Calidi Biotherapeutics(CLDI)
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Calidi Biotherapeutics Receives FDA Fast Track Designation for CLD-201 (SuperNova), a First-In-Class Stem-Cell Loaded Viral Therapy for the Treatment of Patients with Soft Tissue Sarcoma
Globenewswire· 2025-07-29 12:00
Core Insights - Calidi Biotherapeutics, Inc. has received Fast Track designation from the FDA for its product CLD-201, an allogeneic adipose stem-cell loaded oncolytic virus aimed at treating soft tissue sarcoma [1][2][3] Company Overview - Calidi Biotherapeutics is a clinical-stage biotechnology company focused on developing targeted therapies that can deliver genetic medicines to disease sites [5][6] - The company's proprietary Redtail platform has been developed over a decade, allowing for the design of viral vectors that evade immune detection, facilitating systemic delivery to tumor sites [5] Product Details - CLD-201 consists of adipose-derived mesenchymal stem cells loaded with an oncolytic vaccinia virus, targeting advanced solid tumors such as sarcoma, triple-negative breast cancer, and head and neck squamous cell carcinoma [4] - The stem-cell loading mechanism protects the virus from immune clearance, enhancing its potency and efficacy in pre-clinical models [4] Regulatory Milestones - The FDA's Fast Track designation will enable more frequent interactions with the agency and may lead to priority review and accelerated approval for CLD-201 [2][3] - The FDA Investigational New Drug (IND) clearance for CLD-201 was previously announced on April 17, 2025, with a planned Phase 1 trial to evaluate its safety and efficacy [3]
Calidi announces Reverse Stock Split, expected to begin trading on a 1-for-12 split adjusted basis on August 5, 2025
Globenewswire· 2025-07-25 20:45
Core Viewpoint - Calidi Biotherapeutics, Inc. announced a reverse stock split at a ratio of 1-for-12 to optimize market dynamics and broaden investor appeal, effective August 5, 2025 [1][2]. Company Overview - Calidi Biotherapeutics is a clinical-stage biotechnology company focused on developing targeted therapies that deliver genetic medicines to disease sites, utilizing its proprietary Redtail platform [6][7]. - The Redtail platform is designed to create viral vectors that evade immune detection, allowing for effective delivery of virotherapy to tumor sites [6]. Reverse Stock Split Details - The reverse stock split will consolidate every twelve pre-split shares into one post-split share, with fractional shares rounded up to the nearest whole share at the participant level [3][4]. - The split was approved by stockholders on July 9, 2025, and by the Board of Directors on July 11, 2025 [2]. - The new CUSIP number for the common stock will be 320703 408 following the split [1]. Stockholder Information - Registered stockholders with book-entry shares will not need to take action to receive post-split shares, while those with shares in certificate form will receive instructions for exchanging their certificates [5].
Join Calidi Biotherapeutics’ Exclusive Live Investor Webinar and Q&A Session on July 24
Globenewswire· 2025-07-22 12:00
Core Insights - Calidi Biotherapeutics is hosting a webinar on July 24, 2025, to discuss its innovative approach to precision genetic medicine using its proprietary RedTail™ platform [1][2] - The RedTail platform is designed to deliver genetic therapies to difficult-to-treat tumors while evading immune detection, showcasing promising preclinical data [2][5] - The oncology market is projected to exceed $560 billion by 2033, presenting significant growth opportunities for Calidi [2] Company Overview - Calidi Biotherapeutics is a clinical-stage biotechnology company focused on developing targeted therapies for delivering genetic medicines to disease sites [5][6] - The RedTail platform has been developed over a decade and utilizes engineered viral vectors to effectively reach tumor sites and deliver gene therapies [5][6] - The lead candidate, CLD-401, is currently in IND-enabling studies and targets non-small cell lung cancer, ovarian cancer, and other high unmet medical need tumor types [6] Strategic Initiatives - The company is advancing towards IND filing and exploring strategic partnerships with pharmaceutical companies for global commercialization [2] - Calidi's business model is capital-efficient, with a strong balance sheet and a next-generation pipeline targeting both cancer and autoimmune diseases [2]
Calidi Biotherapeutics Inc. (NYSE American: CLDI) Platform Designed to Transform Landscape of Cancer Treatment
Globenewswire· 2025-07-10 12:30
Company Overview - Calidi Biotherapeutics Inc. is a clinical-stage immuno-oncology company focused on developing proprietary technology to enhance the immune system's ability to fight cancer [5] - The company utilizes allogeneic stem cells to deliver oncolytic viruses for various oncology indications, including high-grade gliomas and solid tumors [5] - Calidi's innovative platforms aim to protect, amplify, and potentiate oncolytic viruses, potentially improving efficacy and patient safety [5] Industry Context - Approximately 20 million people are diagnosed with cancer each year, with nearly 10 million deaths globally, a figure expected to rise significantly by 2050 [3] - The American Cancer Society projects that annual cancer diagnoses will reach 35 million by 2050, highlighting the urgent need for more effective therapies [3] - The demand for innovation in cancer treatment presents significant market opportunities for companies like Calidi Biotherapeutics [3][4] Technological Approach - Calidi Biotherapeutics is developing a next-generation platform that delivers genetic medicines directly to primary and metastatic tumors using engineered viruses [4] - The company's dual approach aims to treat or prevent metastatic disease, positioning it among leading biotech innovators [4]
