Candel Therapeutics, Inc. - CADL STOCK NEWS

Candel Therapeutics (Nasdaq: CADL) reported its Q3 financial results, announcing a net loss of $16.2 million for the quarter, a substantial increase from $2.6 million in Q3 2020. Cash reserves as of September 30, 2021, stood at $88.4 million, bolstered by an IPO in August 2021. Research and development expenses surged to $5.3 million from $1.8 million year-over-year, attributed to increased clinical trial activities. The company remains on track to fund operations into Q2 2023, with several clinical presentations highlighting advancements in its oncolytic viral therapies, CAN-2409 and CAN-3110.

On November 2, 2021, Candel Therapeutics, Inc. (Nasdaq: CADL) announced that CEO Paul Peter Tak will speak at several investor conferences in November.

• Credit Suisse 30th Annual Healthcare Conference: Fireside Chat on November 8, 2021, at 11:20 am ET.
• BMO Biopharma Spotlight Series: Panel Discussion on November 8, 2021, at 12:45 pm ET.
• Jefferies London Healthcare Conference: Fireside Chat on November 17, 2021, at 1:00 pm GMT.

For more information and webcasts, visit Candel's website.

Candel Therapeutics (Nasdaq: CADL) announced its participation in key medical conferences, including the 13th International Oncolytic Virus Conference and the 26th Annual Meeting of the Society for Neuro-Oncology. Presentations will focus on their oncolytic viral immunotherapies, CAN-3110 and CAN-2409, with insights into their trial data. Notably, CAN-2409 targets high-grade gliomas and shows promise in combination therapies. The events are scheduled for November 5, 6, and 19, 2021, with additional details available on Candel's website.

Candel Therapeutics (Nasdaq: CADL) presented tolerability data from its phase 3 clinical trial of CAN-2409 for localized prostate cancer at the 28th Annual Prostate Cancer Foundation Scientific Retreat on October 28, 2021. The trial involved 745 patients, with over 2,000 injection procedures performed. Results showed 65% of patients found transperineal injections equally or better tolerated than biopsies, while 89% reported the same for transrectal injections. Overall, 100% felt positive about their participation. This supports the treatment's promise, potentially improving outcomes while reducing the need for long-term androgen deprivation therapy.

Candel Therapeutics (Nasdaq: CADL) appointed Dr. Mace L. Rothenberg as a senior advisor to CEO Paul Peter Tak. Dr. Rothenberg, a seasoned medical executive with over 30 years in government and industry, previously served as Chief Medical Officer at Pfizer, where he played a crucial role in the development of several cancer therapies and the COVID-19 vaccine. His expertise is expected to support Candel's growth and enhance its oncology drug pipeline, particularly in advancing their lead candidates, CAN-2409 and CAN-3110, through clinical trials.

Candel Therapeutics, Inc. (Nasdaq: CADL) announced its participation in the SITC 36th Annual Meeting, where it will present novel biomarker data from its phase 1 clinical trial of CAN-3110 for recurrent high-grade glioma. The presentation, titled 'Detection of viral antigen and immune activation after intra-tumor injection of CAN-3110', will take place on November 12, 2021. CAN-3110 is designed to selectively kill cancer cells while sparing healthy ones, with promising results recently shared at the ASCO Annual Meeting. More information is available on their website.

Candel Therapeutics, a late-stage biopharmaceutical firm, announced that its CEO Paul Peter Tak and investigator E. Antonio Chiocca will present data on oncolytic viral immunotherapies for glioblastoma at two conferences on Oct. 6 and 27, 2021. The presentations will cover novel therapies CAN-2409 and CAN-3110, focusing on their mechanisms and clinical trial results. CAN-2409 targets a wide range of solid tumors while CAN-3110 is under investigation for recurrent high-grade glioma. More details are available on Candel's website.

Candel Therapeutics, Inc. (Nasdaq: CADL) announces key clinical presentations at two upcoming medical conferences focusing on prostate and brain cancer. Dr. Scott E. Eggener will present safety data from the phase 2 trial of CAN-2409 for localized prostate cancer at the AdMeTech Foundation’s Global Summit on September 25, 2021. Concurrently, Dr. E. Antonio Chiocca will share clinical findings from the phase 1 trial of CAN-3110 targeting recurrent high-grade glioma at the European Association of Neuro-Oncology meeting on September 25-26, 2021. Both presentations will highlight advancements in their respective cancer programs.

Candel Therapeutics (Nasdaq: CADL) reported its Q2 2021 financial results, revealing a net loss of $17.1 million, up from $2.9 million in Q2 2020. The company's cash and equivalents decreased to $24.3 million, down from $35.1 million at the end of 2020. Candel recently completed its IPO, raising $71.5 million to fund its ongoing research, with plans to extend its cash runway to Q2 2023. Significant clinical advancements include the FDA's Fast Track designation for CAN-2409 and successful enrollment in multiple clinical trials.