Candel Therapeutics, Inc. ( (CADL) ) has released its Q2 earnings. Here is a breakdown of the information Candel Therapeutics, Inc. presented to its investors.
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Candel Therapeutics, Inc. is a clinical-stage biopharmaceutical company specializing in the development of multimodal biological immunotherapies aimed at treating cancer, with a focus on innovative gene therapy platforms.
In its second quarter of 2025 financial report, Candel Therapeutics highlighted significant advancements in its clinical trials, particularly with its lead product candidate, CAN-2409, which has shown promising results in treating prostate, pancreatic, and non-small cell lung cancers. The company also announced strategic appointments to its leadership team to bolster its pre-commercialization efforts.
Key financial metrics from the report include a net loss of $4.8 million for the quarter, a significant improvement from the $22.2 million loss in the same period last year, attributed mainly to changes in the fair value of warrant liabilities. The company reported cash and cash equivalents of $100.7 million, expected to fund operations into the first quarter of 2027. Additionally, Candel received FDA Regenerative Medicine Advanced Therapy Designation for CAN-2409 in prostate cancer and Orphan Designation from the EMA for pancreatic cancer.
Candel’s clinical trial results were promising, with CAN-2409 demonstrating a 30% improvement in disease-free survival in prostate cancer and significant survival benefits in pancreatic and lung cancers. The company is preparing for a Biologics License Application submission for CAN-2409 in prostate cancer by the fourth quarter of 2026.
Looking ahead, Candel Therapeutics is poised to continue its momentum with ongoing clinical trials and strategic initiatives, aiming to bring its innovative therapies to market and improve treatment outcomes for cancer patients.