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Cadrenal Therapeutics (Nasdaq: CVKD) seeks partners for cardiac critical care assets

(Moderate)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Cadrenal Therapeutics, Inc. reoriented its pipeline by creating a unified Cardiac Acute Critical Care Franchise and starting a structured process to pursue strategic out-licensing, portfolio monetization, or commercial co-development partnerships for its late-stage assets.

The company highlighted late-breaking Phase 2 data for CAD-1005 presented at the ISTH 2026 Congress, showing a greater than 25% absolute reduction in thrombotic events with a favorable safety and renal-protective baseline. CAD-1005, a 12-LOX inhibitor for heparin-induced thrombocytopenia, has Orphan Drug and Fast Track designations from the FDA and orphan status from the EMA. The franchise also includes frunexian, an IV Factor XIa inhibitor, and tecarfarin, an oral vitamin K antagonist being advanced for chronic anticoagulation indications and rare pediatric disease protocols that the company states could potentially qualify for a Priority Review Voucher. Beyond the franchise, Cadrenal is progressing CAD-2000, an oral 12-LOX inhibitor for chronic cardiorenal inflammatory and thrombotic indications, as a companion to its IV acute care platform.

Positive

  • Phase 2 CAD-1005 data showed >25% absolute reduction in thrombotic events with a favorable safety and renal-protective baseline, supporting the medical profile of Cadrenal’s lead critical care asset.

Negative

  • None.

Filing Explained

The July 21 8-K confirms that Cadrenal Therapeutics has begun, rather than completed, a process to seek licensing, portfolio monetization, or co-development partners; no resulting agreement or associated holder-level change is disclosed.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
CAD-1005 thrombotic event reduction Greater than 25% absolute reduction Late-breaking Phase 2 data at ISTH 2026 for CAD-1005
FDA designations for CAD-1005 Orphan Drug and Fast Track Regulatory status of CAD-1005 for heparin-induced thrombocytopenia
FDA designations for tecarfarin Orphan Drug and Fast Track Regulatory status for tecarfarin in chronic anticoagulation indications
Pediatric age group for Kawasaki disease Primarily under 5 years old Age group described for Kawasaki disease patients
Cardiac Acute Critical Care Franchise medical
"alignment of its clinical portfolio into a Cardiac Acute Critical Care Franchise"
heparin-induced thrombocytopenia (HIT) medical
"CAD-1005 is a novel investigational therapeutic in development for the treatment of HIT"
Heparin-induced thrombocytopenia (HIT) is a serious immune reaction to the blood thinner heparin where the body mistakenly attacks platelets, causing their count to fall while paradoxically increasing the risk of dangerous clots; think of it as a friendly-fire response that both reduces clot-control cells and sparks unwanted clots. For investors, HIT matters because it can change demand for safer alternatives, trigger product warnings or sales restrictions, increase treatment costs, and raise regulatory and legal risks for drugmakers and hospitals.
12-lipoxygenase (12-LOX) inhibitor medical
"CAD-1005 is designed to selectively inhibit 12-lipoxygenase (12-LOX)"
A 12-lipoxygenase (12-LOX) inhibitor is a drug that blocks the action of the 12-LOX enzyme, which helps produce molecules that drive inflammation, blood‑clotting and certain disease processes. For investors, these inhibitors matter because they represent a targeted therapy approach—like stopping a single machine on a factory line to reduce harmful output—potentially treating conditions such as inflammatory diseases, clotting disorders or some cancers, and therefore carrying clinical, regulatory and commercial value if proven safe and effective.
Priority Review Voucher (PRV) regulatory
"potentially qualifying the asset for a high-value, open-market Priority Review Voucher (PRV)"
A priority review voucher (PRV) is a transferable regulatory 'fast pass' that speeds up a government agency’s review of a drug or medical product, shortening the time it takes to get approval. For investors, a PRV is a valuable asset because it can both accelerate a product’s path to market—potentially bringing revenue sooner—and be sold to other companies, creating a direct one-time or strategic financial benefit.
carboxylesterase-1 (CES-1)-mediated metabolism medical
"highlighting its distinct carboxylesterase-1 (CES-1)-mediated metabolism"
Left Ventricular Assist Devices (LVADs) medical
"including those with end-stage kidney disease and those with left ventricular assist devices"

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FAQ

What did Cadrenal Therapeutics (CVKD) announce on July 21, 2026?

Cadrenal announced a comprehensive alignment of its portfolio into a Cardiac Acute Critical Care Franchise and the launch of a structured process to pursue partnerships, out-licensing, or portfolio monetization for its late-stage cardiovascular assets.

