Cardiff Oncology to present updated CRDF-004 Phase 2 trial data for onvansertib at ASCO and host investor webcast.
Quiver AI Summary
Cardiff Oncology, Inc., a clinical-stage biotechnology firm focused on developing cancer therapies through PLK1 inhibition, announced an investor webcast scheduled for June 3, 2026, to discuss updated data from its CRDF-004 clinical trial involving onvansertib for RAS-mutated metastatic colorectal cancer (mCRC). The updated trial data will be presented at the American Society of Clinical Oncology (ASCO) Annual Meeting on June 2, 2026. Onvansertib, an oral PLK1 inhibitor, has shown promising results in improving response rates and progression-free survival among mCRC patients when combined with standard treatments. Following these encouraging findings, Cardiff plans to advance onvansertib into a registrational trial for first-line mCRC. The company is also exploring onvansertib's efficacy in other cancer types through ongoing studies.
Potential Positives
- Cardiff Oncology announced an upcoming investor webcast to discuss updated data from a key clinical trial (CRDF-004) focused on onvansertib for treating RAS-mutated metastatic colorectal cancer, signaling ongoing engagement with investors.
- The presentation of updated clinical trial data at the prestigious 2026 ASCO Annual Meeting highlights the company's commitment to advancing cancer therapies and increasing its visibility within the medical community.
- The decision to advance the 30 mg dose of onvansertib into a registrational trial reflects positive dose-dependent improvements in patient outcomes compared to standard treatments, which could enhance the drug's market potential.
- Onvansertib's evaluation in multiple cancers through ongoing studies supports the company’s strategy of targeting various challenging malignancies, showcasing the versatility and potential broad application of its drug development portfolio.
Potential Negatives
- The press release underscores the significant uncertainty surrounding the outcome of ongoing clinical trials, emphasizing that earlier research results may not predict future success.
- It highlights risks related to potential delays or unfavorable results in clinical trials, which could adversely impact product development timelines and commercialization prospects.
- There is an acknowledgment of the high financial burden and potential need for additional financing, indicating cash flow concerns that could hinder operational capacity and growth.
FAQ
What is the date and time of Cardiff Oncology's investor webcast?
The investor webcast will take place on June 3, 2026, at 8:30 am ET.
Where can I access the live investor webcast?
You can access the live webcast by visiting the “Events” page on the Cardiff Oncology website.
What is the focus of the CRDF-004 clinical trial?
The CRDF-004 trial evaluates onvansertib in combination with standard treatments for first-line RAS-mutated metastatic colorectal cancer.
When will the updated CRDF-004 data be presented?
The updated data will be presented on June 2, 2026, during the ASCO Annual Meeting.
What is onvansertib and its purpose?
Onvansertib is an oral PLK1 inhibitor aimed at treating RAS-mutated metastatic colorectal cancer and other cancers.
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.
$CRDF Hedge Fund Activity
We have seen 53 institutional investors add shares of $CRDF stock to their portfolio, and 61 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TWO SIGMA INVESTMENTS, LP removed 517,967 shares (-71.4%) from their portfolio in Q1 2026, for an estimated $839,106
- CANDRIAM S.C.A. removed 344,437 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $557,987
- TWO SIGMA ADVISERS, LP added 334,700 shares (+1297.3%) to their portfolio in Q4 2025, for an estimated $940,507
- UBS GROUP AG added 313,147 shares (+358.2%) to their portfolio in Q1 2026, for an estimated $507,298
- BLAIR WILLIAM & CO/IL removed 264,759 shares (-12.0%) from their portfolio in Q4 2025, for an estimated $743,972
- GOLDMAN SACHS GROUP INC removed 249,488 shares (-64.8%) from their portfolio in Q1 2026, for an estimated $404,170
- GSA CAPITAL PARTNERS LLP added 210,880 shares (+inf%) to their portfolio in Q4 2025, for an estimated $592,572
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CRDF Price Targets
Multiple analysts have issued price targets for $CRDF recently. We have seen 2 analysts offer price targets for $CRDF in the last 6 months, with a median target of $8.0.
