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Cardiol Therapeutics' ARCHER Phase II Study Results Published in ESC Heart Failure

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Rhea-AI Sentiment
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Cardiol Therapeutics (NASDAQ: CRDL) announced publication of its Phase II ARCHER study in ESC Heart Failure on February 10, 2026. The randomized, double‑blind, placebo‑controlled trial in 109 patients reported a significant reduction in left ventricular mass versus placebo (-9.2 g; p=0.0117), decreased left atrial remodelling, favorable trends in myocardial inflammation markers, and a safety/tolerability profile. The authors and company highlight relevance of these biological signals to Cardiol's ongoing pivotal Phase III MAVERIC trial in recurrent pericarditis, citing myocarditis–pericarditis overlap and potential implications for inflammation‑driven structural heart damage.

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Positive

  • Significant reduction in left ventricular mass of -9.2 g (p=0.0117)
  • Safe and well tolerated treatment profile reported in ARCHER
  • Biological signals directly relevant to ongoing Phase III MAVERIC trial

Negative

  • Phase II sample size limited to 109 patients, which may limit statistical power
  • Multiple myocardial inflammation markers showed only favorable trends rather than universally significant results

News Market Reaction

+1.89%
1 alert
+1.89% News Effect

On the day this news was published, CRDL gained 1.89%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Patient count: 109 patients LV mass change: -9.2 g P-value: p=0.0117 +4 more
7 metrics
Patient count 109 patients Phase II ARCHER myocarditis trial size
LV mass change -9.2 g Reduction in left ventricular mass vs placebo
P-value p=0.0117 Statistical significance for LV mass reduction
Share price $1.06 Pre-news trading price
Daily move 6.55% 24-hour price change before article time
Volume 350,775 shares Today’s trading volume vs 20-day average
200-day MA $1.14 Long-term moving average vs current price

Market Reality Check

Price: $1.04 Vol: Volume 350,775 is 0.93x t...
normal vol
$1.04 Last Close
Volume Volume 350,775 is 0.93x the 20-day average of 376,214, indicating typical trading activity. normal
Technical Shares trade below the 200-day MA of $1.14, at a pre-news price of $1.06.

Peers on Argus

CRDL gained 6.55% while peers were mixed: INCR up 2.22%, ASRT, DRRX, ANIK, BIOA ...

CRDL gained 6.55% while peers were mixed: INCR up 2.22%, ASRT, DRRX, ANIK, BIOA down between 1.04% and 4.83%, pointing to a stock-specific move.

Previous Clinical trial Reports

5 past events · Latest: Jan 13 (Positive)
Same Type Pattern 5 events
Date Event Sentiment Move Catalyst
Jan 13 MAVERIC enrollment update Positive +1.3% Phase III MAVERIC trial surpassed 50% enrollment for recurrent pericarditis.
Dec 01 ARCHER myocarditis data Positive -9.5% Phase II ARCHER data showed LV mass and atrial volume reductions with balanced safety.
Nov 05 ARCHER data presentation Positive +3.8% Announcement of full ARCHER data presentation at an ESC myocardial and pericardial meeting.
Aug 06 ARCHER topline results Positive -20.7% Topline ARCHER results showed improved extracellular volume and LV mass with good safety.
Jul 22 ARCHER database lock Positive +14.8% Database lock for ARCHER, a 100+ patient multicenter myocarditis study with CMR endpoints.
Pattern Detected

Clinical trial updates have produced mixed reactions, with both strong gains and sharp selloffs despite generally positive trial narratives.

Recent Company History

Over recent months, Cardiol has repeatedly highlighted CardiolRx across its clinical programs. ARCHER Phase II myocarditis results have progressed from database lock to topline data, detailed ESC presentations, and now journal publication, consistently showing structural cardiac benefits and favorable safety. In parallel, the pivotal Phase III MAVERIC trial in recurrent pericarditis surpassed 50% enrollment toward a planned ~110 patients. Historically, same‑tag clinical releases have averaged a -2.08% move, underscoring varied trading responses to similar updates.

