Artelo Biosciences releases peer-reviewed study on fatty acid binding proteins
Publication Announcement: Artelo Biosciences has published a peer-reviewed article titled "The Emerging Role of Fatty Acid Binding Protein 3 in Cancers" in Drug Discovery Today, led by Dr. George Warren.
Research Focus: This article is the third in a series of reviews discussing the protumoral roles of FABP isoforms 3, 5, and 7 in cancer biology.
Company Commitment: Gregory Gorgas, CEO of Artelo, emphasized the company's dedication to developing innovative therapeutics to meet unmet medical needs through ongoing research on FABPs.
Future Plans: Artelo aims to advance its lead program, ART26.12, which targets FABP5 for pain treatment, while also exploring the potential of its FABP inhibitor portfolio in various cancers and diseases linked to lipid signaling dysregulation.
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Wolfspeed's Reorganization: Wolfspeed, Inc. announced a court-approved reorganization plan that will reduce its debt by 70% and interest payments by 60%, leading to a 50.9% increase in its stock price during pre-market trading.
Other Notable Stock Movements: Several companies saw significant pre-market trading gains, including Sunrise New Energy Co. (up 97%) and Vivakor, Inc. (up 67%), while others like Epsium Enterprise Limited and Artelo Biosciences, Inc. experienced notable declines.
Public Offering Announcement: Artelo Biosciences has initiated an underwritten public offering of its common stock and/or pre-funded warrants, with all shares being offered by the company.
Market Conditions Impact: The completion, final size, and terms of the offering are contingent on market conditions, and there is no assurance regarding the timing or completion of the offering.
Public Offering Announcement: Artelo Biosciences, Inc. has initiated an underwritten public offering of its common stock and/or pre-funded warrants, with the offering subject to market conditions and no assurance of completion or specific terms.
Company Overview: Artelo Biosciences is a clinical-stage pharmaceutical company focused on developing treatments for various conditions, including cancer and pain, by modulating lipid-signaling pathways, and is led by an experienced executive team.

Analyst Downgrades: JP Morgan downgraded Science Applications International Corporation (SAIC) from Overweight to Neutral, lowering the price target from $140 to $115, with shares closing at $104.93.
Artelo Biosciences Rating Change: D. Boral Capital downgraded Artelo Biosciences, Inc. from Buy to Hold, with shares closing at $4.51.
ABM Industries Adjustment: Baird analyst downgraded ABM Industries Incorporated from Outperform to Neutral, reducing the price target from $56 to $54, while shares closed at $48.26.
Market Overview: The article provides insights into various stock performances and analyst ratings, highlighting significant changes in outlook for several companies.

Public Offering Details: Artelo Biosciences, Inc. closed an underwritten public offering of 640,924 shares of common stock at $4.40 per share, along with pre-funded warrants for 40,894 shares at $4.399 each, raising approximately $3 million in gross proceeds.
Market Performance: Following the offering, Artelo's stock closed at $4.51, reflecting a 3.68% increase, with no after-hours trading activity reported on NasdaqCM.








