CADL Candel Therapeutics

BULLISH Impact: 8/10 PRESS-RELEASE
Horizon months Filed Mar 17, 2026 Processed 2mo ago Wire GlobeNewswire
Press release: fda
Latest settled — T+20d
CADL ▼ -0.39% at T+20d
LONG call ✗ call lost -0.39% · α vs SPY -4.69% · entry $5.17 → $5.15
Next anchor: T+60d tomorrow
Last close $8.50 (close Jun 8) · +64.41% from $5.17 entry
Entry anchored
Mar 16, 03:59 PM ET
via Databento tick
T+1d
-2.51%
call -2.51% · α -1.12%
$5.04
settled 3mo ago
T+5d
-6.96%
call -6.96% · α -4.31%
$4.81
settled 3mo ago
T+20d
-0.39%
call -0.39% · α -4.69%
$5.15
settled 8w ago
T+60d
call — · α —
tomorrow

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Executive Summary

Candel Therapeutics released updated Phase 2a data for its immunotherapy aglatimagene (CAN-2409) in advanced non-small cell lung cancer (NSCLC), showing 50% of patients survived beyond 24 months despite prior inadequate response to immune checkpoint inhibitors. Median overall survival was 25.4 months in the per-protocol population, approximately double historical benchmarks, with strong biomarker evidence of immune activation. The company plans to initiate a pivotal Phase 3 trial in Q2 2026.

Actionable Insight

The durability of response and survival doubling vs. standard of care significantly de-risks the Phase 3 pathway. With Fast Track status and strong mechanistic validation, CADL is positioned for potential partnership or acquisition interest ahead of Phase 3 initiation. Monitor for upcoming trial design details and potential interim readouts.

Key Facts

  • 50% of 46 evaluable NSCLC patients survived beyond 24 months after treatment with aglatimagene plus ICI, up from 39% in prior data cut.
  • Median overall survival (mOS) was 25.4 months in per-protocol population, and 21.5 months in patients with progressive disease at baseline — ~2x historical control (9.8–11.8 months).
  • 85% of long-term survivors (17/20) had baseline PD-L1 TPS <50%, suggesting ability to convert ICI-resistant tumors.
  • Post-treatment biopsies showed increased pro-inflammatory gene expression and TCR repertoire diversity, supporting systemic immune activation.
  • FDA has granted Fast Track designation; pivotal Phase 3 trial in non-squamous NSCLC planned for Q2 2026.

Financial Impact

Potential blockbuster-level commercial upside if Phase 3 confirms results, given unmet need in ICI-resistant NSCLC and strong survival tail. No direct financial figures disclosed.

revenuevaluationdilution

Risk Factors

  • Phase 2a data are from a small, non-randomized cohort; results may not replicate in larger, controlled Phase 3 setting.
  • Aglatimagene requires intratumoral injection, which may limit scalability and adoption compared to systemic therapies.

Market Snapshot

Exchange
Nasdaq

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

DocumentAccession Number
PRESS-RELEASE Data (Synthetic)press-3257128
9 reports for CADL
Performance horizon

Track record builds as more directional reports settle.

Filters
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Reports for CADL — sortable, filterable
Type Now
Jun 2, 2026
7d ago
Press Release
BULLISH ★ 8/10
$8.42 $8.80▲ +4.51%▲ +5.21%$8.50 (+0.95%)
May 15, 2026
25d ago
Press Release
BULLISH ★ 8/10
$7.90 $7.66▼ −3.04%▼ −2.39%$8.50 (+7.59%)
May 14, 2026
26d ago
8-K
NEUTRAL ★ 4/10
$8.91 $8.77▼ −1.57%▼ −0.34%$8.50 (−4.60%)
May 14, 2026
26d ago
Press Release
NEUTRAL ★ 5/10
$8.91 $8.77▼ −1.57%▼ −0.34%$8.50 (−4.60%)
May 4, 2026
5w ago
Press Release
NEUTRAL ★ 3/10
$7.53 $7.67▲ +1.86%▲ +1.06%$8.50 (+12.88%)
Apr 29, 2026
5w ago
Press Release
NEUTRAL ★ 3/10
$6.18 $6.18· 0.00%▼ −1.02%$8.50 (+37.54%)
Mar 17, 2026
12w ago
Press Release
BULLISH ★ 8/10
$5.17 $5.04▼ −2.51%▼ −1.12%$8.50 (+64.41%)
Mar 12, 2026
12w ago
8-K
NEUTRAL ★ 4/10
$4.98 $4.67▼ −6.22%▼ −5.63%$8.50 (+70.68%)
Mar 12, 2026
12w ago
Press Release
MIXED ★ 6/10
$4.98 $4.67▼ −6.22%▼ −5.63%$8.50 (+70.68%)
Showing 9 of 9

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