What is Cadrenal Therapeutics’ Cardiac Acute Critical Care Franchise (CVKD)?

The Cardiac Acute Critical Care Franchise organizes Cadrenal’s portfolio into three commercial pillars focused on late-stage critical care cardiovascular assets designed for serious conditions where existing treatment options remain inadequate, spanning pre- and post-operative cardiac care and cardiac intensive care settings.

What Phase 2 results did Cadrenal Therapeutics (CVKD) report for CAD-1005?

Late-breaking Phase 2 data for CAD-1005 at ISTH 2026 showed a greater than 25% absolute reduction in thrombotic events and a favorable safety and renal-protective baseline, supporting its potential as a first-in-class 12-LOX inhibitor for heparin-induced thrombocytopenia.

Which key drug candidates are in Cadrenal Therapeutics’ (CVKD) pipeline?

Cadrenal’s pipeline includes CAD-1005 for heparin-induced thrombocytopenia, frunexian as an IV Factor XIa inhibitor for major cardiac surgery, tecarfarin for chronic anticoagulation indications including ESKD and LVADs, and CAD-2000, an oral 12-LOX inhibitor for chronic cardiorenal inflammatory and thrombotic conditions.

What regulatory designations have Cadrenal Therapeutics’ (CVKD) assets received?

CAD-1005 has Orphan Drug and Fast Track designations from the FDA and orphan status from the EMA. Tecarfarin has also received FDA Orphan Drug and Fast Track designations, supporting its development in chronic anticoagulation and potential rare pediatric disease settings.

What partnering strategy is Cadrenal Therapeutics (CVKD) pursuing for its assets?

Cadrenal has initiated a structured process to secure strategic out-licensing, portfolio monetization, or commercial co-development partnerships for its late-stage assets, intending to follow a partnership-driven business model alongside global companies in rare disease and critical care cardiology.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (date of earliest event reported): July 21, 2026

 

Cadrenal Therapeutics, Inc.

(Exact name of registrant as specified in charter)

 

Delaware   001-41596   88-0860746
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

822 A1A North, Suite 306

Ponte Vedra, Florida 32082

(Address of principal executive offices and zip code)

 

(904) 300-0701

(Registrant’s telephone number including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbols   Name of each exchange on which registered
Common Stock, par value $0.001 per share   CVKD   The Nasdaq Stock Market LLC
(Nasdaq Capital Market)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On July 21, 2026, Cadrenal Therapeutics, Inc. (the “Company”) issued a press release announcing a comprehensive alignment of its clinical portfolio into a Cardiac Acute Critical Care Franchise and the initiation of a structured process to secure strategic out-licensing, portfolio monetization, or commercial co-development partnerships for its late-stage assets.

  

A copy of the press release is furnished herewith as Exhibit 99.1. The information in this Item 7.01 and in the press release furnished as Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended, and shall not be incorporated by reference into any filing with the Securities and Exchange Commission (the “SEC”) made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

 

Item 8.01. Other Events.

 

On July 21, 2026, the Company issued a press release announcing a comprehensive alignment of its clinical portfolio into a Cardiac Acute Critical Care Franchise and the initiation of a structured process to secure strategic out-licensing, portfolio monetization, or commercial co-development partnerships for its late-stage assets.

  

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

The following exhibits are furnished with this Current Report on Form 8-K:

 

Exhibit
Number
  Exhibit Description
99.1   Press Release, issued by Cadrenal Therapeutics, Inc. on July 21, 2026
104   Cover Page Interactive Data File (the cover page XBRL tags are embedded within in the inline XBRL document)

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: July 21, 2026 CADRENAL THERAPEUTICS, INC.
   
  By: /s/ Quang X. Pham
  Name:  Quang X. Pham
  Title: Chairman and Chief Executive Officer

 

2

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

Cadrenal Therapeutics Launches Partnering Process as Its Cardiac Acute Critical Care Assets Advance to Transaction Readiness Following Landmark ISTH Data Presentation:

 

Capital-efficient strategy focuses on differentiated therapies for cardiac pre- and post-operative critical care and orphan cardiovascular conditions

 

Company is exploring development, licensing, and commercialization partnerships for CAD-1005, frunexian, and tecarfarin

 

Recently presented Phase 2 CAD-1005 data demonstrated a >25% absolute reduction in thrombotic events in patients with heparin-induced thrombocytopenia

 

PONTE VEDRA, FL — July 21, 2026 — Cadrenal Therapeutics, Inc. (Nasdaq: CVKD), a late-stage biopharmaceutical company advancing specialized therapies for critical care cardiology and orphan cardiovascular conditions, today announced a comprehensive alignment of its clinical portfolio into a Cardiac Acute Critical Care Franchise. Concurrently, the Company has initiated a structured process to secure strategic out-licensing, portfolio monetization, or commercial co-development partnerships for its late-stage assets.