Historical Comparison

-2.1% avg move · Clinical trial headlines over the past year averaged a -2.08% move. Today’s +6.55% gain on ARCHER pu...
clinical trial
-2.1%
Average Historical Move clinical trial

Clinical trial headlines over the past year averaged a -2.08% move. Today’s +6.55% gain on ARCHER publication stands as a stronger-than-usual positive reaction.

The clinical path shows ARCHER moving from database lock and topline myocarditis data through conference presentation to peer-reviewed publication, while MAVERIC advances toward full enrollment in recurrent pericarditis.

Market Pulse Summary

This announcement reports peer-reviewed Phase II ARCHER results in 109 acute myocarditis patients, s...
Analysis

This announcement reports peer-reviewed Phase II ARCHER results in 109 acute myocarditis patients, showing a significant -9.2 g reduction in left ventricular mass (p=0.0117) and supportive safety. The biological signals are positioned as relevant to the ongoing Phase III MAVERIC trial in recurrent pericarditis. Recent history includes multiple ARCHER updates and active enrollment in MAVERIC, alongside fresh capital from bought-deal financings. Investors may watch future MAVERIC data and additional peer-reviewed outputs as key milestones.

Key Terms

acute myocarditis, cardiac magnetic resonance (CMR), left ventricular mass, left atrial remodelling, +3 more
7 terms
acute myocarditis medical
"in 109 patients with acute myocarditis using advanced cardiac magnetic resonance"
Acute myocarditis is a sudden inflammation of the heart muscle that can weaken the heart’s ability to pump and cause irregular rhythms, often requiring medical treatment or hospitalization. For investors, it matters because cases can affect employee or executive health, trigger product safety or clinical-trial concerns, increase medical and legal costs, and prompt regulatory scrutiny—similar to how a jammed pump can slow down an entire factory’s output and raise repair bills.
cardiac magnetic resonance (CMR) medical
"using advanced cardiac magnetic resonance (CMR) imaging measures of myocardial"
Cardiac magnetic resonance (CMR) is a type of medical imaging that uses magnetic fields and radio waves to create detailed, moving pictures of the heart’s structure and how well it pumps, like a high‑resolution camera and motion sensor for the heart. Investors care because CMR can diagnose heart disease, track treatment effects and support clinical trial data, which affects demand for imaging equipment, diagnostics, therapies and regulatory decisions that influence company value.
left ventricular mass medical
"produced a significant reduction in left ventricular mass versus placebo (-9.2 g;"
Left ventricular mass is the weight of the muscle in the heart’s main left pumping chamber, usually measured by imaging. It matters to investors because changes in this measurement signal heart health risks and can indicate whether a drug, device, or diagnostic is effective or needed; think of it as the engine size in a car—too big or too strained can mean higher repair costs and greater long-term risk.
left atrial remodelling medical
"along with a decrease in left atrial remodelling, and favorable trends across"
Left atrial remodelling is the process by which the heart’s left atrium changes shape and function over time—often enlarging, becoming stiffer or developing scar tissue—usually in response to conditions like high blood pressure or abnormal heart rhythm. For investors, it matters because these changes drive demand for diagnostics, drugs, devices and procedures, affect patient outcomes and clinical trial results, and can influence healthcare costs and market size much like wear-and-tear alters when and how a machine needs repair.
myocarditis medical
"in 109 patients with acute myocarditis using advanced cardiac magnetic"
Inflammation of the heart muscle that can weaken the heart’s ability to pump and cause symptoms such as chest pain, shortness of breath, or abnormal heart rhythms. Investors care because myocarditis can affect healthcare costs, clinical trial outcomes, regulatory decisions, product safety perceptions, workforce availability, or lead to legal and reputational risks for companies, similar to how a car engine problem can halt a business until it's fixed.
pericarditis medical
"Phase III MAVERIC trial in recurrent pericarditis. Myocarditis and pericarditis"
Pericarditis is inflammation of the thin sac that surrounds the heart, like irritation of a protective sleeve or a balloon around the organ. It can cause chest pain, fatigue and other symptoms and is important to investors because cases linked to a drug, vaccine or medical device can change regulatory decisions, affect sales and trigger safety reviews or legal risk, which can move a company’s stock and future outlook.
myopericardial syndrome medical
"spectrum of inflammatory myopericardial syndrome, an umbrella term describing"
Myopericardial syndrome is an inflammatory condition affecting both the heart muscle and the surrounding sac, which can reduce the heart’s ability to pump and cause chest pain or irregular rhythms. For investors, it matters because such a diagnosis linked to a drug, device or clinical trial can trigger safety reviews, regulatory actions, product liabilities and rapid changes in a company’s valuation—like finding corrosion in both an engine and its housing.

