artelo Biosciences, Inc. (NASDAQ: ARTL) will participate in the 3rd Annual International Cannabinoid Derived Pharmaceuticals Summit from September 15-17, 2020. CEO Gregory D. Gorgas will discuss intellectual property strategies for cannabinoid drug development on September 15, while Interim CSO Andy Yates, PhD, will present on clinical trial design and the ART27.13 program for cancer-related anorexia on September 16. This summit aims to address challenges in cannabinoid pharmaceutical development, fostering critical discussions among industry specialists.

Artelo Biosciences, Inc. (NASDAQ:ARTL) will present at the LD 500 Virtual Investor Conference from September 1-4, 2020. CEO Gregory D. Gorgas is scheduled to speak on September 1 at 10:20 a.m. Eastern Time. The presentation will be available via webcast. Artelo is focused on developing therapeutics targeting the endocannabinoid system for conditions like cancer and pain. Attendees can schedule one-on-one meetings with the company through the conference registration platform.

Artelo Biosciences (NASDAQ: ARTL) reported its third-quarter financial results for the period ending May 31, 2020, highlighting progress in its clinical pipeline. The company received a composition of matter patent for its CBD cocrystal, ART12.11, ensuring market exclusivity until 2038. Despite COVID-19 delays, Artelo anticipates starting its Phase 1b/2a study for ART27.13 later this year. Financially, operating expenses rose slightly to $951,395, while the net loss increased to $951,191. Cash reserves decreased to approximately $1.28 million from $4.42 million in the previous year.

Artelo Biosciences (NASDAQ: ARTL) has expanded its license agreement with Stony Brook University to include exclusive rights to third-generation fatty acid binding protein 5 (FABP5) inhibitors. This strategic move aims to enhance its development pipeline for cancer therapeutics and treatments for pain and inflammation. The company plans to identify a lead compound from this new set of inhibitors. Notably, Stony Brook's recent NCI grant offers non-dilutive funding to support these advancements, highlighting the potential for significant value creation through intellectual property protection and partnerships.

Artelo Biosciences (NASDAQ: ARTL) announced its participation in two virtual conferences. Gregory D. Gorgas, CEO, will speak on a panel at BIO Digital on June 8-12, discussing innovative pain management strategies through endocannabinoid modulation. Notably, he will present at the 2020 Virtual Summer Summit on June 9 at 1:35 p.m. Eastern Time. Both events aim to foster networking and share insights on therapeutic developments, with presentations available for on-demand viewing. Artelo focuses on developing treatments addressing unmet medical needs in pain, cancer, and other conditions.

Artelo Biosciences has received a new U.S. patent covering ART12.11, its cocrystal solid form of CBD and TMP, providing intellectual property protection until December 10, 2038. This patent validates the company's strategy in developing novel CBD therapeutics aimed at major health issues like PTSD and inflammatory bowel disease. CEO Gregory D. Gorgas highlighted that the cocrystal approach could enhance drug properties, potentially improving efficacy and safety. Artelo is committed to advancing treatments targeting various diseases through their proprietary therapeutics.