Cadrenal Therapeutics Highlights Additional Need For A New Vitamin K Antagonist Following Updates From The Recent European Society Of Cardiology Congress
Portfolio Pulse from Happy Mohamed
Cadrenal Therapeutics, Inc. (NASDAQ:CVKD) is developing tecarfarin, a novel Vitamin K Antagonist, to prevent heart attacks, strokes, and deaths due to blood clots in patients with certain rare medical conditions. The company believes tecarfarin is the solution for an unmet need, as recent data from the European Society of Cardiology Congress revealed more bleeding complications when switching from VKA treatment to direct oral anticoagulants in frail older patients. Cadrenal's tecarfarin has orphan drug and Fast Track designations for the prevention of systemic thromboembolism in patients with ESKD and AFib, presenting a U.S. market opportunity in excess of $2 billion per year.
September 05, 2023 | 12:12 pm
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Cadrenal Therapeutics is developing tecarfarin, a novel Vitamin K Antagonist, to address an unmet need in preventing heart attacks and strokes. The potential U.S. market opportunity is over $2 billion per year.
The development of tecarfarin by Cadrenal Therapeutics could potentially fill an unmet need in the market, as recent data suggests that current treatments may lead to more bleeding complications. This could lead to increased demand for tecarfarin, which in turn could positively impact Cadrenal's stock price. Furthermore, the potential U.S. market opportunity of over $2 billion per year could significantly boost the company's revenues and profitability, which would likely be viewed positively by investors.
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