Candel Therapeutics will present at three investor conferences September 3-5, 2025, discussing its cancer immunotherapy developments.
Quiver AI Summary
Candel Therapeutics, Inc., a clinical-stage biopharmaceutical company focused on developing multimodal biological immunotherapies for cancer, announced that CEO Paul Peter Tak will participate in various upcoming investor conferences, including the Citi Biopharma Conference and Cantor Global Healthcare Conference. Candel is advancing its product candidates, notably CAN-2409, which has shown positive results in phase 2a trials for non-small cell lung cancer and pancreatic cancer, and is undergoing pivotal phase 3 trials for localized prostate cancer. Additionally, CAN-3110, from their herpes simplex virus platform, is in a phase 1b trial for rHGG. Candel is committed to creating viral immunotherapies through its enLIGHTEN™ Discovery Platform. The company emphasizes that statements regarding its future plans and developments are forward-looking and involve uncertainties.
Potential Positives
- Candel Therapeutics announced participation in multiple investor conferences, enhancing visibility and engagement with potential investors.
- The company's lead product candidate, CAN-2409, has successfully completed phase 2a clinical trials for non-small cell lung cancer and pancreatic ductal adenocarcinoma, indicating progress in its therapeutic development.
- CAN-2409 received several FDA designations, including Regenerative Medicine Advanced Therapy Designation and Fast Track Designation, which may expedite the regulatory process and boost investor confidence.
- The company has an ongoing phase 1b trial for CAN-3110, which received both Fast Track and Orphan Drug Designation from the FDA, suggesting promising advancements in its pipeline.
Potential Negatives
- The reliance on forward-looking statements implies significant uncertainty regarding the future success of its clinical trials and product development, which may lead to investor skepticism.
- The press release highlights the company's clinical-stage status, indicating that their products are not yet commercially available, potentially raising concerns about revenue generation and market viability.
- The mention of risks and uncertainties surrounding regulatory approval and maintaining intellectual property may signal vulnerabilities in the company's operations and strategic plans.
FAQ
What are the upcoming investor conferences for Candel Therapeutics?
Candel Therapeutics will participate in the Citi Biopharma Conference, Cantor Global Healthcare Conference, and H.C. Wainwright Conference.
Who is the CEO of Candel Therapeutics?
Paul Peter Tak, M.D., Ph.D., FMedSci, is the President and Chief Executive Officer of Candel Therapeutics.
What is CAN-2409 used to treat?
CAN-2409 is being studied for the treatment of non-small cell lung cancer, pancreatic cancer, and localized prostate cancer.
How can I watch Candel's presentations?
Live webcasts of Candel's presentations can be accessed under the Events and Presentations tab on their website.
What are the designations granted to CAN-2409 by the FDA?
The FDA granted CAN-2409 Fast Track and Orphan Drug Designations, along with Regenerative Medicine Advanced Therapy Designation.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CADL Insider Trading Activity
$CADL insiders have traded $CADL stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $CADL stock by insiders over the last 6 months:
- WILLIAM GARRETT NICHOLS (Chief Medical Officer) has made 0 purchases and 2 sales selling 46,253 shares for an estimated $403,535.
- FRANCESCA BARONE (Chief Scientific Officer) sold 32,146 shares for an estimated $281,672
- SESHU TYAGARAJAN (Chief Technology Officer) sold 31,278 shares for an estimated $275,947
- PAUL PETER TAK (Chief Executive Officer) has made 0 purchases and 2 sales selling 26,172 shares for an estimated $229,624.
- CHARLES SCHOCH (See Remarks) sold 5,000 shares for an estimated $44,169
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CADL Hedge Fund Activity
We have seen 55 institutional investors add shares of $CADL stock to their portfolio, and 44 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BAKER BROS. ADVISORS LP removed 2,082,077 shares (-85.4%) from their portfolio in Q2 2025, for an estimated $10,535,309
- BRAIDWELL LP removed 1,600,000 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $9,040,000
- FMR LLC added 1,148,119 shares (+16.2%) to their portfolio in Q2 2025, for an estimated $5,809,482
- PORTOLAN CAPITAL MANAGEMENT, LLC added 740,544 shares (+84.0%) to their portfolio in Q2 2025, for an estimated $3,747,152
- BLACKROCK, INC. added 538,075 shares (+30.5%) to their portfolio in Q2 2025, for an estimated $2,722,659
- ACORN CAPITAL ADVISORS, LLC added 428,265 shares (+19.9%) to their portfolio in Q2 2025, for an estimated $2,167,020
- TWO SIGMA INVESTMENTS, LP added 369,195 shares (+inf%) to their portfolio in Q2 2025, for an estimated $1,868,126
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CADL Analyst Ratings
Wall Street analysts have issued reports on $CADL in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 06/30/2025
To track analyst ratings and price targets for $CADL, check out Quiver Quantitative's $CADL forecast page.
