Why Calidi Biotherapeutics is Moving Higher Monday
Portfolio Pulse from Dylan Berman
Calidi Biotherapeutics (NYSE:CLDI) stock is trading higher after announcing a collaboration with SIGA Technologies (NASDAQ:SIGA) to advance Calidi’s RTNova virotherapy for lung cancer and metastatic solid tumors. SIGA will provide TPOXX, an antiviral agent, to manage RTNova’s spread.
June 10, 2024 | 2:53 pm
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POSITIVE IMPACT
Calidi Biotherapeutics (NYSE:CLDI) stock is trading higher after announcing a collaboration with SIGA Technologies to advance its RTNova virotherapy for cancer treatment.
The partnership with SIGA Technologies provides Calidi with a crucial component (TPOXX) to manage the spread of its RTNova virotherapy, which could significantly enhance the treatment's effectiveness and safety, leading to positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SIGA Technologies (NASDAQ:SIGA) is collaborating with Calidi Biotherapeutics to provide TPOXX, an antiviral agent, for Calidi’s RTNova virotherapy for cancer treatment.
The collaboration with Calidi Biotherapeutics positions SIGA Technologies as a key player in an innovative cancer treatment, potentially boosting its market perception and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80