Candel Therapeutics Reports Positive Phase III Data with Stock Surge Amid Prostate Cancer Trial Success

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Candel Therapeutics Reports Positive Phase III Data with Stock Surge Amid Prostate Cancer Trial Success

Candel Therapeutics' Phase III trial for its oncolytic virus CAN-2409 involved 745 patients diagnosed with intermediate-to-high-risk localized prostate cancer[1][2]. The trial was structured so that two-thirds of these patients received CAN-2409 in combination with valacyclovir, along with standard external beam radiation therapy[2]. This study was conducted under the FDA's Special Protocol Assessment program, indicating that its results have the potential to support a regulatory application, with the expectation of a favorable submission possibly by mid-2025, and potential approval by 2026[1].