Why Is Cidara Therapeutics Stock Trading Higher On Monday?

Cidara Therapeutics, Inc. CDTX stock is trading over 90% higher on Monday with a session volume of 3.2 million compared to the average volume of 181.7K.On Monday, the company released topline results from its randomized, double-blind, placebo-controlled Phase 2b NAVIGATE trial evaluating CD388 for preventing 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 in ...