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Candel Therapeutics (CADL) investor relations material

Candel Therapeutics R&D Day 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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R&D Day 2025 summary5 Dec, 2025

Pipeline overview and program updates

  • CAN-2409 is the lead asset, positioned as a pan-solid tumor immunotherapy with positive phase III data in localized prostate cancer, over 1,000 patients dosed, and promising results in pancreatic and non-small cell lung cancers.

  • CAN-3110, a next-generation replication-competent oncolytic HSV, shows encouraging survival and immune activation in recurrent high-grade glioma, with potential for broader application in nestin-expressing tumors.

  • R&D Day will feature updates on viral immunotherapy platforms and the oncology pipeline, including CAN-2409 and CAN-3110.

  • Financially, $87M in cash and a $130M term loan provide runway into Q1 2027, supporting ongoing and future trials.

Clinical trial data and development milestones

  • CAN-2409 met its primary endpoint in a 745-patient phase III prostate cancer trial, showing a 30% reduction in disease recurrence and strong secondary endpoint support.

  • CAN-2409 completed phase 2a trials in NSCLC and PDAC, and a pivotal phase 3 trial in localized prostate cancer under FDA Special Protocol Assessment.

  • CAN-3110 demonstrated improved median overall survival in recurrent glioblastoma compared to historical controls, with initial results published in Nature and ongoing studies exploring multiple injections and immune biomarkers.

  • Updated clinical data for non-small cell lung cancer and prostate cancer are expected in the next two quarters, with a pivotal phase III lung cancer trial to start in Q2 next year.

R&D strategy and innovation priorities

  • enLIGHTEN Discovery Platform leverages HSV-based technology and advanced analytics to create new viral immunotherapies for solid tumors.

  • Emphasis on experimental medicine trials to rapidly assess efficacy and inform larger studies.

  • Deep biomarker research and integration of precision/stratified medicine approaches guide future trial design and potential label expansion.

  • Focus on combination therapies and early disease intervention, leveraging immunogenic cell death and in situ vaccination concepts.

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Q4 202513 Mar, 2026
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Frequently asked questions

Candel Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing viral immunotherapies for cancer treatment. The company’s approach involves using genetically modified viruses to induce immunogenic cell death in cancer cells, which unmask tumor antigens within an activated microenvironment. This process triggers a systemic and durable immune response against tumors, acting as an in situ vaccination. Candel’s therapies are designed to potentially improve survival rates and maintain the quality of life for patients across various stages of cancer. The company is headquartered in Needham, Massachusetts, and its shares are listed on NASDAQ.

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