Cidara Therapeutics' CD388 receives FDA Breakthrough Therapy designation for influenza prevention in high-risk adults and adolescents.
Quiver AI Summary
Cidara Therapeutics, Inc. announced that its drug CD388 has received Breakthrough Therapy designation from the FDA for the prevention of influenza A and B in high-risk adults and adolescents. This designation highlights CD388's potential as a non-vaccine prophylactic option for those inadequately protected by existing vaccines, such as immunocompromised individuals or those with underlying health conditions. The designation follows positive results from the Phase 2b NAVIGATE trial, which indicated significant prevention of seasonal influenza among healthy unvaccinated adults. Cidara has also initiated the Phase 3 ANCHOR trial to further evaluate CD388's safety and efficacy, expanding its study population to include generally healthy adults over 65. The Breakthrough Therapy designation facilitates expedited review and support from the FDA as Cidara moves forward with its clinical development.
Potential Positives
- The FDA granted Breakthrough Therapy designation for CD388, which accelerates the review process for this antiviral treatment, indicating its potential significance in preventing influenza.
- This designation highlights CD388's promise as a non-vaccine prophylactic option for high-risk individuals, addressing a critical healthcare need.
- The initiation of the Phase 3 ANCHOR trial six months ahead of schedule demonstrates strong company momentum and operational efficiency in clinical development.
- Positive results from the Phase 2b NAVIGATE trial reinforce the efficacy of CD388, enhancing its attractiveness to investors and stakeholders.
Potential Negatives
- The press release emphasizes the long-acting antiviral CD388 as a significant therapeutic option, yet it highlights the reliance on unproven clinical results from ongoing trials, which may lead to future setbacks if the data does not meet expectations.
- The need for Breakthrough Therapy designation suggests that existing treatment options are inadequate, potentially reflecting negatively on the company's ability to compete in the market.
- The mention of expanded study populations, including older adults without specific co-morbidities, implies that there may have been previous limitations in the trial design that could affect the generalizability of results.
FAQ
What is CD388 and its significance?
CD388 is a long-acting antiviral developed by Cidara Therapeutics aimed at preventing seasonal influenza in high-risk individuals.
What recent designation did the FDA grant to CD388?
The FDA has granted Breakthrough Therapy designation to CD388 for preventing influenza A and B in at-risk populations.
What trials have been conducted for CD388?
CD388 has undergone positive Phase 2b results in the NAVIGATE trial and is now progressing to the Phase 3 ANCHOR trial.
Who can benefit from CD388?
CD388 is targeted at adults and adolescents with immunodeficiency or those at high risk for severe influenza.
What are the advantages of Breakthrough Therapy designation?
This designation allows for expedited review, priority submission, and enhanced guidance from FDA officials during the approval process.
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 98 institutional investors add shares of $CDTX stock to their portfolio, and 15 decrease their positions in their most recent quarter.
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- 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 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 10/03/2025
- HC Wainwright & Co. issued a "Buy" rating on 09/26/2025
- Guggenheim issued a "Buy" rating on 09/25/2025
- WBB Securities issued a "Strong Buy" rating on 09/24/2025
- RBC Capital issued a "Outperform" rating on 06/24/2025
- Needham issued a "Buy" rating on 06/23/2025
- Cantor Fitzgerald issued a "Overweight" rating on 06/10/2025
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 8 analysts offer price targets for $CDTX in the last 6 months, with a median target of $105.0.
Here are some recent targets:
- Roy Buchanan from JMP Securities set a target price of $173.0 on 10/03/2025
- Sara Nik from HC Wainwright & Co. set a target price of $110.0 on 09/26/2025
- Seamus Fernandez from Guggenheim set a target price of $167.0 on 09/25/2025
- Steve Brozak from WBB Securities set a target price of $123.0 on 09/24/2025
- Joseph Stringer from Needham set a target price of $100.0 on 09/24/2025
- Brian Abrahams from RBC Capital set a target price of $75.0 on 06/24/2025
Full Release
SAN DIEGO, Oct. 09, 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 that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy designation for CD388 for prevention of influenza A and B in adults and adolescents who are at higher risk of influenza complications due to underlying immunodeficiency, are at higher risk of severe influenza despite influenza vaccination, or those for whom vaccines are contraindicated.
“This Breakthrough Therapy designation, in addition to the previously awarded Fast Track designation, underscores the importance of CD388 as a potential new non-vaccine prophylactic for seasonal influenza,” said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. “Individuals who have chronic medical conditions, advanced age, or are immune compromised may not be adequately protected by current vaccines, leaving them at higher risk for infection and complications from flu. As a long-acting prophylactic drug, CD388’s activity does not rely on an immune response, making it a potential prevention option for high-risk individuals as well as those for whom vaccines are contraindicated. We look forward to advancing CD388 through our ongoing Phase 3 ANCHOR trial and submission of a Biologic License Application.”
The Breakthrough Therapy designation is based on positive results from the Phase 2b NAVIGATE trial in which CD388 provided statistically significant prevention of seasonal influenza in healthy unvaccinated adults aged 18-64. Top line data from the NAVIGATE study was announced in June 2025 and additional data will be presented at upcoming scientific conferences later in October.
A Phase 3 trial to evaluate the safety and efficacy of CD388, the ANCHOR Trial, was initiated at the end of September, six months ahead of schedule, in populations at high-risk for complications of influenza. Based on feedback from the FDA, the study population has been expanded to include generally healthy adults over 65 years old with no specific co-morbidities in addition to other high-risk populations with certain comorbidities and immune compromised status.
Breakthrough Therapy designation is intended to expedite the review of medicines that treat a serious or life-threatening condition and have shown preliminary clinical evidence indicating the potential for substantial improvement over available therapies. The benefits of Breakthrough Therapy designation include the eligibility for priority review, rolling submission of portions of the application, and FDA’s organizational commitment to involving senior management to provide guidance to the company to help determine the most efficient route to approval.
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, the expected timing, study design and target enrollment for the Phase 3 registrational trial of CD388, and the expected benefits of receiving a Breakthrough Therapy designation. 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]
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LifeSci Communications
(628) 234-3889
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