Candel Therapeutics' shares rose 25% after the FDA granted fast-track designation for its CAN-3110 drug candidate treating high-grade glioma.

Candel Therapeutics' shares surged by nearly 25% on Tuesday after the company received FDA Fast-Track Designation for its CAN-3110 drug candidate. This designation covers the use of CAN-3110 in treating patients with recurrent high-grade glioma for improved overall survival. Cann-3110 is a first-in-class oncolytic immunotherapy that targets aggressive brain tumors.

February 13, 2024
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