Here are some recent targets:
- Edward Tenthoff from Piper Sandler set a target price of $6.0 on 02/25/2026
- Robert Burns from HC Wainwright & Co. set a target price of $10.0 on 01/28/2026
Full Release
SAN DIEGO, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- Cardiff Oncology, Inc. (Nasdaq: CRDF), a clinical-stage biotechnology company leveraging PLK1 inhibition to develop novel cancer therapies, today announced that it will host an investor webcast featuring members of management on June 3, 2026 at 8:30 am ET to review updated data from CRDF-004, a randomized dose-finding Phase 2 clinical trial evaluating onvansertib in combination with standard-of-care regimens (FOLFIRI/bevacizumab or FOLFOX/bevacizumab) in patients with first-line RAS-mutated metastatic colorectal cancer (mCRC).
The updated CRDF-004 data will first be presented during a rapid oral session at the 2026 American Society of Clinical Oncology (ASCO) Annual Meeting on June 2, 2026 at 8:00 am CT/9:00 am ET and will build on the CRDF-004 data previously presented in January 2026. More details about the oral presentation are available on the Company’s website here and the full abstract is now available on the ASCO website.
Investor Webcast Details
The investor webcast will take place on June 3 at 8:30 am ET. To register for and access the live webcast, please visit the “Events” page of the Cardiff Oncology website.
About Onvansertib
Onvansertib is a highly specific, oral PLK1 inhibitor advancing toward a registrational trial in first-line RAS-mutated metastatic colorectal cancer (mCRC). In a randomized Phase 2 trial, onvansertib in combination with FOLFIRI/bevacizumab (first-line standard-of-care) demonstrated dose-dependent improvements in overall response rate and progression-free survival compared to standard-of-care alone, building on findings from a prior Phase 2 trial in second-line RAS-mutated mCRC. Based on these results, the Company has selected the 30 mg dose of onvansertib in combination with FOLFIRI/bevacizumab for advancement into a registrational trial in first-line patients with RAS-mutated mCRC.
Onvansertib is also being evaluated in multiple other cancers through investigator-initiated studies, including metastatic pancreatic ductal adenocarcinoma (mPDAC), small cell lung cancer (SCLC), triple-negative breast cancer (TNBC), and chronic myelomonocytic leukemia (CMML).
About Cardiff Oncology, Inc.
Cardiff Oncology is a clinical-stage biotechnology company advancing innovative cancer treatments focused on PLK1 inhibition, a validated oncology target with practice-changing potential. Our lead asset, onvansertib, is a highly specific, oral PLK1 inhibitor currently being evaluated in a Phase 2 trial for first-line treatment of RAS-mutated metastatic colorectal cancer (mCRC), addressing a large, underserved patient population with high unmet need. Onvansertib is also under investigation in other PLK1-driven cancers through ongoing investigator-initiated trials and has shown robust single agent clinical activity in hard-to-treat tumors. By targeting tumor vulnerabilities, we aim to overcome treatment resistance and deliver improved clinical outcomes for patients.
For more information, please visit https://www.cardiffoncology.com .
Forward-Looking Statements
Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified using words such as "anticipate," "believe," "forecast," "estimated" and "intend" or other similar terms or expressions that concern Cardiff Oncology's expectations, strategy, plans or intentions. These forward-looking statements are based on Cardiff Oncology's current expectations and actual results could differ materially. There are several factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, clinical trials involve a lengthy and expensive process with an uncertain outcome, and results of earlier studies and trials may not be predictive of future trial results; our clinical trials may be suspended or discontinued due to unexpected side effects or other safety risks that could preclude approval of our product candidate; results of preclinical studies or clinical trials for our product candidate could be unfavorable or delayed; our need for additional financing; risks related to business interruptions, including cyber-attacks on our information technology infrastructure, which could seriously harm our financial condition and increase our costs and expenses; uncertainties of government or third party payer reimbursement; dependence on key personnel; limited experience in marketing and sales; substantial competition; uncertainties of patent protection and litigation; dependence upon third parties; and risks related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. There are no guarantees that our product candidate will be utilized or prove to be commercially successful. Additionally, there are no guarantees that future clinical trials will be completed or successful or that our product candidate will receive regulatory approval for any indication or prove to be commercially successful. Investors should read the risk factors set forth in Cardiff Oncology's Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and Cardiff Oncology does not undertake any obligation to update publicly such statements to reflect subsequent events or circumstances.
Investor Contact:
Candice Masse
astr partners
[email protected]
Media Contact:
Amy Bonanno
Lyra Strategic Advisory
[email protected]