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Artelo Biosciences and University of Western Ontario Awarded Research Grant by Mitacs

Artelo Biosciences, Inc. (ARTL) 
US:NASDAQ Investor Relations: artelobio.com/investors
Company Research Source: GlobeNewswire
LA JOLLA, Calif., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Artelo Biosciences, Inc. (NASDAQ: ARTL), a clinical stage biopharmaceutical company focused on the development of therapeutics that modulate endogenous signaling pathways, including the endocannabinoid system, today reported that its wholly owned Canadian subsidiary, Artelo Biosciences Corporation, and Dr. Steven Laviolette’s laboratory at the University of Western Ontario, have been awarded a Mitacs Accelerate grant. The grant is expected to fund 50% of expenses related to preclinical research investigating ART26.12 as a potential treatment for anxiety disorders. ART26.12 is Artelo’s Fatty Acid Binding Protein 5 (FABP5) inhibitor program, which was licensed through an exclusive agreement and in collaboration with The Research Foundation of the State University of New York Stony Brook. In addition to anxiety disorders, the company plans to develop ART26.12 for the treatment of cancer, inflammation, and pain. Fatty Acid Binding Pro Show less Read more
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