Cadrenal Acquires VLX-1005, Strengthening Anticoagulation Pipeline
- Acquisition Strengthens Pipeline: Cadrenal Therapeutics' acquisition of VLX-1005 and related 12-LOX assets immediately enhances its pipeline, addressing an underserved therapeutic opportunity in the $40 billion anticoagulation market, showcasing the company's strategic positioning in high-risk patient treatment.
- Optimistic Clinical Outlook: As the first selective inhibitor targeting HIT, VLX-1005 has shown favorable safety and tolerability in two Phase 1 studies with healthy participants, with no serious adverse events reported, indicating its potential for clinical application.
- Significant Market Potential: With approximately 56,000 confirmed HIT diagnoses annually in the U.S. and a projected market size of $1 billion, the development of VLX-1005 is poised to significantly improve patient outcomes and meet unmet medical needs.
- Strategic Investment Returns: The acquisition agreement includes milestone payments contingent on future clinical and regulatory achievements, ensuring Cadrenal can effectively allocate capital to advance the clinical development of VLX-1005, enhancing its market competitiveness.
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- Phase 2 Trial Progress: Cadrenal's anticoagulant drug VLX-1005 has completed its Phase 2 clinical trial, with data currently under analysis and expected to be published soon, indicating the company's potential in the anticoagulation sector despite a 4% drop in stock price prior to this announcement.
- FDA Fast Track Designation: VLX-1005 has received both Orphan Drug and Fast Track designations from the FDA, highlighting its potential market value in treating heparin-induced thrombocytopenia (HIT) and likely expediting subsequent regulatory approval processes.
- Market Demand Insight: Approximately 50,000 new HIT cases occur annually in the U.S., underscoring the urgent need for new therapies, with Cadrenal's product poised to fill gaps left by existing anticoagulants, particularly in the context of heparin use during cardiovascular surgeries.
- Other Development Programs: In addition to VLX-1005, Cadrenal is advancing Tecarfarin and Fruinexian, with the former targeting patients with end-stage kidney disease and the latter being a short-acting Factor XI inhibitor for cardiovascular surgery, demonstrating the company's diversified strategic approach in the anticoagulation field.
- Acquisition Strengthens Pipeline: Cadrenal Therapeutics' acquisition of VLX-1005 and related 12-LOX assets immediately enhances its pipeline, addressing a $40 billion anticoagulation market and approximately 56,000 annual HIT diagnoses.
- Optimistic Clinical Outlook: VLX-1005 demonstrated good tolerability in two Phase 1 studies with healthy participants, showing no deaths or serious adverse events, indicating promising potential for application in HIT patients.
- Significant Market Potential: The HIT market is projected to reach $1 billion in the US and EU, and the development of VLX-1005 will help improve patient outcomes, addressing urgent needs in high-risk populations.
- Strategic Investment Returns: The acquisition agreement includes milestone payments and royalties on global sales, ensuring Cadrenal can allocate capital to advance VLX-1005's clinical development, driving long-term growth for the company.
- Acquisition Strengthens Pipeline: Cadrenal Therapeutics' acquisition of VLX-1005 and related 12-LOX assets immediately enhances its pipeline, addressing an underserved therapeutic opportunity in the $40 billion anticoagulation market, showcasing the company's strategic positioning in high-risk patient treatment.
- Optimistic Clinical Outlook: As the first selective inhibitor targeting HIT, VLX-1005 has shown favorable safety and tolerability in two Phase 1 studies with healthy participants, with no serious adverse events reported, indicating its potential for clinical application.
- Significant Market Potential: With approximately 56,000 confirmed HIT diagnoses annually in the U.S. and a projected market size of $1 billion, the development of VLX-1005 is poised to significantly improve patient outcomes and meet unmet medical needs.
- Strategic Investment Returns: The acquisition agreement includes milestone payments contingent on future clinical and regulatory achievements, ensuring Cadrenal can effectively allocate capital to advance the clinical development of VLX-1005, enhancing its market competitiveness.

- New Board Member: Cadrenal Therapeutics appoints Dr. Lee Scott Golden as an independent director effective immediately, aiming to leverage his extensive experience in cardiovascular medicine and anticoagulation to drive the company's strategy.
- Clinical Development Expertise: Dr. Golden, serving as Chief Medical Officer at PTC Therapeutics, oversees global clinical development, which is expected to provide crucial guidance for the advancement of Cadrenal's tecarfarin and broader pipeline.
- Industry Background: With over 25 years in the pharmaceutical industry, including senior roles at Pfizer, Dr. Golden brings valuable insights for managing strategic clinical development plans at Cadrenal.
- Market Potential: Cadrenal focuses on developing novel anticoagulants to bridge critical gaps in current therapies, which is anticipated to significantly improve treatment outcomes for patients with complex cardiovascular conditions.
Valuation of Cadrenal Therapeutics: Cadrenal Therapeutics, Inc. (CVKD) is valued at $30.00/share based on a probability-adjusted DCF model that considers future revenues from tecarfarin, contingent on its clinical success.
Acquisition of Factor XIa Inhibitors: On September 15, 2025, Cadrenal announced the acquisition of a portfolio of Factor XIa inhibitors from eXIthera Pharmaceuticals, including frunexian, which is being developed as an acute anticoagulant therapy.
Clinical Trial Plans for Tecarfarin: Cadrenal plans to initiate a Phase 2 clinical trial for tecarfarin in patients with End-Stage Kidney Disease (ESKD) transitioning to dialysis in the first quarter of 2026, addressing a significant unmet need for effective anticoagulant therapies.
Financial Overview: As of June 30, 2025, Cadrenal reported no revenues and had approximately $5.6 million in cash, indicating the need for additional capital to fund upcoming clinical trials for tecarfarin and frunexian.

Company Participation in Investor Conference: Cadrenal Therapeutics, Inc. will participate in the Lytham Partners Fall 2025 Investor Conference with a webcast presentation on September 30, 2025, at 3:30 p.m. ET, and will host one-on-one meetings with investors.
About Cadrenal Therapeutics: The company is focused on developing tecarfarin, a novel oral anticoagulant aimed at addressing the limitations of current anticoagulation therapies, particularly for patients with specific conditions like end-stage kidney disease and atrial fibrillation.