 

Cadrenal has assembled multiple late-stage critical care cardiovascular assets designed to address serious conditions for which existing treatment options remain inadequate. This capital-efficient operational model addresses a large, unserved therapeutic whitespace, unlocking substantial cumulative platform potential. The strategy positions Cadrenal’s assets as high-value additions which may be capable of delivering immediate value to the pipelines of global companies across rare disease therapies, critical care cardiology, and cardiac intensive care unit (CICU) medical products.

 

The strategic alignment of the Cardiac Acute Critical Care Franchise organizes Cadrenal’s portfolio into three high-value commercial pillars:

 

Pillar 1: Pre-Operative Safety (Frunexian IV): An IV Factor XIa inhibitor for heparin-induced thrombocytopenia (HIT)-susceptible patients undergoing coronary artery bypass graft (CABG) surgery, designed to replace unpredictable alternative protocols. Phase 2-ready.

 

Pillar 2: Orphan Regulatory Acceleration (including Tecarfarin for Kawasaki Disease): Leveraging substantial commercial tailwinds, fee waivers, and potential seven-year market exclusivity associated with the potential Orphan Drug Designation (ODD) pathways for cardiac surgery patients. Phase 3-ready.

 

Pillar 3: Post-Operative Shield (CAD-1005): A Phase 3-ready IV 12-LOX inhibitor designed to target platelet hyperactivation and thrombotic risk in patients with post-operative Heparin-Induced Thrombocytopenia (HIT). Secondary benefits may include blocking the inflammatory 12-HETE cascade to reduce cardiac surgery-associated acute kidney injury (CSA-AKI).

 

This franchise framework is strongly supported by the impressive clinical data presented earlier this month at the International Society on Thrombosis and Haemostasis (ISTH) 2026 Congress in Paris. The late-breaking Phase 2 data for CAD-1005 demonstrated a compelling medical profile, with a greater than 25% absolute reduction in thrombotic events and a favorable safety and renal-protective baseline.

 

 

 

 

“Our landmark clinical data presentation at ISTH 2026 has validated the mechanisms and the immense medical value of our Cardiac Acute Critical Care Franchise,” said Quang X. Pham, Chief Executive Officer of Cadrenal Therapeutics. “By organizing our pipeline into three distinct commercial pillars, we are positioning Cadrenal to maximize asset value. Transitioning to a partnership-driven business model enables us to map a direct, efficient path to commercialization alongside global industry leaders.”

 

In tandem with this strategic focus, the Company is advancing updates to its clinical pipeline for tecarfarin, highlighting its distinct carboxylesterase-1 (CES-1)-mediated metabolism, which helps avoid dangerous drug-drug interactions. This includes expanding clinical protocols to rare pediatric disease indications, such as giant coronary artery aneurysms (CAAs) caused by Kawasaki Disease—potentially qualifying the asset for a high-value, open-market Priority Review Voucher (PRV)—while continuing to support established indications in End-Stage Kidney Disease (ESKD) and Left Ventricular Assist Devices (LVADs).

 

Standalone Platform Expansion: Oral 12-LOX (CAD-2000)

 

Beyond the Cardiac Acute Critical Care Franchise, Cadrenal is advancing its preclinical platform asset, CAD-2000, a highly selective, orally bioavailable 12-lipoxygenase (12-LOX) inhibitor designed to treat chronic cardiorenal inflammatory and thrombotic indications. CAD-2000 serves as a potent oral follow-on companion to the Company’s IV acute care platform, potentially enabling prospective partners to capture extended market share across both acute inpatient settings and chronic outpatient follow-up care.

 

About CAD-1005

 

CAD-1005 is a novel investigational therapeutic in development for the treatment of heparin-induced thrombocytopenia (HIT). CAD-1005 is designed to selectively inhibit 12-lipoxygenase (12-LOX), an enzyme central to platelet immune activation and thrombo-inflammatory signaling in HIT. CAD-1005 is intended to be used alongside existing standards of care and is being developed to address the underlying biological mechanisms that drive disease progression. CAD-1005 has received Orphan Drug and Fast Track designations from the U.S. Food and Drug Administration and orphan drug status from the European Medicines Agency. Second-generation 12-LOX oral therapeutics are also in development for chronic indications. To view how CAD-1005 is intended to work in patients with HIT, click https://vimeo.com/1209382706/7dde06dc08?share=copy&fl=sv&fe=ci

 

About Cadrenal Therapeutics, Inc.