AI-generated analysis. Not financial advice.

Toronto, Ontario--(Newsfile Corp. - February 10, 2026) - Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) ("Cardiol" or the "Company"), a late-stage life sciences company focused on advancing the development of anti-inflammatory and anti-fibrotic therapies for heart disease, today announced the publication of results from its Phase II ARCHER study in ESC Heart Failure, a journal of the European Society of Cardiology.

The peer-reviewed article reports results from a randomized, double-blind, placebo-controlled trial evaluating CardiolRx™, Cardiol's lead oral drug candidate, in 109 patients with acute myocarditis using advanced cardiac magnetic resonance (CMR) imaging measures of myocardial inflammation and remodelling.

In the study, treatment with CardiolRx™ produced a significant reduction in left ventricular mass versus placebo (-9.2 g; p=0.0117), along with a decrease in left atrial remodelling, and favorable trends across multiple markers of myocardial inflammation. CardiolRx was also shown to be safe and well tolerated. Reduction in left ventricular mass is widely considered consistent with decreased myocardial edema and inflammatory burden in myocarditis and improved clinical outcomes.

The biological signals observed in ARCHER are directly relevant to Cardiol's ongoing pivotal Phase III MAVERIC trial in recurrent pericarditis. Myocarditis and pericarditis are inflammatory diseases of the myocardium and pericardium, respectively, and are recognized to fall within the spectrum of inflammatory myopericardial syndrome, an umbrella term describing the potential myocarditis-pericarditis overlap: similar causes, anatomical contiguous structures, and mixed forms with possible reciprocal involvement, such as myopericarditis and perimyocarditis.

"This publication marks an important moment in the broader dissemination of CardiolRx's therapeutic potential," said David Elsley, President and Chief Executive Officer of Cardiol Therapeutics. "ARCHER provides additional compelling clinical evidence that CardiolRx impacts the underlying biology of inflammatory heart disease and reduces inflammation-driven structural damage in the heart, increasing our confidence in MAVERIC, which is focused on delivering meaningful outcomes for patients with recurrent pericarditis."

The full paper is available at:
https://academic.oup.com/eschf/advance-article/doi/10.1093/eschf/xvaf034/8427108

About Cardiol Therapeutics

Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) is a late-stage life sciences company focused on advancing the development of anti-inflammatory and anti-fibrotic therapies for heart disease. The Company's lead small-molecule drug candidate, CardiolRx™, modulates inflammasome pathway activation, an intracellular process known to play an important role in the development and progression of inflammation and fibrosis associated with pericarditis, myocarditis, and heart failure.

The MAVERIC Program is evaluating CardiolRx™ for the treatment of recurrent pericarditis, an inflammatory disease of the pericardium associated with symptoms including debilitating chest pain, shortness of breath, and fatigue, which can lead to physical limitations, reduced quality of life, emergency department visits, and hospitalizations. The program comprises the completed Phase II MAvERIC-Pilot study (NCT05494788) and the ongoing pivotal Phase III MAVERIC trial (NCT06708299). The U.S. FDA has granted Orphan Drug Designation to CardiolRx™ for the treatment of pericarditis, including recurrent pericarditis.

