Cidara Therapeutics presented promising data on CD388, a novel influenza prevention candidate, at the ESWI conference in Spain.
Quiver AI Summary
Cidara Therapeutics, Inc., a biotechnology company known for its Cloudbreak® platform, announced a late-breaking presentation regarding its influenza preventative candidate CD388 at the European Scientific Working Group on Influenza conference in Valencia, Spain. CEO Jeffrey Stein expressed optimism about the translational efficacy data presented, linking preclinical results to outcomes from their Phase 2b NAVIGATE study. CD388, a drug-Fc conjugate, showed significant protective effects in mouse models against various influenza subtypes and demonstrated positive dose-response relationships in clinical trials. The company is currently advancing CD388 through a Phase 3 trial, underscoring its potential as a single-dose preventative treatment for vulnerable populations.
Potential Positives
- Cidara Therapeutics presented late-breaking data on its influenza preventative candidate CD388 at a prominent international conference, enhancing visibility in the scientific community.
- The results from the Phase 2b NAVIGATE study showed statistically significant prevention efficacy for CD388 across all dose groups, supporting confidence in the candidate's potential impact on public health.
- CD388 demonstrated potent activity in preclinical models against multiple influenza subtypes, indicating broad efficacy that could be crucial for seasonal and pandemic preparedness.
- The candidate received Fast Track Designation from the FDA, which may expedite its development and regulatory review process, positioning Cidara favorably within the pharmaceutical landscape.
Potential Negatives
- The press release highlights the potential for delays or negative results in clinical trials, indicating a risk of setbacks in the development of CD388.
- Forward-looking statements suggest uncertainties that could materially affect the company's future performance and success of CD388.
- Reference to "risks and uncertainties" may raise concerns among investors regarding the overall viability of Cidara's drug development pipeline.
FAQ
What is CD388?
CD388 is a non-vaccine influenza preventative candidate developed by Cidara Therapeutics as a potential single-dose treatment.
What were the results of the Phase 2b NAVIGATE trial?
The trial showed statistically significant prevention efficacy for all dose groups, supporting CD388's potential effectiveness against influenza.
Where was the CD388 presentation held?
The presentation took place at the European Scientific Working Group on Influenza (ESWI) 10th Influenza Conference in Valencia, Spain.
What is the significance of the Fast Track Designation for CD388?
The Fast Track Designation by the FDA allows for accelerated development and review of CD388 as a promising influenza treatment.
What platform does Cidara use for drug development?
Cidara uses its proprietary Cloudbreak® platform to develop drug-Fc conjugate (DFC) therapeutics like CD388.
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.
$CDTX Insider Trading Activity
$CDTX insiders have traded $CDTX stock on the open market 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CDTX stock by insiders over the last 6 months:
- CAPITAL MANAGEMENT, L.P. RA purchased 2,272,727 shares for an estimated $99,999,988
- CHRYSA MINEO has made 2 purchases buying 3,320 shares for an estimated $73,895 and 0 sales.
- NICOLE NEGAR DAVARPANAH (Chief Medical Officer) sold 474 shares for an estimated $29,796
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$CDTX Hedge Fund Activity
We have seen 101 institutional investors add shares of $CDTX stock to their portfolio, and 16 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RA CAPITAL MANAGEMENT, L.P. added 2,272,727 shares (+208.0%) to their portfolio in Q2 2025, for an estimated $110,704,532
- BAIN CAPITAL LIFE SCIENCES INVESTORS, LLC added 1,797,600 shares (+255.7%) to their portfolio in Q2 2025, for an estimated $87,561,096
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$CDTX Analyst Ratings
Wall Street analysts have issued reports on $CDTX in the last several months. We have seen 9 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 10/21/2025
- Morgan Stanley issued a "Overweight" rating on 10/16/2025
- JP Morgan issued a "Overweight" rating on 10/10/2025
- WBB Securities issued a "Strong Buy" rating on 10/09/2025
- JMP Securities issued a "Market Outperform" rating on 10/03/2025
- Guggenheim issued a "Buy" rating on 09/25/2025
- RBC Capital issued a "Outperform" rating on 06/24/2025
To track analyst ratings and price targets for $CDTX, check out Quiver Quantitative's $CDTX forecast page.
$CDTX Price Targets
Multiple analysts have issued price targets for $CDTX recently. We have seen 10 analysts offer price targets for $CDTX in the last 6 months, with a median target of $158.5.
