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Cara Therapeutic - CARA STOCK NEWS

Welcome to our dedicated page for Cara Therapeutic news (Ticker: CARA), a resource for investors and traders seeking the latest updates and insights on Cara Therapeutic stock.

Overview

Cara Therapeutics is a biotechnology company dedicated to the development of novel therapeutics for the treatment of pain, inflammation, and pruritus. The company leverages advanced drug screening technology to build a pipeline of first‐in‐class molecules designed to address significant unmet medical needs. As an emerging biopharmaceutical firm, Cara Therapeutics has positioned itself within the clinical development arena through its innovative approach to drug discovery and targeted therapeutic interventions.

Core Therapeutic Focus

The company’s primary focus is on conditions that cause severe discomfort and impede quality of life, namely acute pain, inflammatory conditions, and pruritic disorders. Its lead compound, which exhibits analgesic, anti-inflammatory, and antipruritic properties, is under rigorous clinical exploration for multiple therapeutic applications. Cara Therapeutics actively pursues options to widen the therapeutic scope of its novel candidates, ensuring that each development program is rooted in robust scientific research and clinical validation.

Clinical Programs and Research

Cara Therapeutics’ clinical development efforts emphasize precision and innovation. The company’s most advanced therapy candidate currently undergoes clinical testing, reflecting its commitment to bridging the gap between scientific discovery and therapeutic application. The clinical programs are structured to assess not only the efficacy of these novel compounds but also their safety profile across clearly defined patient populations. This dedication to high-quality research underscores the company's broader mission of transforming treatment landscapes for complex conditions.

Innovative Drug Screening Technology

At the heart of Cara Therapeutics’ strategy is its proprietary drug screening platform which enables the discovery of unique molecules with potential analgesic and anti-inflammatory effects. This technology facilitates the rapid identification and development of candidates that might otherwise be overlooked in traditional screening methods, thereby enhancing the company’s ability to generate a sustainable pipeline of innovative treatments.

Market Position and Competitive Landscape

Operating in the highly competitive biotechnology industry, Cara Therapeutics distinguishes itself through its targeted approach to addressing conditions with significant therapeutic challenges. The company navigates a competitive field by aligning its development programs with specific unmet needs in the clinical treatment of pain and pruritus. By combining novel molecule development with a strategic focus on clinical validation, Cara Therapeutics ensures its place among specialized players in the biopharmaceutical market.

Business Model and Operational Strategy

The operational strategy of Cara Therapeutics is built on academic rigor and innovative clinical research. The company cultivates scientific expertise and leverages strategic partnerships to optimize its research and development processes. Revenue generation is expected to come from milestone achievements in clinical testing, licensing opportunities, and potential collaborations that support further drug development initiatives. This model reflects a balanced approach; it prioritizes strong foundational research while remaining responsive to emerging clinical insights.

Expertise and Industry Impact

The comprehensive approach taken by Cara Therapeutics highlights a deep understanding of the complex interplay between drug discovery, clinical validation, and regulatory considerations. The company’s methodical research and its investment in innovative screening technologies position it as an expert in the development of therapies for conditions marked by pain and pruritus. By addressing core patient needs with scientifically sound methodologies, Cara Therapeutics builds authority and trust within the clinical and investor communities.

Key Takeaways

  • Focused Therapeutic Targets: Specialized in pain, inflammation, and pruritus with a clear emphasis on patient-centric treatments.
  • Innovative R&D: Utilizes proprietary drug screening technology to develop a pipeline of novel molecules.
  • Clinical Depth: Engages in advanced clinical trials to evaluate the efficacy and safety of its lead compounds.
  • Market Differentiation: Strategically positioned in a competitive biotechnology landscape by aligning research with unmet medical needs.

This comprehensive overview of Cara Therapeutics is designed to provide investors and industry observers with a clear understanding of its operational framework, clinical ambitions, and overall healthcare significance. The company’s continued commitment to innovative drug development underlines its role in shaping future therapeutic paradigms, offering an in-depth look into its integrated approach spanning research, development, and clinical validation.

Rhea-AI Summary

Cara Therapeutics (CARA) announced a 1-for-12 reverse stock split effective December 30, 2024, at 5:00 p.m. Eastern Time. Trading on the split-adjusted basis will begin December 31, 2024. The company's authorized shares will reduce from 200,000,000 to 16,666,667, while outstanding shares will decrease from approximately 54.9 million to 4.6 million.

The reverse split aims to regain compliance with Nasdaq Capital Market's minimum bid price requirement. The split will uniformly affect all stockholders, maintaining their relative equity interests except for fractional shares, which will be settled in cash. Proportionate adjustments will be made to outstanding stock options and equity incentive plans.

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Cara Therapeutics has announced the engagement of Piper Sandler & Co. to explore strategic alternatives with the aim of maximizing shareholder value.

The company’s Board of Directors has approved a new operating plan focused on cost-containment and cash conservation.

There are no assurances that this exploration will result in any agreements or transactions.

As of March 31, 2024, Cara Therapeutics held approximately $70 million in cash, cash equivalents, and marketable securities.

