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Artelo Biosciences Soars 13.73% on Clinical Trial Success, Blockchain Strategy
Generated by AI AgentAinvest Pre-Market Radar
Monday, Aug 4, 2025 7:48 am ET1min read
Aime SummaryArtelo Biosciences' stock surged 13.73% in pre-market trading on August 4, 2025, driven by significant developments in its clinical trials and strategic financing.
Artelo Biosciences has received favorable guidance from the UK's Medicines and Healthcare products Regulatory Agency (MHRA) for its Phase 1 trial of ART12.11, a proprietary CBD:TMP
designed to treat anxiety and depression. This regulatory support is a crucial milestone for the company, as it paves the way for further clinical development and potential market entry.The company has also secured a $9.475 million private placement to implement a groundbreaking Solana (SOL) treasury strategy. This strategic move not only provides Artelo with the necessary capital but also positions it as a pioneer in the pharmaceutical industry by adopting blockchain technology for financial management.
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