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Benzinga

Business

Vandana Singh

Cidara Therapeutics Analyst Says Lead Influenza Candidate Is 'Strategically Attractive'

Cidara Therapeutics Influenza JP Morgan CDTX JP Morgan

Vaccine

JP Morgan initiated coverage of Cidara Therapeutics Inc. (NASDAQ:CDTX) on Friday, citing its lead asset, CD388, for influenza, underscoring the game-changing potential of the product and multi-billion dollar potential in the U.S. alone.

Analyst Anupam Rama says across doses, prevention efficacy was ahead of known vaccine benchmarks across various populations, with the highest dose (450mg) showing a prevention efficacy of around 76% with no major safety concerns.

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