Cidara Therapeutics, Inc.

SAN DIEGO, June 30, 2025 (GLOBE NEWSWIRE) -- Cidara Therapeutics, Inc. (Nasdaq: CDTX), a biotechnology company applying its proprietary Cloudbreak® platform to develop drug-Fc conjugate (DFC) therapeutics, today announced its addition to the Russell 2000® and Russell 3000® Indexes. The Russell 3000 Index encompasses the 3,000 largest U.S. companies by market capitalization, representing approximately 98% of the investable U.S. equity market. The Russell 2000 Index is a subset of the Russell 3000, measuring the performance of the small-cap segment. “Being included in the Russell 2000 and Russell 3000 Indexes is an important milestone for the company and represents the progress we continue to make,” said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. “Following the recent positive data from our Phase 2b NAVIGATE trial, as well as our successful $400 million financing, the inclusion in these indexes only further enhances our visibility with the institutional investment community.” About Cidara TherapeuticsCidara Therapeutics is using its proprietary Cloudbreak® platform to develop novel drug-Fc conjugates (DFCs) comprising targeted small molecules or peptides coupled to a proprietary human antibody fragment (Fc). Cidara’s lead DFC candidate, CD388, is a long-acting antiviral designed to achieve universal prevention of seasonal and pandemic influenza with a single dose by directly inhibiting viral proliferation. In June 2023, CD388 was granted Fast Track Designation by the U.S. Food and Drug Administration (FDA), and the Company announced completion of enrollment of its Phase 2b NAVIGATE trial in December 2024. Additional DFCs have been developed for oncology and in July 2024 Cidara received investigational new drug application clearance for CBO421 which is intended to target CD73 in solid tumors. Cidara is headquartered in San Diego, California. For more information, please visit www.cidara.com. Forward-Looking StatementsThis release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “anticipates,” “expect,” “intends,” “believes,” “may,” “plan” or “will”. Forward-looking statements in this release include, but are not limited to, statements related to the potential benefits of and future plans for CD388, a planned Phase 3 trial of CD388 and the expected timing for presenting additional results from the NAVIGATE trial. Such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, such as unanticipated delays in or negative results from Cidara’s clinical trials and other risks related to clinical development, delays in action by regulatory authorities, other obstacles on the enrollment of patients or other aspects of CD388 or other DFC development and other risks and uncertainties associated with Cidara’s business in general. These and other risks are identified under the caption “Risk Factors” in Cidara’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other filings subsequently made with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. Cidara does not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise. INVESTOR CONTACT:Brian RitchieLifeSci Advisors(212) 915-2578britchie@lifesciadvisors.com MEDIA CONTACT:Michael FitzhughLifeSci Communications(628) 234-3889mfitzhugh@lifescicomms.com