$CADL Price Targets
Multiple analysts have issued price targets for $CADL recently. We have seen 2 analysts offer price targets for $CADL in the last 6 months, with a median target of $21.0.
Here are some recent targets:
- Andrew Fein from HC Wainwright & Co. set a target price of $23.0 on 06/30/2025
Full Release
NEEDHAM, Mass., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a clinical-stage biopharmaceutical company focused on developing multimodal biological immunotherapies to help patients fight cancer, announced today that Paul Peter Tak, M.D., Ph.D., FMedSci, Candel’s President and Chief Executive Officer, will participate in upcoming investor conferences with associated one-on-one investor meetings.
Citi's 2025 Biopharma Back to School Conference (Boston, MA)
Date/Time: Wednesday, September 3, 2025, at 9:00 AM ET
Webcast Link:
Citi / Candel Fireside Chat
Cantor Global Healthcare Conference (New York, NY)
Date/Time: Thursday, September 4, 2025, at 8:00 AM ET
Webcast Link:
Cantor / Candel Fireside Chat
H.C. Wainwright 27th Annual Global Investment Conference (New York, NY)
Date/Time: Friday, September 5, 2025, at 7:00 AM ET
Webcast Link:
H.C. Wainwright / Candel Presentation
Live webcasts of the presentations will be available by selecting Events and Presentations under the News & Events tab in the Investors section on www.candeltx.com . A replay of the webcasts will be archived for up to 90 days following the session date.
About Candel Therapeutics
Candel is a clinical-stage biopharmaceutical company focused on developing off-the-shelf multimodal biological immunotherapies that elicit an individualized, systemic anti-tumor immune response to help patients fight cancer. Candel has established two clinical-stage multimodal biological immunotherapy platforms based on novel, genetically modified adenovirus and herpes simplex virus (HSV) gene constructs, respectively. CAN-2409 is the lead product candidate from the adenovirus platform.
The Company recently completed successful phase 2a clinical trials of CAN-2409 in non-small cell lung cancer (NSCLC) and pancreatic ductal adenocarcinoma (PDAC), and a pivotal, placebo-controlled, phase 3 clinical trial of CAN-2409 in localized prostate cancer, conducted under a Special Protocol Assessment agreed with the U.S. Food and Drug Administration (FDA). The FDA also granted Regenerative Medicine Advanced Therapy Designation to CAN-2409 for the treatment of newly diagnosed localized prostate cancer in patients with intermediate-to-high-risk disease, Fast Track Designation in NSCLC and prostate cancer, and both Fast Track and Orphan Drug Designation to CAN-2409 for the treatment of PDAC.
CAN-3110 is the lead product candidate from the HSV platform and is currently in an ongoing phase 1b clinical trial in rHGG. Initial results were published in Nature and CAN-3110 received Fast Track Designation and Orphan Drug Designation from the FDA. Finally, Candel’s enLIGHTEN™ Discovery Platform is a systematic, iterative HSV-based discovery platform leveraging human biology and advanced analytics to create new viral immunotherapies for solid tumors.
For more information about Candel, visit: www.candeltx.com .
Forward-Looking Statements
This press release includes certain disclosures that contain “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, express or implied statements regarding the timing and advancement of current and future development programs; and expectations regarding the therapeutic benefit of the Company’s platforms, including the ability of its platforms to improve overall survival and/or disease-free survival of patients living with difficult-to-treat solid tumors. The words “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “target” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, those risks and uncertainties related to the timing and advancement of development programs; expectations regarding the therapeutic benefit of the Company’s programs; that final data from the Company’s preclinical studies and completed clinical trials may differ materially from reported interim data from ongoing studies and trials; the Company’s ability to efficiently discover and develop product candidates; the Company’s ability to obtain and maintain regulatory approval of product candidates; the Company’s ability to maintain its intellectual property; the implementation of the Company’s business model, including strategic plans for the Company’s business and product candidates; and other risks identified in the Company’s filings with the U.S. Securities and Exchange Commission (SEC), including the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, each as filed with the SEC and any subsequent filings with the SEC. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Any forward-looking statements contained in this press release represent the Company’s views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date.
Investor Contact
Theodore Jenkins
Vice President, Investor Relations and Business Development
Candel Therapeutics, Inc.
[email protected]
Media Contact
Ben Shannon
Vice President
ICR Healthcare
[email protected]