 

Cadrenal Therapeutics, Inc. is a late-stage biopharmaceutical company advancing specialized therapies for critical care cardiology and orphan cardiovascular conditions. Its lead program, CAD-1005, is being investigated as a first-in-class 12-LOX inhibitor for heparin-induced thrombocytopenia (HIT), a deadly immune-mediated thrombotic disorder. The Company’s Cardiac Acute Critical Care Franchise also includes frunexian, an investigational intravenous Factor XIa inhibitor designed to provide anticoagulation for patients undergoing major cardiac surgery. 

 

The Company’s broader pipeline includes tecarfarin, a late-stage oral vitamin K antagonist designed to prevent heart attacks, strokes, and deaths from blood clots in patients requiring chronic anticoagulation, including those with end-stage kidney disease, those with left ventricular assist devices, and potentially those with Kawasaki disease (KD), an acute, self-limited, febrile illness that primarily affects children under 5 years old and is the leading cause of acquired heart disease in developed countries. Tecarfarin has also received Orphan Drug and Fast Track designations from the U.S. Food and Drug Administration (FDA).

 

2

 

 

Safe Harbor

 

Any statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potentially,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include, without limitation, statements such as Cadrenal launching a partnering process; advancing its Cardiac Acute Critical Care Assets to transaction readiness following landmark ISTH data presentation; the Company’s capital-efficient strategy focusing on differentiated therapies for cardiac pre- and post-operative critical care and orphan cardiovascular conditions; the Company exploring development, licensing, and commercialization partnerships for CAD-1005, frunexian, and tecarfarin; the Company advancing specialized therapies for critical care cardiology and orphan cardiovascular conditions; the Company securing strategic out-licensing, portfolio monetization, or commercial co-development partnerships for its late-stage assets; Cadrenal’s multiple late-stage critical care cardiovascular assets addressing serious conditions for which existing treatment options remain inadequate; the capital-efficient operational model addressing a large, unserved therapeutic whitespace, unlocking substantial cumulative platform potential; Cadrenal’s assets delivering immediate value to the pipelines of global companies across rare disease therapies, critical care cardiology, and cardiac intensive care unit (CICU) medical products; frunexian IV successfully replacing unpredictable alternative protocols; the potential of CAD-1005 to block the inflammatory 12-HETE cascade to reduce cardiac surgery-associated acute kidney injury; positioning Cadrenal to maximize asset value; transitioning to a partnership-driven business model enabling the Company to map a direct, efficient path to commercialization alongside global industry leaders; the Company advancing updates to its clinical pipeline for tecarfarin, highlighting its distinct carboxylesterase-1 (CES-1)-mediated metabolism, which helps avoid dangerous drug-drug interactions; expanding clinical protocols to rare pediatric disease indications, such as giant coronary artery aneurysms (CAAs) caused by Kawasaki Disease—potentially qualifying the asset for a high-value, open-market Priority Review Voucher (PRV)—while continuing to support established indications in End-Stage Kidney Disease (ESKD) and Left Ventricular Assist Devices (LVADs); Cadrenal advancing its preclinical platform asset, CAD-2000, a highly selective, orally bioavailable 12-lipoxygenase (12-LOX) inhibitor designed to treat chronic cardiorenal inflammatory and thrombotic indications. CAD-2000 serves as a potent oral follow-on companion to the Company’s IV acute care platform, potentially enabling prospective partners to capture extended market share across both acute inpatient settings and chronic outpatient follow-up care; tecarfarin potentially treating patients with Kawasaki disease (KD). Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the ability to enter into a partnership opportunity, development, licensing and commercialization for CAD-1005 frunexian, and tecarfarin; the ability of Cadrenal’s assets to be additions to the pipelines of global companies across rare disease therapies, critical care cardiology, and cardiac intensive care unit medical products; the ability to benefit from the commercial potential of the Cadrenal’s product candidates; the ability to raise sufficient capital to continue the clinical development of its product candidates; and the other risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and the Company’s subsequent filings with the Securities and Exchange Commission, including subsequent periodic reports on Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statements contained in this press release speak only as of the date hereof and, except as required by federal securities laws, the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

 

For more information, visit https://www.cadrenal.com/ and connect with the Company on LinkedIn.

 

For more information, please contact:

 

Lytham Partners, LLC, Robert Blum, Managing Partner, 602-889-9700, CVKD@lythampartners.com

 

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Filing Exhibits & Attachments

4 documents