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The Markets
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Pharma & Biotech

Cardiol Therapeutics files patent to use CBD therapies for patients with coronavirus

Research shows that cannabidiol could reduce the severity and prevent the progression of COVID-19 symptoms in patients with pre-existing cardiovascular conditions

Cardiol Therapeutics Inc (TSE:CRDL) (OTCQX:CRTPF) has filed a new patent application to cover the use of cannabidiol in patients with COVID-19, the disease caused by coronavirus.

Cannabidiol, or CBD, could reduce the severity and prevent the progression of COVID-19 symptoms in patients with pre-existing cardiovascular conditions, according to Cardiol.

The Oakville-based company is developing CBD-based therapies for heart disease as well as proprietary nanotechnology to deliver pharmaceutical cannabidiol directly into sites of inflammation in the heart.

READ: Cardiol Therapeutics says its nanotechnology successfully delivers anti-fibrotic drugs to diseased heart

While coronavirus attacks the respiratory system, there is growing evidence that patients with COVID-19 are at a higher risk of developing cardiovascular complications, Cardiol said in a statement.

What’s more, people with pre-existing cardiovascular disease are more likely to develop severe symptoms associated with COVID-19 and could suffer a worse prognosis than their healthy peers. According to a recent study published in the Journal of the American Medical Association Cardiology, 35% of patients hospitalized with COVID-19 had underlying cardiovascular disease and had a significantly higher mortality rate than patients without heart conditions.

David Elsley, Cardiol’s CEO, told investors that the company is looking at how its CBD formulation could help COVID-19 patients with cardiovascular disease.

"Experimental evidence demonstrating the cardioprotective properties of cannabidiol suggest therapeutic potential in this vulnerable patient population,” Elsley said in a statement.

“As part of our strategy to develop cannabidiol for patients with heart failure, we look forward to investigating the anti-inflammatory properties of our extra strength CBD formulation in COVID-19 patients with cardiac injury, with the hope of significantly improving patient outcomes."

Pre-clinical research looks promising. In a model involving cardiac injury, Cardiol's pharmaceutically-produced cannabidiol had a cardioprotective effect that led to a reduction of fibrosis, cardiac hypertrophy, and the cardiac remodeling marker BNP.

Data from the research was presented at the American College of Cardiology's 69th Annual Scientific Session & Expo, held virtually at the end of March.

Shares in Toronto added 4.64% to C$3.16.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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