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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.
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Cadrenal Therapeutics, Inc. (CVKD) to present tecarfarin, a novel anticoagulant, at Noble Capital Markets' Virtual Healthcare Equity Conference. The presentation includes a Q&A session and 1x1 meetings for investors. The webcast will be available on the company's website and Channelchek for 90 days.
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Cadrenal Therapeutics, Inc. (CVKD) receives FDA Orphan Drug Designation for tecarfarin, a novel anticoagulant for rare cardiovascular conditions, expanding treatment options and market exclusivity.
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Cadrenal Therapeutics, Inc. (CVKD) provided a corporate update, expanding tecarfarin development to include new medical conditions, engaged in strategic partnerships, appointed a new COO, and reported Q4 2023 financials. Recent reports show positive equity research coverage and participation in key conferences.
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Cadrenal Therapeutics, Inc. (CVKD) announces participation at THT 2024 to discuss tecarfarin, a novel oral anticoagulant for rare medical conditions. Tecarfarin aims to prevent heart attacks, strokes, and deaths due to blood clots. It has FDA designations for ESKD, AFib, and APS. Tecarfarin offers a different metabolism pathway than warfarin and has shown positive results in human trials.
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Cadrenal Therapeutics, Inc. (Nasdaq: CVKD) has appointed Jeff Cole as the Chief Operating Officer to oversee manufacturing, supply chain operations, intellectual property, commercialization strategies, and partnering activities for tecarfarin, a novel Vitamin K Antagonist for anticoagulation therapy. With over 25 years of experience in global pharmaceutical manufacturing and commercial operations, Mr. Cole's appointment is expected to support the company's tecarfarin clinical program and evaluate partnering opportunities. His previous roles at Valeant Pharmaceuticals International and Espero BioPharma demonstrate a strong track record in product development, supply, and commercial operations. The appointment reflects the company's focus on addressing unmet needs for patients with left ventricular assist devices (LVADs), antiphospholipid syndrome (APS), end-stage kidney disease (ESKD), and atrial fibrillation (AFib).
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Cadrenal Therapeutics, Inc. announces the citation of a peer-reviewed article in the Journal of the American College of Cardiology highlighting the need for VKA-based anticoagulant therapy. The article emphasizes the limitations of DOACs in conditions such as mechanical heart valves, thrombotic APS, and AFib associated with ESKD. It also underscores the need for the advancement of tecarfarin development program to address critical gaps in anticoagulation therapy.
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Cadrenal Therapeutics, Inc. (CVKD) announced that its Chief Medical Officer will participate in a fireside chat at the Lytham Partners 2024 Investor Select Conference. The company will also host one-on-one meetings with investors. The webcasted fireside chat is scheduled for February 1, 2024, and can be accessed online. Management will be participating in virtual one-on-one meetings throughout the event. Further information on the conference is available at the provided link.
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Cadrenal Therapeutics, Inc. (Nasdaq: CVKD) will present tecarfarin, a late-stage oral anticoagulant, at Biotech Showcase™ 2024 and the J.P. Morgan 42nd Annual Healthcare Conference. Tecarfarin targets orphan diseases, providing stable anticoagulation for patients with conditions like End-Stage Kidney Disease, Left Ventricular Assist Devices, and Antiphospholipid Syndrome.
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Cadrenal Therapeutics, Inc. (Nasdaq: CVKD) has received an 'Outperform' rating and a price target of US$4.00 per share from Noble Capital Markets for its late-stage novel oral anticoagulant tecarfarin, designed to prevent heart attacks, strokes, and deaths due to blood clots in patients with certain orphan diseases.
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Cadrenal Therapeutics, Inc. (Nasdaq: CVKD) has engaged The Sage Group to explore strategic partnerships, co-development, and licensing agreements for tecarfarin, a novel oral and reversible anticoagulant. Tecarfarin addresses the need for stable anticoagulation in patients with certain orphan diseases, including ESKD with AFib, LVADs, and APS. The drug has shown promising results in clinical trials and has been granted orphan drug and fast-track designations by the FDA. Cadrenal estimates the combined addressable market opportunity to be in excess of US $2 billion per year in the U.S.
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FAQ
What is the current stock price of Cadrenal Therapeutics (CVKD)?
The current stock price of Cadrenal Therapeutics (CVKD) is $19.79 as of January 23, 2025.
What is the market cap of Cadrenal Therapeutics (CVKD)?
The market cap of Cadrenal Therapeutics (CVKD) is approximately 34.7M.
What is Cadrenal Therapeutics' primary focus?
Cadrenal Therapeutics focuses on developing tecarfarin, a novel anticoagulant designed to prevent heart attacks, strokes, and deaths due to blood clots in patients with rare cardiovascular conditions.
What is tecarfarin?
Tecarfarin is an innovative oral and reversible anticoagulant designed to offer more stable anticoagulation than existing treatments like warfarin, particularly for patients with conditions such as ESKD and AFib.
What recent achievements has Cadrenal Therapeutics made?
Cadrenal Therapeutics has received orphan drug designation from the FDA for tecarfarin in preventing thromboembolism in patients with mechanical circulatory support devices. The company has also partnered with The Sage Group to explore strategic partnerships.
How has tecarfarin performed in clinical trials?
Tecarfarin has been evaluated in eleven human clinical trials involving over 1,000 individuals, showing good tolerance in both healthy adults and patients with chronic kidney disease.
What financial condition is Cadrenal Therapeutics in?
Cadrenal Therapeutics has maintained strong cash management, with significant cash reserves to support ongoing and future clinical trials.
Why is tecarfarin significant for patients with LVADs?
Tecarfarin offers a potentially more stable anticoagulation alternative for LVAD patients, a group for whom current anticoagulants like warfarin and DOACs are inadequate.
What regulatory benefits does tecarfarin have?
Tecarfarin has been granted orphan drug and fast-track designations by the FDA, offering regulatory incentives like clinical research tax credits and market exclusivity.
What partnerships has Cadrenal Therapeutics formed?
Cadrenal has engaged The Sage Group to explore strategic partnerships, co-development, and licensing agreements for tecarfarin.
What market need does tecarfarin address?
Tecarfarin addresses the unmet need for reliable anticoagulation in patients with rare cardiovascular conditions, such as those with LVADs, ESKD, AFib, and thrombotic APS.
Where can I find more information about Cadrenal Therapeutics?
For more information, please visit Cadrenal Therapeutics' official website at www.cadrenal.com.
Cadrenal Therapeutics, Inc.
Nasdaq:CVKD
CVKD Rankings
CVKD Stock Data
34.68M
1.22M
31.7%
4.42%
5.14%
Biotechnology
Pharmaceutical Preparations
United States of America
PONTE VEDRA