Candel Therapeutics rides high on promising Phase 3 data, funding boost
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Candel Therapeutics Inc (NASDAQ:CADL) shares surged by nearly 43% after releasing promising Phase 3 trial results for its cancer drug CAN-2409, an experimental immunotherapy for localized prostate cancer.
December 19, 2024 | 8:30 pm
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Candel Therapeutics' stock price jumped 43% due to positive Phase 3 trial results for CAN-2409, a promising cancer immunotherapy.
The significant increase in CADL's stock price is directly linked to the positive Phase 3 trial results for CAN-2409, indicating strong market confidence in the drug's potential. This news is highly relevant and important for investors as it suggests potential future revenue growth and market expansion.
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IMPORTANCE 90
RELEVANCE 100