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CADRENAL THERAPEUTICS JOINS CORPORATE COUNCIL OF ANTICOAGULATION FORUM

Key Takeaway: Cadrenal Therapeutics has announced its membership in the Corporate Council of the Anticoagulation Forum, reinforcing its commitment to improving anticoagulation therapy. The partnership will focus on addressing clinical needs, sharing research, and promoting educational initiatives for healthcare professionals. Tecarfarin, Cadrenal's new vitamin K antagonist, aims to enhance safety and efficacy in anticoagulation care.
Price reaction · baseline $14.43 (2024-10-22 close) · hit pre-market · 1 other CVKD headline(s) in the window, move may be shared
day 0 close · peak
-1.7%

Market Sentiment Analysis

POSITIVE FACTORS

  • Cadrenal Therapeutics joins a leading organization in anticoagulation care.
  • The partnership aims to improve patient outcomes and address unmet clinical needs.
  • Tecarfarin is designed to offer safer chronic anticoagulation for patients.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+1%
120-day peak, hindsight
Typical move
15.5%
average across 3 past catalysts
Cash runway
~3 mo
High dilution risk
Lead asset
EP=7041
Phase 1 · Arthroplasty, Replacement, Knee

Full Press Release Details

Participation Reinforces Cadrenal’s Commitment to Innovation, Education and Improved Patient Outcomes with Anticoagulation Therapy
PONTE VEDRA, Fla. , Oct. 23, 2024 — Cadrenal Therapeutics, Inc. (Nasdaq: CVKD), a late-stage biopharmaceutical company developing tecarfarin, a new vitamin K antagonist (VKA) designed to improve anticoagulation for patients with implanted cardiac devices or rare cardiovascular conditions, today announced its membership in the Corporate Council of the Anticoagulation Forum (AC Forum).
The AC Forum is the largest professional organization of anticoagulation specialists, committed to advancing the quality and safety of chronic anticoagulation care globally. Through participation in the Corporate Council, Cadrenal Therapeutics will collaborate with the AC Forum as it works to identify and address unmet clinical needs, share cutting-edge research, and promote advocacy and educational initiatives for the organization’s 15,000 healthcare professional members aimed at improving outcomes for patients on anticoagulants.
“Our membership in the AC Forum’s Corporate Council reflects our shared commitment to transforming anticoagulation care,” said Quang X. Pham , Chief Executive Officer of Cadrenal Therapeutics. “We look forward to partnering with the AC Forum and contributing to programs that advance safer, more effective care and inform about ongoing research and anticoagulation best practice guidelines.”
Darren Triller , PharmD, Director of Strategic Initiatives at the Anticoagulation Forum, welcomed Cadrenal Therapeutics to the Corporate Council, saying: “We are excited to have Cadrenal Therapeutics join us in our mission to improve the quality of care for patients receiving antithrombotic therapies. We look forward to a productive partnership that will help us address the challenges in the anticoagulation landscape together.”
About Cadrenal Therapeutics, Inc.
Cadrenal Therapeutics is a late-stage biopharmaceutical company developing tecarfarin, a new vitamin K antagonist (VKA) designed to offer safer, superior chronic anticoagulation for patients with implanted cardiac devices or rare cardiovascular conditions. Tecarfarin is anticipated to result in fewer adverse events such as strokes, heart attacks, bleeds and deaths than warfarin, the most commonly used anticoagulant for these patients despite its prevalent side effects, drug-to-drug interactions and frequent dosing changes. Tecarfarin received an orphan drug designation for advanced heart failure patients with implanted left ventricular assist devices (LVADs) as well as both orphan drug and fast-track status for end-stage kidney disease patients with atrial fibrillation. Cadrenal is planning pivotal clinical trials and pursuing clinical and commercial partnerships. The company’s plans also include studying tecarfarin in patients with mechanical heart valves experiencing anticoagulation difficulties. Visit www.cadrenal.com to learn more.
About the Anticoagulation Forum
The Anticoagulation Forum has led advancements in thrombosis-related care for over three decades. With more than 15,000 members across 3,000 healthcare institutions, the AC Forum is dedicated to enhancing the safety and quality of care for over 1 million patients annually. Through education, thought leadership, and partnerships with industry leaders, the AC Forum shapes the future of anticoagulation management to ensure the best outcomes for patients.

Frequently Asked Questions

What is Cadrenal Therapeutics known for?

Cadrenal Therapeutics is developing tecarfarin, a new vitamin K antagonist for anticoagulation.

What is the purpose of the Anticoagulation Forum?

The Anticoagulation Forum aims to enhance the quality and safety of chronic anticoagulation care.

What does Cadrenal's membership in the AC Forum signify?

It reflects Cadrenal's commitment to improving anticoagulation care and patient outcomes.

What is tecarfarin designed to do?

Tecarfarin is designed to provide safer chronic anticoagulation for patients with specific conditions.

Last updated: Oct 23, 2024