The study met its primary and all secondary efficacy endpoints for all dose groups Single doses of 450mg, 300mg and 150mg of CD388 conferred 76%, 61% and 58% protection, respectively, from symptomatic influenza over 24 weeks compared to placebo CD388 was well-tolerated with no safety signals observed End of Phase 2 meeting request has been submitted to the U.S. Food and Drug Administration (FDA) Cidara will host a conference call at 8:30 am ET on Monday, June 23rd, 2025 June 23, 2025 -- Cidara Therapeutics, Inc. (Nasdaq: CDTX), a biotechnology company applying its proprietary Cloudbreak® platform to develop drug-Fc conjugate (DFC) therapeutics, today announced positive topline results from its randomized, double-blind, placebo-controlled Phase 2b NAVIGATE trial evaluating CD388 for the prevention of seasonal influenza in healthy unvaccinated adults aged 18 to 64. The study met its primary endpoint, demonstrating a statistically significant prevention efficacy (PE) for each of three dose groups in individuals who received a single dose of CD388 at the beginning of the flu season and were evaluated for laboratory and clinically confirmed influenza over 24 weeks. The study also met all secondary endpoints, including efficacy at 37.8 and 37.2 degree Celsius temperature thresholds, as well as maintenance of PE up to 28 weeks with statistical significance. Over the same period, CD388 was well-tolerated at all doses with no unexpected dose-limiting treatment-emergent adverse events observed. Primary Efficacy Analysis: Key Secondary Endpoints: Safety and tolerability data were similar in all arms with no safety signals observed. No drug-related serious adverse events were observed, and treatment-emergent adverse events showed no dose-dependent pattern between CD388 and placebo groups. Injection site reaction rates were similar across all CD388 dose groups and placebo. Cidara expects to present additional results from the NAVIGATE trial at upcoming scientific conferences in 2025. “Results such as these are unprecedented in influenza and support our confidence in the potential of CD388 to offer robust, once-per-season protection against influenza A and B,” said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. “As a long-acting antiviral drug, CD388 was designed to provide once per season protection against all strains of influenza in all people, irrespective of immune status. These results provide us with continued conviction in the remarkable opportunity CD388 presents to deliver broad influenza protection. We thank all of our collaborating partners for their dedication and hard work to reach this milestone. Cidara is grateful to the individuals whose participation helped us to generate these important results.” Nicole Davarpanah, M.D., J.D., chief medical officer of Cidara added, "The statistically significant and clinically meaningful results shown with CD388 mark a potential breakthrough for patients and the future of influenza prevention. These Phase 2b results support the potential of CD388 to be a highly effective and well-tolerated seasonal prophylactic for high-risk individuals, such as those with compromised immune systems or those at a heightened risk of severe illness due to underlying health conditions. We look forward to engaging with the FDA and expanding on these results in our planned Phase 3 trial." Cidara has submitted an end of Phase 2 meeting request to the FDA to review the Phase 2b results and further discuss the Phase 3 trial design and start time. CD388 is an investigational drug-Fc conjugate (DFC) comprised of multiple copies of a potent small molecule neuraminidase inhibitor stably conjugated to a proprietary Fc fragment of a human antibody. DFCs are not vaccines or monoclonal antibodies but are low molecular weight biologics which are designed to function as long-acting small molecule inhibitors. CD388 was designed to provide universal protection against all known strains of seasonal and pandemic influenza with the potential to provide season-long protection with a single subcutaneous or intramuscular administration. Importantly, because CD388 is not a vaccine, its activity is not reliant on an immune response and thereby is expected to be efficacious in individuals regardless of immune status. The Phase 2b NAVIGATE clinical trial (NCT06609460) is a randomized, double-blind, controlled trial in more than 5,000 healthy, unvaccinated adult participants across clinical sites in the U.S. and U.K. who are not at risk of complications from influenza. The objective of the study was to evaluate safety, pharmacokinetics and the rates of laboratory and clinically confirmed influenza in participants receiving single doses of CD388 (150mg, 300mg, 450mg) or placebo administered once at the beginning of the flu season. Participants were followed for the remainder of the influenza season to monitor for breakthrough cases. Protocol-defined PE was determined by the percentage by which the CD388 treated groups reduced the rates of symptomatic influenza infection compared to the placebo group. Cidara Therapeutics is using its proprietary Cloudbreak® platform to develop novel drug-Fc conjugates (DFCs) comprising targeted small molecules or peptides coupled to a proprietary human antibody fragment (Fc). Cidara’s lead DFC candidate, CD388, is a long-acting antiviral designed to achieve universal prevention of seasonal and pandemic influenza with a single dose by directly inhibiting viral proliferation. In June 2023, CD388 was granted Fast Track Designation by the U.S. Food and Drug Administration (FDA), and the Company announced completion of enrollment of its Phase 2b NAVIGATE trial in December 2024. Additional DFCs have been developed for oncology and in July 2024 Cidara received investigational new drug application clearance for CBO421 which is intended to target CD73 in solid tumors. Cidara is headquartered in San Diego, California. The content above comes from the network. if any infringement, please contact us to modify.

Plus, news about XOMA Royalty, Turnstone Biologics, CorMedix, the Novo Nordisk Foundation, Achieve Life Sciences and Cidara Therapeutics: BioCryst sells Orladeyo business in Europe: The company will get $250 million upfront and up to $14 million in milestones from Italian drugmaker Neopharmed Gentili. It plans to use the proceeds to retire debt from Pharmakon. Orladeyo, which brought in $437.6 million in global sales last year, is used to prevent hereditary angioedema attacks. — Jaimy Lee UCB’s Phase 3 win for rare neurodevelopment disorder drug: The biotech said Fintepla met the primary and secondary endpoints in a study of 87 children and adults with CDKL5 deficiency disorder. The primary endpoint looked at change in motor seizures. UCB plans to submit the data to regulators. Fintepla is already approved in the US for Dravet syndrome and Lennox-Gastaut syndrome. — Ayisha Sharma Royalty aggregator to buy Turnstone Biologics: XOMA Royalty will acquire Turnstone for 34 cents per share in cash plus a CVR. In February, the biotech had ended work on a tumor-infiltrating lymphocyte therapy for solid tumors a few months after conducting major layoffs. It was a short-lived public life for Turnstone, which landed on the Nasdaq via a $75 million IPO in July 2023. — Kyle LaHucik CorMedix’s $85M stock sale: The company, which markets the bloodstream-infection treatment DefenCath, is selling 6.6 million shares. — Jaimy Lee Novo Nordisk Foundation’s $75M Challenge Program: The foundation awarded 479 million Danish kroner to nine projects across bio manufacturing, cardiometabolic disease, infectious disease and AI. — Kyle LaHucik Achieve Life Sciences’ $45M offering: The company said it’s selling 15 million shares and 15 million warrants at $3.00 apiece. In a separate release, it said it had submitted an NDA for its smoking cessation treatment, called cytisinicline. Its stock $ACHV dropped by as much as 40% at market open on Friday. — Reynald Castaneda Cidara Therapeutics ended up raising a total of $402.5 million in its offering. — Jaimy Lee Editor’s note: An earlier version of this article incorrectly described Orladeyo’s sales in 2024. The treatment generated $437.6 million in sales for the year.