Candel Therapeutics secures $130 million term loan facility with Trinity Capital
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Candel Therapeutics Enters into $130 Million Term Loan Facility with Trinity Capital Inc.
October 14, 2025 8:10 AM EDT$50 million drawn down at closing, with access to up to an additional $80 millionStrengthens Companys financial position; enables initiation of phase 3 clinical trial of CAN-2409 in non-small cell lung cancer (NSCLC)Provides non-dilutive capital and additional financial flexibility ahead of a potential commercial launch in early localized prostate cancer
NEEDHAM, Mass., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (Candel or the Company) (Nasdaq: CADL), a clinical-stage biopharmaceutical company focused on developing multimodal biological... More
