180 Life Sciences (NASDAQ: ATNF), a clinical-stage biotechnology company focused on the development of novel drugs that fulfill unmet needs in inflammatory diseases, fibrosis and pain, today released a letter to shareholders from its Chief Executive Officer James Woody, MD, PhD. In the letter, Dr. Woody commented on the company’s current share price, indicating that 180 Life Sciences is not an anomaly as the market and the biotech sector have been declining precipitously and addressed a confluence of contributing factors. “Although we cannot influence these factors, we continue to push forward with our mission: to bring much-needed therapies to patients. Moreover, as previously disclosed in our SEC filings, certain executives and board members of the company have purchased shares in the open market at a price per share higher than our current trading price and such executives remain excited about the future potential of the company,” Dr. Woody stated in the update. “While we are not pleased with the recent drop, we have an unfaltering belief in the company and remain focused on creating fundamental value that we expect will ultimately be reflected over time.”
To view the full press release, visit https://ibn.fm/9swCT
About 180 Life Sciences Corp.
180 Life Sciences is a clinical-stage biotechnology company focused on the development of novel drugs that fulfill unmet needs in inflammatory diseases, fibrosis and pain by leveraging the combined expertise of luminaries in therapeutics from Oxford University, the Hebrew University and Stanford University. 180 Life Sciences is leading the research into solving one of the world’s biggest drivers of disease — inflammation. The company is driving groundbreaking studies into clinical programs, which are seeking to develop novel drugs addressing separate areas of inflammation for which there are no effective therapies. The company’s primary platform is a novel program to treat fibrosis using anti-TNF (tumor necrosis factor). For more information, visit the company’s website at www.180LifeSciences.com.
NOTE TO INVESTORS: The latest news and updates relating to ATNF are available in the company’s newsroom at http://ibn.fm/ATNF
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