Candel

Candel Therapeutics Receives Orphan Drug Designation from the European Medicines Agency for CAN-2409 in Glioma

Retrieved on: 
Thursday, September 15, 2022

The orphan drug designation follows the U.S. Food and Drug Administration (FDA) fast track designation, which was granted in June 2021, for CAN-2409 in combination with valacyclovir following standard of care treatment in newly diagnosed high-grade glioma.

Key Points: 
  • The orphan drug designation follows the U.S. Food and Drug Administration (FDA) fast track designation, which was granted in June 2021, for CAN-2409 in combination with valacyclovir following standard of care treatment in newly diagnosed high-grade glioma.
  • Paul Peter Tak, MD, PhD, FMedSci, President and CEO of Candel, said, "Glioma, while mercifully rare, is a devastating disease with significant morbidity and mortality.
  • The EMA's orphan drug designation recognizes the high unmet need and the potential of CAN-2409 in this patient population.
  • Orphan drug designation in the European Union (EU) is granted by the European Commission based on a positive opinion issued by the EMA COMP.

Candel Therapeutics Announces Two Executive Leadership Appointments

Retrieved on: 
Wednesday, September 7, 2022

Mr. Amello and Dr. Nichols together bring over five decades of biopharmaceutical experience to Candel.

Key Points: 
  • Mr. Amello and Dr. Nichols together bring over five decades of biopharmaceutical experience to Candel.
  • He was instrumental in shaping the Company as we executed our IPO in 2021 and has continued to provide valuable strategic guidance to Candel.
  • On behalf of the board, the leadership team and all of the Candel employees, we wish him well.
  • Mr. Amello comes to Candel from Saniona AB, a rare disease biotech company where he served as CFO.

Candel Therapeutics Upcoming Investor Conference Participation

Retrieved on: 
Tuesday, September 6, 2022

A live webcast of the H.C. Wainwright company presentation is available here and can be accessed by visiting the Investors section of Candel Therapeutics website at www.ir.candeltx.com and selectingEvents and Presentationsunder the News & Events tab.

Key Points: 
  • A live webcast of the H.C. Wainwright company presentation is available here and can be accessed by visiting the Investors section of Candel Therapeutics website at www.ir.candeltx.com and selectingEvents and Presentationsunder the News & Events tab.
  • A replay of the webcast will be archived for up to 90 days following the presentation date.
  • CAN-2409 is the lead product candidatefrom the adenovirus platform and CAN-3110 is the lead product candidate from the HSV platform.
  • The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.

Candel Therapeutics Reports Second Quarter 2022 Financial Results and Recent Corporate Highlights

Retrieved on: 
Friday, August 5, 2022

NEEDHAM, Mass., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a late clinical stage biopharmaceutical company focused on helping patients fight cancer with oncolytic viral immunotherapies, today reported financial results for the second quarter ended June 30, 2022 and provided a corporate update.

Key Points: 
  • NEEDHAM, Mass., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a late clinical stage biopharmaceutical company focused on helping patients fight cancer with oncolytic viral immunotherapies, today reported financial results for the second quarter ended June 30, 2022 and provided a corporate update.
  • Candel remains on track to achieve several milestones in the second half of 2022, said Paul Peter Tak, MD, PhD, FMedSci, President and Chief Executive Officer of Candel.
  • The Company also plans to debut initial data from its new discovery platform, enLIGHTEN, in the fourth quarter of 2022.
  • Financial Results for the Quarter Ended June 30, 2022
    Cash Position: Cash and cash equivalents as of June 30, 2022 were $86.8 million compared to $82.6 million as of December 31, 2021.

Candel Therapeutics Appoints Three New Members to its Board of Directors

Retrieved on: 
Monday, August 1, 2022

These new members replace current Board members: Alan E. Smith, PhD, Shaan Ghandi, MD, D.Phil, and Udi Meirav, PhD, maintaining Candels nine-seat board.

Key Points: 
  • These new members replace current Board members: Alan E. Smith, PhD, Shaan Ghandi, MD, D.Phil, and Udi Meirav, PhD, maintaining Candels nine-seat board.
  • We are pleased to welcome Renee, Gary, and Joseph, preeminent leaders in their respective fields, as new directors to the Candel Board, said Paul Peter Tak, MD, PhD, FMedSci, President and Chief Executive Officer (CEO) at Candel.
  • Dr. Nabel co-founded ModeX Therapeutics and held the position of President and CEO before its acquisition by OPKO in May 2022.
  • In July 2022, he stepped down as chair of Bausch + Lombs Board and will remain CEO until his successor is appointed.

Candel Therapeutics to Present at the H.C. Wainwright Annual Global Investment Conference

Retrieved on: 
Wednesday, May 18, 2022

NEEDHAM, Mass., May 18, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Nasdaq: CADL), a late clinical stage biopharmaceutical company developing novel oncolytic viral immunotherapies, today announced that Paul Peter Tak, MD, PhD, FMedSci, President and Chief Executive Officer, will present an overview of the company at H.C. Wainwrights upcoming Annual Global Investment Conference.

