Cadrenal Therapeutics Receives FDA Orphan Drug Designation For Tecarfarin For Prevention Of Thromboembolism And Thrombosis In Patients With LVADs, RVADs, Biventricular Assist Devices, And Total Artificial Hearts
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Cadrenal Therapeutics has been granted FDA Orphan Drug Designation for Tecarfarin, aimed at preventing thromboembolism and thrombosis in patients with various heart assist devices. This designation could lead to seven years of market exclusivity and more partnering opportunities post-approval.
April 09, 2024 | 1:05 pm
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Cadrenal Therapeutics receives FDA Orphan Drug Designation for Tecarfarin, potentially leading to seven years of market exclusivity and expanded partnering opportunities.
The FDA Orphan Drug Designation is a significant regulatory milestone that not only enhances the company's reputation but also provides a competitive edge in the market through potential exclusivity and increased partnership opportunities. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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