Candel Therapeutics shares are trading higher after the company announced it received FDA Fast Track Designation for CAN-2409 in pancreatic cancer.
Portfolio Pulse from Benzinga Newsdesk
Candel Therapeutics' stock is up following the FDA Fast Track Designation for its pancreatic cancer treatment, CAN-2409.

December 12, 2023 | 1:25 pm
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POSITIVE IMPACT
Candel Therapeutics' stock price is likely to experience a positive short-term impact due to the FDA Fast Track Designation for CAN-2409, which could accelerate the drug's development and review process.
The FDA Fast Track Designation is a positive regulatory milestone for Candel Therapeutics, indicating that the FDA recognizes the potential of CAN-2409 to address an unmet medical need in pancreatic cancer treatment. This designation can lead to expedited development and review of the drug, potentially bringing it to market sooner. Investors often view such regulatory advancements as positive indicators of a company's pipeline progress, which can lead to increased investor confidence and a rise in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100