Key Points: 
  • NEEDHAM, Mass., May 18, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Nasdaq: CADL), a late clinical stage biopharmaceutical company developing novel oncolytic viral immunotherapies, today announced that Paul Peter Tak, MD, PhD, FMedSci, President and Chief Executive Officer, will present an overview of the company at H.C. Wainwrights upcoming Annual Global Investment Conference.
  • To access the webcast recording of the company presentation, please visit the Candel Therapeutics website at https://ir.candeltx.com/news-and-events/events-and-presentations.
  • CAN-2409 is the lead product candidatefrom the adenovirus platform and CAN-3110 is the lead product candidate from the HSV platform.
  • The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.

Candel Therapeutics Reports First Quarter 2022 Financial Results and Recent Corporate Highlights

Retrieved on: 
Thursday, May 12, 2022

NEEDHAM, Mass., May 12, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a late clinical stage biopharmaceutical company focused on helping patients fight cancer with oncolytic viral immunotherapies, today reported financial results for the first quarter ended March 31, 2022 and provided a corporate update.

Key Points: 
  • NEEDHAM, Mass., May 12, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a late clinical stage biopharmaceutical company focused on helping patients fight cancer with oncolytic viral immunotherapies, today reported financial results for the first quarter ended March 31, 2022 and provided a corporate update.
  • Strengthened cash position with a $20.0 million non-dilutive debt financing with Silicon Valley Bank (SVB) in February 2022.
  • Financial Results for the Quarter Ended March 31, 2022
    Cash Position: Cash and cash equivalents as of March 31, 2022 were $94.3 million compared to $82.6 million as of December 31, 2021.
  • Excluding stock-based compensation expense of $492,000 for the three-month period ended March 31, 2022, total operating expenses for the three-month period ended March 31, 2022, were $8.5 million.

Esperion Announces the Appointment of Stephen Rocamboli to its Board of Directors

Retrieved on: 
Thursday, April 28, 2022

Mr. Rocamboli fills the newly created vacancy resulting from Dr. Mark McGoverns retirement from the Board.

Key Points: 
  • Mr. Rocamboli fills the newly created vacancy resulting from Dr. Mark McGoverns retirement from the Board.
  • "On behalf of the Esperion team and our directors, I am very pleased to welcome Stephen to the Esperion Board.
  • I also want to thank Dr. McGovern for his eight years of service on our Board and his significant contributions to Esperions journey.
  • Between 2010 and 2012, Mr. Rocamboli also served as partner of Beijing International Group, an international affiliate of Integrin Partners.

Candel Therapeutics to Present at the 2022 American Society of Clinical Oncology (ASCO) Annual Meeting

Retrieved on: 
Wednesday, April 27, 2022

NEEDHAM, Mass., April 27, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Nasdaq: CADL), a late clinical stage biopharmaceutical company developing novel oncolytic viral immunotherapies, today announced that an abstract has been accepted for presentation at the upcoming American Society of Clinical Oncology (ASCO) Annual Meeting 2022, which will be held in person from June 3 7, 2022, at the McCormick Place Convention Center in Chicago, Illinois.

Key Points: 
  • NEEDHAM, Mass., April 27, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Nasdaq: CADL), a late clinical stage biopharmaceutical company developing novel oncolytic viral immunotherapies, today announced that an abstract has been accepted for presentation at the upcoming American Society of Clinical Oncology (ASCO) Annual Meeting 2022, which will be held in person from June 3 7, 2022, at the McCormick Place Convention Center in Chicago, Illinois.
  • The presented data will detail clinical outcomes from Candels phase 2 clinical trial evaluating CAN-2409 and valacyclovir in combination with anti-PD-1 or PD-L1 agents in patients with stage III/IV NSCLC.
  • CAN-2409 is the lead product candidatefrom the adenovirus platform and CAN-3110 is the lead product candidate from the HSV platform.
  • The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made.

Candel Therapeutics Reports Fourth Quarter and Full Year 2021 Financial Results and Recent Corporate Highlights

Retrieved on: 
Tuesday, March 29, 2022

NEEDHAM, Mass., March 29, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a late clinical stage biopharmaceutical company focused on helping patients fight cancer with oncolytic viral immunotherapies, today reported financial results for the fourth quarter and year ended December 31, 2021 and provided a corporate update.

Key Points: 
  • NEEDHAM, Mass., March 29, 2022 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a late clinical stage biopharmaceutical company focused on helping patients fight cancer with oncolytic viral immunotherapies, today reported financial results for the fourth quarter and year ended December 31, 2021 and provided a corporate update.
  • 2021 was a year of significant progress for Candel, filled with important accomplishments in development of our late-stage pipeline of novel oncolytic viral immunotherapies for cancer treatment.
  • Financial Results for the Year and Fourth Quarter Ended December 31, 2021
    Cash Position: Cash and cash equivalents as of December 31, 2021 were $82.6 million, compared to $35.1 million as of December 31, 2020.
  • Subsequent to December 31, 2021, the Company entered into a term loan agreement with SVB and borrowed $20.0 million.