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Candel Therapeutics (NASDAQ: CADL) Lead Candidate CAN-2409 Combats Lung, Pancreatic And Prostate Cancers With Fast Track Designation For Three Cancers

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–News Direct–

By Jeremy Golden, Benzinga

Immunotherapy has transformed the way cancer is treated, but just 20% to 40% of patients typically respond to FDA-approved immune checkpoint inhibitor (ICI) treatments.

Poor ICI treatment response has been linked to the tumors ability to disguise antigen presentation and generate an immunosuppressive microenvironment. In addition, most conventional immunotherapies are not designed to educate the patients immune system on how to recognize a variety of tumor antigens and neoantigens.

Amid this landscape, a clinical-stage biopharmaceutical company has developed a new multimodal biological approach that leverages the ability of viral gene constructs to activate cancer-killing mechanisms, exposing multiple tumor antigens to the immune system, resulting in vaccination against the tumor while inhibiting the immunosuppressive tumor microenvironment.

Candel Therapeutics, Inc. (NASDAQ: CADL) is developing a product candidate that is being studied in lung, pancreatic and prostate cancers. Candels most advanced viral immunotherapy candidate, CAN-2409, is an investigational off-the-shelf replication-defective adenovirus designed to induce an individualized, systemic immune response against the patients own tumor.

Part of the companys adenovirus platform, CAN-2409 is injected directly into the tumor or target tissue using a localized injection, akin to the standard approach for vaccination.

CAN-2409's adenoviral construct serves as a vector to transport the HSV-thymidine kinase gene into tumor cells at the site of injection. These tumor cells can then express HSV-thymidine kinase, which converts generic, FDA-approved anti-herpes drugs such as ganciclovir, acyclovir and valacyclovir into a toxic nucleotide analog that blocks DNA synthesis in dividing cells.

Cancer cells exposed to the toxic nucleotide analog in the tumor microenvironment have been observed to undergo immunogenic cell death. Simultaneously, the adenoviral serotype 5 capsid protein elicits a strong pro-inflammatory signal in the tumor microenvironment, creating the optimal conditions to induce a specific CD8+ T cell-mediated response against the injected tumor and uninjected distant metastases for broad and systemic anti-tumor activity.

CAN-2409 is currently being studied in an open-label, phase 2 clinical trial in non-small cell lung cancer (NSCLC) and in randomized, controlled, blinded phase 2b and phase 3 clinical trials in prostate cancer. The company has recently released very encouraging data for CAN-2409s ability to improve overall survival in non-metastatic pancreatic cancer, with topline overall survival data in non-small cell lung cancer planned for this quarter (Q2 2024) and results from the prostate clinical trials later this year (Q4 2024).

When it comes to NSCLC, the company previously presented data from the phase 2 clinical trial in which patients received two administrations of CAN-2409 plus prodrug. Those patients demonstrated the following:

1) Increased infiltration of CD8+ cytotoxic T cells in the tumor microenvironment, systemic expansion of effector T cells and increased soluble granzyme B levels in peripheral blood;

2) Favorable changes in the trajectory of tumor progression;

3) Decreased tumor size of target lesions in most patients; and

4) Reduced size of uninjected tumor lesions.

The CAN-2409 immunotherapy antitumor strategy aims to increase the number of long survivors beyond 10 to 13 months.

As previous work has shown that progressive disease could be converted into stable disease in most patients with non-small cell lung cancer after CAN-2409 treatment, the hypothesis is that this will translate into improved survival.

When it comes to pancreatic cancer, the company reported notable improvements in patients with borderline resectable pancreatic ductal adenocarcinoma (PDAC) after experimental treatment with CAN-2409. The estimated overall survival rate was 71.4% at 24 months in CAN-2409-treated patients versus only 16.7% in the control arm after chemoradiation.

In 2023, CAN-2409 received Fast Track Designation for both non-small cell lung cancer and pancreatic cancer, a validation from the FDA on its potential. CAN-2409 plus valacyclovir in combination with continued PD-1/PD-L1 agents is being evaluated in an ongoing, open-label phase 2 clinical trial in patients with late-stage NSCLC and an inadequate response to anti-PD(L)-1 therapy. In 2024, CAN-2409 also received Orphan Drug Designation from the FDA for CAN-2409 in borderline resectable pancreatic cancer.