Here are some recent targets:
- Sara Nik from HC Wainwright & Co. set a target price of $150.0 on 10/21/2025
- Maxwell Skor from Morgan Stanley set a target price of $190.0 on 10/16/2025
- Anupam Rama from JP Morgan set a target price of $200.0 on 10/10/2025
- Steve Brozak from WBB Securities set a target price of $199.0 on 10/09/2025
- Roy Buchanan from JMP Securities set a target price of $173.0 on 10/03/2025
- Seamus Fernandez from Guggenheim set a target price of $167.0 on 09/25/2025
- Joseph Stringer from Needham set a target price of $100.0 on 09/24/2025
Full Release
SAN DIEGO, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Cidara Therapeutics, Inc. (Nasdaq: CDTX), a biotechnology company using its proprietary Cloudbreak ® platform to develop drug-Fc conjugate (DFC) therapeutics, today announced it gave a late-breaking presentation on its non-vaccine influenza preventative candidate, CD388, at the European Scientific Working Group on Influenza (ESWI)’s 10th Influenza Conference taking place October 20-23, 2025 in Valencia, Spain.
“We are encouraged by the translational efficacy data on CD388 we are presenting at ESWI, which demonstrate a clear link between our preclinical findings and recent clinical outcomes from our Phase 2b NAVIGATE study,” said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. “These results reinforce our confidence in CD388 as a potential single-dose influenza preventative for strains tested in preclinical studies and ultimately support our ongoing Phase 3 ANCHOR trial to protect the most vulnerable populations.”
Late-Breaking Abstract Title:
Translational efficacy of CD388, a novel Drug Fc-Conjugate (DFC), in mouse influenza infection models: application to prevention efficacy in the recently completed Ph2b NAVIGATE clinical study
Presenter:
Voon Ong, Ph.D.
Session:
Late Breakers: Novel and Outstanding Discoveries
Session Date and Time:
Thursday, October 23, 2025, 2:00-3:30 pm CET
Summary:
Following lethal dosing of influenza, mice that received a single dose of CD388 demonstrated potent activity against 12 seasonal and multiple pandemic influenza subtypes, and plasma concentrations at the time of infection conferred complete protection. In Cidara’s Phase 2b study, CD388 demonstrated statistically significant prevention efficacy for all dose groups, and plasma concentration analysis at onset of infection showed that lower drug concentrations correlated with higher infection rates. Exposure response modeling revealed a clear concentration-response relationship, indicating a strong alignment between efficacious exposures in preclinical mouse influenza models and prevention efficacy observed in Cidara’s recent Phase 2b NAVIGATE trial.
About Cidara Therapeutics
Cidara Therapeutics is using its proprietary Cloudbreak
®
platform to develop novel DFCs comprising targeted small molecules or peptides coupled to a proprietary human antibody fragment. Cidara’s lead DFC candidate, CD388, is a long-acting antiviral designed to achieve universal prevention of seasonal and pandemic influenza with a single dose by directly inhibiting viral proliferation. In June 2023, CD388 was granted Fast Track Designation by the FDA. Cidara
announced
positive top-line results from its Phase 2b NAVIGATE trial in June 2025 and
initiated
its Phase 3 ANCHOR trial in September 2025. Cidara is headquartered in San Diego, California. For more information, please visit
www.cidara.com
.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “anticipates,” “expect,” “intends,” “believes,” “may,” “plan” or “will”. Forward-looking statements in this release include, but are not limited to, statements related to the potential benefits of and future plans for CD388, and whether the nonclinical data will be predictive of response in humans against specific seasonal and pandemic influenza strains. Such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, such as unanticipated delays in or negative results from Cidara’s clinical trials and other risks related to clinical development, delays in action by regulatory authorities, other obstacles associated with the enrollment of participants or other aspects of CD388 or other DFC development, having to use cash in ways other than as expected and other risks and uncertainties associated with Cidara’s business in general. These and other risks are identified under the caption “Risk Factors” in Cidara’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 and other filings subsequently made with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. Cidara does not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.
INVESTOR CONTACT:
Brian Ritchie
LifeSci Advisors
(212) 915-2578
[email protected]
MEDIA CONTACT:
Michael Fitzhugh
LifeSci Communications
(628) 234-3889
[email protected]