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Cadrenal Therapeutics, Inc. (Nasdaq: CVKD) is a pioneering biopharmaceutical company devoted to advancing the development of tecarfarin, an innovative anticoagulant (blood thinner). Tecarfarin is designed to reduce the risk of heart attacks, strokes, and fatalities caused by blood clots in patients with specific, rare cardiovascular conditions.
This novel therapy, currently in its late-stage of development, shows promise for patients suffering from conditions where traditional anticoagulants, such as warfarin and direct oral anticoagulants (DOACs) like Eliquis, fall short. Tecarfarin targets different metabolic pathways, which could provide more stable anticoagulation compared to warfarin, and is particularly significant for patients with end-stage kidney disease (ESKD) and atrial fibrillation (AFib).
Recent developments have highlighted tecarfarin's potential benefits:
- Cadrenal has secured orphan drug designation (ODD) from the FDA for tecarfarin's use in preventing thromboembolism and thrombosis in patients with mechanical circulatory support devices, such as left ventricular assist devices (LVADs). This designation offers incentives such as clinical research tax credits and seven years of market exclusivity post-approval.
- The company is exploring strategic partnerships and licensing agreements with The Sage Group, aiming to enhance clinical development and regulatory strategies globally.
- Tecarfarin has demonstrated efficacy in eleven human clinical trials involving over 1,000 individuals, showing generally good tolerance in both healthy subjects and those with chronic kidney disease.
- Cadrenal has also managed cash resources effectively, maintaining substantial financial flexibility, with significant cash reserves to continue advancing towards pivotal trials expected to commence in 2024.
As Cadrenal moves forward, its efforts are bolstered by the growing body of evidence supporting the need for a reliable Vitamin K antagonist (VKA) like tecarfarin. This is especially crucial for patients with LVADs and other conditions where DOACs are contraindicated or ineffective. For more information, please visit: www.cadrenal.com.
Cadrenal Therapeutics, a biopharmaceutical company, will participate in the Lytham Partners Spring 2024 Investor Conference on May 30, 2024. The company, trading under the Nasdaq symbol CVKD, is developing tecarfarin, an advanced oral anticoagulant aimed at preventing heart attacks, strokes, and deaths from blood clots in patients with rare cardiovascular conditions. A webcasted presentation is scheduled for 12:30pm ET on May 30, 2024, accessible via the conference homepage or directly through a provided link. The presentation will be available for replay. Additionally, the company’s management will host virtual one-on-one meetings with investors throughout the event. Interested parties can arrange meetings by contacting Lytham Partners or registering for the event.
Cadrenal Therapeutics, Inc. provided a corporate update for Q1 2024, highlighting receiving FDA Orphan Drug Designation for tecarfarin to prevent thromboembolism and thrombosis in patients with implanted mechanical circulatory support devices. The company appointed a new COO, engaged in strategic partnerships, and emphasized the need for improved anticoagulant therapy. Q1 2024 operating expenses were $1.6 million with $6.6 million in cash balances as of March 31, 2024.
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