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CADL · Candel Therapeutics, Inc.

Company guidance, FDA catalysts, dilution risk and cash runway, built from SEC, FDA and ClinicalTrials.gov filings and updated every day.

$201.6M Cash on Hand
34.3mo Cash Runway
20.7% Short Interest
$21.75 Analyst Target (8)
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📣 What CADL Says Is Next

Quoted word for word from the company's press releases filed with the SEC. Timing is the company's own guidance, not a BioRadar estimate.

🧪 Trial & FDA Catalysts

📊 Drug Pipeline

DrugIndicationMost advanced trialStatus
Aglatimagene Besadenovec (CAN-2409) Non-squamous, Non-Small Cell Lung Cancer Phase 3 · NCT07660094 Recruiting
Oncolytic HSV-1 rQNestin34.5v.2 Malignant Glioma of Brain Phase 1 · NCT03152318 Active not recruiting

Also used in these trials (approved or third-party drugs, not CADL's own candidates): Docetaxel Anhydrous, Pembrolizumab, Valacyclovir, Temozolomide, Cyclophosphamide, Nivolumab.

Source: ClinicalTrials.gov trials sponsored by the company, one row per candidate at its most advanced registered trial. FDA approvals: Drugs@FDA. Wrong or missing drug? Report it

💰 Cash Runway & Dilution Risk

CADL holds $201.6M in cash and short-term investments (as of Jun 30, 2026) and burns about $17.6M/quarter from operations, an estimated runway of 34.3 months at that rate (BioRadar estimate, not company guidance).

Dilution pressure: 34 · Moderate

Recent financing filings on SEC EDGAR:

Source: SEC EDGAR (XBRL cash flow and financing filings). Dilution Watch: every company ranked → · Get an alert when CADL files for a raise →

👥 Who Owns CADL

Insiders 8.8% Institutions (185 holders) 67.6% Public and other holders 23.6%
HolderTypeShares% of sharesAs of
FMR, LLC Institution (13F) 10,990,535 14.36% 2026-06-30
RTW Investments, LP Institution (13G, 5%+) 6,422,018 8.39% 2026-03-31
Paul B Manning
Director · +53,057 options
Insider 5,748,279 7.51% 2026-02-23
BlackRock, Inc. Institution (13G, 5%+) 4,834,899 6.32% 2026-06-30
State Street Corporation Institution (13F) 3,549,823 4.64% 2026-06-30
Acorn Capital Advisors, LLC Institution (13F) 3,497,948 4.57% 2026-06-30
Portolan Capital Management, LLC Institution (13F) 3,490,398 4.56% 2026-06-30
Saturn V Capital Management LP Institution (13F) 3,303,686 4.32% 2026-06-30
Vanguard Capital Management LLC Institution (13F) 2,694,040 3.52% 2026-06-30
Geode Capital Management, LLC Institution (13F) 1,571,021 2.05% 2026-06-30
Millennium Management Llc Institution (13F) 1,093,905 1.43% 2026-06-30
Christopher Martell
Director · +46,240 options
Insider 546,863 0.71% 2025-06-25

Share count 76,518,565 (latest 10-Q/10-K). Insiders: each officer's, director's and 10% owner's latest Form 3, 4 or 5, direct and indirect shares; options are not counted. 5%+ holders: latest Schedule 13D or 13G of each holder above 5%. Institutions: the total held by all 13F filers (Yahoo Finance); the table lists the largest (13F quarter ending 2026-06-30). Sources have different dates, so the split is approximate. Source: SEC EDGAR.

📈 Recent Insider Activity (Form 4)

Trade dateInsiderTransactionSharesPriceOwned after
2026-09-11
filed 2026-09-11
Tak Paul Peter
Sale (S) 59,379 $10.46 113,321
2026-09-10
filed 2026-09-11
Tak Paul Peter
Option exercise (M) 125,000 – –
2026-09-10
filed 2026-09-11
Tak Paul Peter
Sale (S) 220,866 $11.50 172,700
2026-09-10
filed 2026-09-11
Tak Paul Peter
Option exercise (M) 125,000 $1.55 393,566
2026-09-08
filed 2026-09-10
Zimmermann Martine
Option award (A) 64,000 – –

Only open-market purchases (P) and sales (S) are trading decisions. Awards (A), option exercises (M) and tax withholding (F) are compensation mechanics. Source: SEC Form 4.

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Data: SEC EDGAR, FDA, ClinicalTrials.gov, Yahoo Finance • Informational purposes only, not investment advice. • All tracked stocks A–Z

This data is for informational purposes only, not investment advice. BioRadar does not provide buy/sell recommendations. Past performance does not guarantee future results. Always do your own due diligence.