Cadrenal Therapeutics

Cadrenal Therapeutics

CVKD
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CVKD · Stock Price

USD 6.02-8.43 (-58.34%)
Market Cap: $18.8M

Historical price data

Overview

Cadrenal Therapeutics is a clinical-stage biotech focused on addressing critical gaps in anticoagulation therapy across acute and chronic settings. Its strategy leverages a differentiated pipeline of three assets targeting high-unmet-need, often orphan, cardiovascular and thrombotic disorders. Key achievements include advancing its lead asset, CAD-1005 for HIT, to Phase 3 readiness with Orphan Drug and Fast Track designations, and positioning tecarfarin for Phase 3 trials in end-stage kidney disease and LVAD patients. The company aims to deliver targeted therapies where current standards are inadequate or carry significant risk.

CardiovascularHematologyThrombosis

Technology Platform

Focus on novel anticoagulant mechanisms, including a proprietary 12-lipoxygenase (12-LOX) inhibition platform for immune-mediated thrombosis and differentiated pharmacology within Vitamin K antagonism and Factor XIa inhibition.

Funding History

2
Total raised:$7.5M
IPO$6M
Seed$1.5M

Opportunities

Cadrenal's pipeline targets high-unmet-need, orphan-designated indications with potential for premium pricing and market exclusivity.
Success in Phase 3 trials for CAD-1005 or tecarfarin could lead to significant value inflection.
The acute-care focus for frunexian offers a differentiated path in the competitive Factor XIa inhibitor landscape.

Risk Factors

The company faces extreme financial risk as a pre-revenue micro-cap requiring substantial capital to fund Phase 3 trials.
Clinical development risk is high across all programs.
There is significant competition in anticoagulation, and market adoption of novel mechanisms is not guaranteed.

Competitive Landscape

Cadrenal competes in anticoagulation but uses niche strategy. In HIT, CAD-1005's novel mechanism faces existing supportive-care drugs. Tecarfarin targets warfarin in specific populations where DOACs fail. Frunexian, as an IV Factor XIa inhibitor, is differentiated from major pharma's oral chronic-use candidates in the same class.