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Cidara Therapeutics, Inc.

corporate_fare Company Profile

Cidara Therapeutics, Inc.

CDTX·NASDAQ·Healthcare·CIK 0001610618

We are a biotechnology company that uses our proprietary Cloudbreak® platform to create drug-Fc conjugate (DFC) immunotherapies. Our goal is to save lives and improve patient care for serious diseases. Our main clinical-stage product is CD388, a DFC designed to prevent influenza. We discovered and advanced CD388 into clinical trials through a partnership with J&J Innovative Medicine (previously Janssen Pharmaceuticals, Inc.). We completed two Phase 1 studies and one Phase 2a study for CD388 under a license and collaboration agreement with Janssen, which began in March 2021. In 2023, Janssen decided to stop internal development of several infectious disease product candidates, including CD388, as part of a research and development prioritization. In April 2024, we reacquired all rights to develop and commercialize CD388 from Janssen through a competitive process and a new license and technology transfer agreement. This agreement grants us an exclusive, worldwide, fee-bearing but royalty-free license for certain Janssen-controlled technology to develop, manufacture, and commercialize compounds like CD388. Simultaneously with reacquiring CD388, we completed a private placement in April 2024, selling 240,000 shares of Series A Convertible Voting Preferred Stock to institutional and accredited investors. This private placement, led by RA Capital Management with participation from Bain Capital Life Sciences, Biotech Value Fund, and Canaan Partners, generated $240.0 million in gross proceeds. We used $85.0 million of these proceeds for the upfront payment under the Janssen License Agreement. The remaining $155.0 million is being used to develop CD388 as a universal preventative for seasonal and pandemic influenza A and B, starting with the CD388 Phase 2b NAVIGATE study, which we initiated in September 2024.

Cidara Therapeutics, Inc. (NASDAQ:CDTX) is a publicly traded company in the Healthcare sector. Wiseek monitors CDTX SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • Cidara Therapeutics Acquired, Delisted from Nasdaq Following Tender Offer Completion
  • Cidara Therapeutics Completes Acquisition by Merck Subsidiary, Delists from Nasdaq
  • Cidara Therapeutics Merger with Merck Completes; Shares to Delist
  • Cidara Therapeutics Acquired by Merck for $221.50 Per Share; Delisting Imminent

Financial Snapshot

Fiscal year ended December 31, 2024
Revenue
$1.27M
Net Income
-$169.83M
Diluted EPS
-$26.75
Op. Cash Flow
-$176.53M
Free Cash Flow
-$176.66M
Operating Income
-$176.1M
Cash & Equivalents
$189.82M
Debt / Equity
0.00×
Net Margin
-133.20×
Shares Outstanding
10.95M sh
Source: 10-K · filed 2025-03-06 · accession 0001610618-25-000017
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$221.32
Market cap
$6.96B
Volume
2.7M (2.6× avg)
3-mo avg 1M
Live data · 2026-06-14 03:51 UTC · Market closed

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feed CDTX - Latest Insights

CDTX
Jan 09, 2026, 4:45 PM EST
Filing Type: SCHEDULE 13D/A
Importance Score:
10
Price at Filing: $221.32
Real-time Price: $221.32 info
Change: $0 (0%) info
Market Cap: $6.96B info
CDTX
Jan 07, 2026, 9:00 AM EST
Filing Type: 8-K
Importance Score:
10
Price at Filing: $221.32
Real-time Price: $221.32 info
Change: $0 (0%) info
Market Cap: $6.96B info
CDTX
Jan 07, 2026, 8:57 AM EST
Filing Type: SC 14D9/A
Importance Score:
10
Price at Filing: $221.32
Real-time Price: $221.32 info
Change: $0 (0%) info
Market Cap: $6.96B info
CDTX
Jan 07, 2026, 8:55 AM EST
Filing Type: SC TO-T/A
Importance Score:
10
Price at Filing: $221.32
Real-time Price: $221.32 info
Change: $0 (0%) info
Market Cap: $6.96B info