Candel Therapeutics, Inc. (CADL) — Current Report

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Earlier Current Report filings

Filed: 2026-02-23
  • Candel Therapeutics, Inc. has launched a public offering of 18.3 million shares of its common stock, with an additional 2.8 million shares available through an overallotment option.
  • The company plans to use the estimated $93.5 million in net proceeds to support critical launch readiness, medical affairs, pre-commercialization, and ongoing development of its lead candidate CAN-2409 for prostate and lung cancer.
  • Assuming the base offering amount, the company expects its cash and cash equivalents to fund operations and capital expenditures into the first quarter of 2028.
Filed: 2026-02-19
  • Candel Therapeutics entered into a $100 million purchase and sale agreement with RTW Investments for its prostate cancer drug CAN-2409 upon FDA approval, providing upfront capital and a tiered royalty structure.
  • The agreement includes a ratchet provision that increases the royalty rate if certain sales thresholds are not met, and a buy-out option for Candel Therapeutics in the event of a change of control.
  • Candel Therapeutics reported preliminary cash and cash equivalents of approximately $119.7 million as of December 31, 2025, indicating a strong cash position ahead of the potential FDA approval and product launch.

Other reports for Candel Therapeutics, Inc.

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