The ARCHER Program is also studying CardiolRx™, specifically in acute myocarditis-an important cause of acute and fulminant heart failure in young adults and a leading cause of sudden cardiac death in individuals under 35 years of age. The program comprises the completed Phase II ARCHER study (NCT05180240), which evaluated the safety, tolerability, and efficacy of CardiolRx™ in this patient population.

The Company is also developing CRD-38, a novel, subcutaneously administered drug formulation intended for the treatment of inflammatory heart disease, including heart failure-a leading cause of death and hospitalization in the developed world, with associated healthcare costs in the United States exceeding US$30 billion per year.

For more information about Cardiol Therapeutics, please visit cardiolrx.com.

Cautionary statement regarding forward-looking information:

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that Cardiol believes, expects, or anticipates will, may, could, or might occur in the future are "forward-looking information". Forward looking information contained herein may include, but is not limited to statements regarding the Company's focus on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, the Company's intended clinical studies and trial activities and timelines associated with such activities, including the Company's plan to complete the Phase III study in recurrent pericarditis with CardiolRx™, the Company's plan to advance the development of CRD-38, a novel subcutaneous formulation intended for the treatment of inflammatory heart disease, including heart failure, including through the initiation of the first-in-human clinical evaluation, and the Company's belief that results from the ARCHER trial provide compelling clinical proof of concept for CardiolRx™, strengthen the scientific and clinical rationale for Cardiol's lead Phase III program in recurrent pericarditis. Forward-looking information contained herein reflects the current expectations or beliefs of Cardiol based on information currently available to it and is based on certain assumptions and is also subject to a variety of known and unknown risks and uncertainties and other factors that could cause the actual events or results to differ materially from any future results, performance or achievements expressed or implied by the forward looking information, and are not (and should not be considered to be) guarantees of future performance. These risks and uncertainties and other factors include the risks and uncertainties referred to in the Company's Annual Information Form filed with the Canadian securities administrators and U.S. Securities and Exchange Commission on March 31, 2025, available on SEDAR+ at sedarplus.ca and EDGAR at sec.gov, as well as the risks and uncertainties associated with product commercialization and clinical studies. These assumptions, risks, uncertainties, and other factors should be considered carefully, and investors should not place undue reliance on the forward-looking information, and such information may not be appropriate for other purposes. Any forward-looking information speaks only as of the date of this press release and, except as may be required by applicable securities laws, Cardiol disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events, or results, or otherwise. Investors are cautioned not to rely on these forward-looking statements.

For further information, please contact:
Investor.relations@cardiolrx.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283346

FAQ

What did Cardiol Therapeutics (CRDL) report in the ARCHER Phase II study published February 10, 2026?

The study showed a -9.2 g reduction in left ventricular mass versus placebo (p=0.0117). According to the company, ARCHER in 109 patients also showed decreased left atrial remodelling, favorable inflammation marker trends, and a safe, well‑tolerated profile.

How does the ARCHER Phase II result affect Cardiol's Phase III MAVERIC trial (CRDL)?

ARCHER's biological signals support MAVERIC's mechanism and design, increasing confidence in ongoing development. According to the company, the Phase II reduction in structural inflammation is directly relevant to MAVERIC in recurrent pericarditis.

What were the key efficacy measures and significance in the Cardiol ARCHER study (CRDL)?

The key measure was left ventricular mass, which decreased by 9.2 g versus placebo (p=0.0117). According to the company, additional measures showed reduced atrial remodelling and favorable trends across inflammation markers.

Was CardiolRx safe and tolerated in the ARCHER Phase II trial reported by Cardiol Therapeutics (CRDL)?

Yes. CardiolRx was described as safe and well tolerated in ARCHER. According to the company, no new safety concerns were reported and tolerability supported progression to pivotal studies.

How large was the ARCHER trial and what limitations should investors note about the results for CRDL?

ARCHER enrolled 109 patients, a typical Phase II size with limited power for some endpoints. According to the company, several inflammation markers showed favorable trends but not universal statistical significance.
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