Candel Therapeutics stock up 172% after Phase III prostate cancer success [Yahoo! Finance]
Candel Therapeutics, Inc. (CADL)
Company Research
Source: Yahoo! Finance
Researchers from the Massachusetts-based clinical-stage biopharma have announced that CAN-2409, designed as a multimodal biological immunotherapy candidate aimed at prompting an immune response from a patient's prostate in tackling prostate tumours, demonstrated a statistically significant and clinically meaningful benefit when combined with radiation therapy alongside the antiviral drug valacyclovir. Patients saw an average 14.5% relative improvement in disease-free survival when compared with the placebo arm of the study after 54 months. At the same time, the study saw an increase in the proportion of patients achieving a prostate-specific antigen typically associated with prostate cancer. The company's stock jumped 172% at market opening today (11 December) from a close of $4.61 to an open of $12.65, with the stock price continuing to grow. The Phase III trial (NCT01436968), conducted under a Special Protocol Assessment (SPA) with the US Food and Drug Administration (FDA), s
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CADL
News
- Candel Therapeutics, Inc. (NASDAQ: CADL) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $19.00 price target on the stock, up previously from $11.00.MarketBeat
- Candel Therapeutics Announces Closing of Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional SharesGlobeNewswire
- Candel Therapeutics Announces Pricing of Public OfferingGlobeNewswire
- Candel Therapeutics Announces $80 Million Proposed Public OfferingGlobeNewswire
- Market movers: Stocks seeing action on Wednesday - and why [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CADL
Sec Filings
- 12/18/24 - Form 4
- 12/17/24 - Form SC
- 12/13/24 - Form 4
- CADL's page on the SEC website