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flag Cadrenal Therapeutics reports a larger-than-expected quarterly loss, impacting stock performance.

flag Cadrenal Therapeutics (NASDAQ: CVKD), a biopharmaceutical company, reported a quarterly loss of $2.74 per share, missing analyst expectations by $1.03. flag The stock opened at $19.09, with a market cap of $34.04 million, a P/E ratio of -2.86, and a beta of 1.40. flag The company focuses on developing Tecarfarin, an anticoagulant to prevent heart attacks and strokes in patients with rare cardiovascular conditions.

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