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Cara Therapeutics announced disappointing results from Part A of their KOURAGE-1 study, evaluating oral difelikefalin for notalgia paresthetica (NP). The drug did not show meaningful clinical benefit over placebo at any dose, leading the company to discontinue the clinical program in NP. The Phase 2/3 trial involved 214 patients, and despite the drug's safety profile being consistent with prior trials, it did not achieve the primary endpoint of a ≥4-point improvement in the Itch-Numeric Rating Scale. Cara Therapeutics will now explore strategic alternatives to maximize shareholder value.

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Cara Therapeutics (Nasdaq: CARA) reported its Q1 2024 results. Net sales from KORSUVA injections totaled $1.8 million, with collaborative revenue contributing $800,000. However, total revenue decreased to $2.1 million from $6.2 million YoY. The company’s net loss widened to $30.7 million from $26.7 million in Q1 2023. Cash balance dropped to $69.8 million from $100.8 million in December 2023, largely due to $30.5 million used in operations. R&D expenses decreased to $22 million, but restructuring expenses added $2.4 million. The KOURAGE 1 Part A study for NP is progressing ahead of schedule, with results expected by the end of Q2 2024. Cara’s financial guidance indicates sufficient cash to fund operations into 2026.

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Cara Therapeutics, a biopharmaceutical company, will announce its first quarter 2024 financial results on May 13, 2024. The company focuses on developing treatments for pruritus to enhance patient lives. The press release will be accessible on the company's website.

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Cara Therapeutics, Inc. (CARA) to present at the 23rd Annual Needham Virtual Healthcare Conference. The President and CEO will discuss the company's innovative pruritus treatment approach. Webcast details are available on the company's website.
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Cara Therapeutics, Inc. (CARA) to host a virtual key opinion leader event discussing neuropathic pruritus treatment landscape. The event will feature experts in the field and highlight oral difelikefalin in notalgia paresthetica.
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Cara Therapeutics prioritizes late-stage development of oral difelikefalin for notalgia paresthetica, completes enrollment ahead of schedule, extends cash runway, and announces financial results for Q4 and full year 2023.
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Cara Therapeutics, Inc. (CARA) will host a conference call on March 4, 2024, to report Q4 and full year 2023 financial results. Registrants can access the call via webcast or dial-in numbers. The event will provide a corporate update.
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Cara Therapeutics, Inc. announced a strategic shift to focus on the oral difelikefalin Phase 2/3 clinical program in notalgia paresthetica (NP) and reduce operating expenses, extending the cash runway into 2026. The company will discontinue the Phase 3 program in advanced chronic kidney disease (CKD) and implement a workforce reduction of up to 50%. The decision is expected to allow the completion of the NP clinical program and reach key value-inflection milestones. The Phase 2/3 clinical program for NP is progressing ahead of projections, with a data readout expected in Q3 2024. The company also announced the departure of Frédérique Menzaghi, Ph.D., Chief Scientific Officer and SVP of Research & Development, effective February 2, 2024.
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FAQ

What is the current stock price of Cara Therapeutic (CARA)?

The current stock price of Cara Therapeutic (CARA) is $4.8 as of April 4, 2025.

What is the market cap of Cara Therapeutic (CARA)?

The market cap of Cara Therapeutic (CARA) is approximately 22.2M.

What is the primary focus of Cara Therapeutics?

Cara Therapeutics specializes in developing novel therapeutics to treat conditions associated with pain, inflammation, and pruritus. The company focuses on creating therapies that address significant unmet medical needs.

Can you explain the significance of the company’s lead compound?

The lead compound under clinical evaluation exhibits analgesic, anti-inflammatory, and antipruritic properties, targeting acute pain and pruritic disorders. It represents the company’s commitment to delivering first-in-class therapeutic options.

How does Cara Therapeutics develop its drug pipeline?

Cara Therapeutics employs proprietary drug screening technology to identify and develop unique molecules with therapeutic potential. This approach enables the company to build a sustainable pipeline of novel candidates.

What therapeutic areas does the company address?

The company focuses on therapeutic areas involving pain management, inflammation, and pruritus. Its research targets conditions where traditional treatments may not adequately address patient needs.

How is the company positioned within the biotech industry?

Cara Therapeutics is positioned as a clinical-stage biotechnology firm that differentiates itself through innovative research and focused therapeutic development. Its strategy centers on addressing critical unmet needs in its target markets.

How does the proprietary drug screening technology benefit Cara Therapeutics?

The proprietary technology enhances the efficiency and accuracy of identifying novel therapeutic candidates. This innovative approach not only accelerates development timelines but also expands the potential for groundbreaking treatments.

What are the main factors that compromise the competitive landscape for the company?

Operating in a competitive space, Cara Therapeutics differentiates itself through focused research and technological innovation. While many companies aim to address similar conditions, its unique approach and clinical strategies set it apart.
Cara Therapeutic

Nasdaq:CARA

CARA Rankings

CARA Stock Data

22.19M
3.96M
13.18%
24.52%
1.42%
Biotechnology
Pharmaceutical Preparations
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United States
STAMFORD