Calidi Biotherapeutics Announces Exercise of Warrants for $4.6 Million of Gross Proceeds
Globenewswire· 2025-07-09 18:01
Core Viewpoint - Calidi Biotherapeutics has entered into a definitive agreement for the immediate exercise of existing warrants, which will generate approximately $4.6 million in gross proceeds to advance its clinical programs and operational expenses [1][3]. Group 1: Warrants and Financial Details - The company will exercise certain outstanding Series A, B-1, C-1, D, E, and F Warrants to purchase up to 6,595,000 shares of common stock at a reduced exercise price of $0.70 [1]. - Ladenburg Thalmann & Co, Inc. is acting as the exclusive placement agent for this offering [2]. - The new warrants will also allow for the purchase of 6,595,000 shares at the same exercise price of $0.70, with a term of five and a half years [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to advance clinical and pre-clinical programs, as well as for ongoing operating expenses and working capital [3]. Group 3: Company Overview - Calidi Biotherapeutics is a clinical-stage biotechnology company focused on developing targeted therapies that deliver genetic medicines to disease sites [6]. - The company's proprietary Redtail platform is designed to create viral vectors that evade immune detection, allowing for effective delivery of virotherapy to tumor sites [6]. - The lead candidate from the Redtail platform targets non-small cell lung cancer, ovarian cancer, and other high unmet medical need tumor types [7].
Calidi Biotherapeutics Inc. (NYSE American: CLDI) Developing Precision Genetic Medicine Platform for Cancer Treatment
Globenewswire· 2025-07-08 12:30
Company Overview - Calidi Biotherapeutics Inc. is a clinical-stage immuno-oncology company focused on developing innovative cancer treatments through the precise delivery of genetic medicines to both primary tumors and metastatic sites [3][4] - The company utilizes proprietary stem cell-based platforms that can carry oncolytic viruses, aiming to enhance the efficacy and safety of cancer therapies [4] Industry Context - An estimated 20 million people are diagnosed with cancer annually, with nearly 10 million deaths each year worldwide, and these figures are projected to rise significantly [2] - The American Cancer Society anticipates that by 2050, 35 million people will be diagnosed with cancer each year, highlighting the urgent need for new and effective cancer drugs [2] Technology and Innovation - Calidi's platform employs engineered viruses to target cancer sites in the body, delivering potent genetic medicines that could potentially revolutionize cancer treatment [3] - The dual approach of using allogeneic stem cells and oncolytic viruses aims to treat or prevent metastatic disease, addressing significant unmet needs in oncology [4]
Calidi Biotherapeutics Announces Shareholder Letter from CEO
Globenewswire· 2025-06-27 12:00
Core Viewpoint - Calidi Biotherapeutics is undergoing significant transformation in leadership, focus, and financial management, aiming to advance its innovative oncology therapies, particularly the RedTail platform, which shows promise in delivering genetic medicines to metastatic cancer sites [1][3][7]. Company Developments - The appointment of Eric Poma as CEO in April 2025 marks a new leadership direction, with a focus on advancing therapeutic approaches in oncology [2]. - Dr. Guy Travis Clifton has been appointed as Chief Medical Officer, enhancing the company's expertise in clinical program advancement and regulatory strategy [2]. R&D Pipeline Progress - The RedTail platform is highlighted as a key focus, utilizing an engineered enveloped virus for systemic delivery of genetic medicines to metastatic cancer sites, representing over a decade of research [3][9]. - Recent preclinical data indicates that RedTail demonstrates potent tumor-selective targeting and improved anti-tumor immune modulation, differentiating it in the oncology market [4]. Strategic Partnerships - The company is actively seeking partnerships with leading biopharmaceutical firms to accelerate the development and commercialization of therapies, which could enhance market reach and shareholder value [4]. Future Milestones - The roadmap for the next 18 months includes completing IND-enabling studies for the lead candidate CLD-401, with an IND filing anticipated by the end of 2026 [5]. - An IND for the SuperNova virotherapy (CLD-201) was opened in April 2025, with Phase I trials expected to start by the end of 2025 [6]. Financial Management - As of Q1 2025, the company reported approximately $10.6 million in cash, with efforts to reduce costs and lower the burn rate while retiring most of its debt [7].
