600 new cannabinoid candidates swell Corbus pipeline
Corbus Pharmaceuticals (Nasdaq: CRBP) has bought global rights to more than 600 cannabinoid-based compounds from Jenrin Discovery.
The jewel in the crown is CRB-4001, a CB1 inverse agonist targeting liver, lung, heart and kidney fibrotic diseases, which has a number of issued and pending patents.
The news sent shares in the East Coast, USA-based company soaring more than 50% on Thursday, before falling nearly 15% in the following day’s trade, likely a result of some investors cashing in on the sudden spike.
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