Calidi Biotherapeutics Presents systemic oncolytic platform with CD55-Enhanced expression and IL-15 Superagonist Payload at ASCO Annual Meeting
Globenewswire· 2025-06-02 12:00
Core Insights - Calidi Biotherapeutics Inc. is a clinical-stage biotechnology company focused on developing systemic oncolytic targeted immunotherapies, with its lead candidate CLD-401 presented at the ASCO Annual Meeting [1][2] Group 1: Technology and Innovation - Calidi has developed an enveloped form of its proprietary oncolytic virus that shows greater resistance to immune clearance, enhancing systemic delivery and efficacy in pre-clinical models [2] - The novel genetic modification in CLD-401 incorporates a chimeric CD55 receptor into the virus envelope, which inhibits complement-mediated clearance, improving the virus's stability in circulation [2][4] - The RedTail platform allows for the delivery of genetic payloads directly into the tumor microenvironment, with CLD-401 expressing an IL-15 superagonist to activate and expand natural killer (NK) cells and CD8+ T cells [3][4] Group 2: Strategic Development - Calidi is conducting IND-enabling studies for CLD-401 and plans to submit an Investigational New Drug (IND) application in the second half of 2026 [4] - The company is actively seeking strategic partnerships to accelerate clinical development and enhance the impact of its RedTail platform [4][6] - The lead candidate targets non-small cell lung cancer, ovarian cancer, and other tumor types with high unmet medical needs [7]
Calidi Biotherapeutics, Inc. (CLDI) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
ZACKS· 2025-05-16 14:56
Core Viewpoint - Calidi Biotherapeutics, Inc. (CLDI) has experienced a downtrend, losing 14% over the past two weeks, but a hammer chart pattern suggests a potential trend reversal due to increased buying interest [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottom in the stock price, suggesting that selling pressure may be exhausting [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bulls may be regaining control after a downtrend [4][5]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for CLDI, which is a bullish indicator [7]. - The consensus EPS estimate for the current year has increased by 48.9% over the last 30 days, indicating analysts' optimism about the company's earnings potential [8]. - CLDI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9].
Calidi Biotherapeutics(CLDI) - 2025 Q1 - Quarterly Results
2025-05-14 21:00
Financial Performance - The company reported a net loss of $5.0 million, or $0.18 per share, for Q1 2025, a decrease from a net loss of $7.2 million, or $2.03 per share, in Q1 2024[7]. - General and administrative expenses decreased to $2.6 million in Q1 2025 from $4.0 million in Q1 2024[8]. - Research and development expenses were $2.4 million for Q1 2025, down from $2.7 million in the same period of 2024[7]. Cash and Assets - The company had approximately $10.6 million in cash as of March 31, 2025, compared to $9.6 million as of December 31, 2024[8]. - Total assets increased to $15.1 million as of March 31, 2025, compared to $14.2 million as of December 31, 2024[16]. - Total current liabilities decreased to $5.4 million as of March 31, 2025, from $9.5 million as of December 31, 2024[16]. Leadership and Development - The company appointed Eric Poma, PhD, as CEO, who has over 30 years of experience in the biopharmaceutical industry[6]. - The FDA cleared the IND application for CLD-201, which targets solid tumors, including breast cancer and head & neck cancer[10]. - The lead candidate from the Redtail platform is currently in IND-enabling studies, focusing on non-small cell lung cancer and ovarian cancer[11]. - New preclinical data on the Redtail platform was presented at the AACR Annual Meeting, highlighting the IL15 superagonist as the first payload for tumor delivery[10].