In the upcoming year, Candel plans to announce data readouts for the following:

1) Phase 2 topline overall survival (OS) data for CAN-2409 in NSCLC, expected in Q2 2024;

2) Phase 2 topline data for CAN-2409 in low-to-intermediate-risk, localized, non-metastatic prostate cancer, expected in Q4 2024;

3) Phase 3 topline data for CAN-2409 in localized intermediate/high-risk prostate cancer, expected in Q4 2024.

Featured photo by National Cancer Institute on Unsplash.

Candel is a clinical stage biopharmaceutical company focused on developing off-the-shelf multimodal biological immunotherapies that elicit an individualized, systemic anti-tumor immune response to help patients fight cancer. Candel has established two clinical stage multimodal biological immunotherapy platforms based on novel, genetically modified adenovirus and herpes simplex virus (HSV) gene constructs, respectively. CAN-2409 is the lead product candidate from the adenovirus platform and is currently in ongoing clinical trials in non-small cell lung cancer (NSCLC) (phase 2), borderline resectable pancreatic cancer (phase 2), and localized, non-metastatic prostate cancer (phase 2 and phase 3). CAN-3110 is the lead product candidate from the HSV platform and is currently in an ongoing investigator-sponsored phase 1 clinical trial in recurrent high-grade glioma (HGG). Finally, Candels enLIGHTEN Discovery Platform is a systematic, iterative HSV-based discovery platform leveraging human biology and advanced analytics to create new viral immunotherapies for solid tumors.

This article includes certain disclosures that contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, express or implied statements regarding the timing and advancement of development programs, including the timing and availability of additional data, key data readout milestones, including CAN-3110 in HGG; expectations regarding the potential benefits conferred by Fast Track Designation; expectations regarding the therapeutic benefit of its programs, including the potential for its programs to extend patient survival; and expectations regarding cash runway and expenditures. The words may, will, could, would, should, expect, plan, anticipate, intend, believe, estimate, predict, project, potential, continue, target and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on managements current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, those risks and uncertainties related to the timing and advancement of development programs; expectations regarding the therapeutic benefit of the Companys programs; that final data from our pre-clinical studies and completed clinical trials may differ materially from reported interim data from ongoing studies and trials; the Companys ability to efficiently discover and develop product candidates; the Companys ability to obtain and maintain regulatory approval of product candidates; the Companys ability to maintain its intellectual property; the implementation of the Companys business model, and strategic plans for the Companys business and product candidates, and other risks identified in the Companys SEC filings, including the Companys most recent Quarterly Report on Form 10-Q filed with the SEC, and subsequent filings with the SEC. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Any forward-looking statements contained in this press release represent the Companys views only as of the date hereof and should not be relied upon as representing its views as of any subsequent date.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

Contact Details

Aljanae Reynolds

+1 617-916-5445

areynolds@wheelhouselsa.com

Company Website

https://www.candeltx.com/

View source version on newsdirect.com: https://newsdirect.com/news/candel-therapeutics-nasdaq-cadl-lead-candidate-can-2409-combats-lung-pancreatic-and-prostate-cancers-with-fast-track-designation-for-three-cancers-458506267

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Press Release

CoinRabbit Wins “Best Crypto Lending Platform 2026” Award from International Business Magazine

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Toronto, Canada, September 4th, 2026, Chainwire

CoinRabbit has been named Best Crypto Lending Platform 2026 by International Business Magazine, highlighting a lending product that has issued more than $1.45 billion in loans since 2020.

About the International Business Magazine Award

The International Business Magazine Awards recognize companies and executives making a significant impact across global industries. The selection process combines public nominations with jury review, with nominees assessed on their work, progress, and contribution to their respective industries.

For CoinRabbit, the award comes at an important stage in the company’s development. It is moving beyond borrowing against crypto and building a broader ecosystem for managing digital-asset capital.

Why CoinRabbit Was Named the Best Crypto Lending Platform

The Best Crypto Lending Platform 2026 award recognizes the work CoinRabbit has put into its ecosystem. The platform provides borrowers with fast access to liquidity and confidence that their funds remain secure. CoinRabbit maintains a clear no-rehypothecation policy, giving clients greater certainty that their collateral is not being reused or lent out elsewhere.

That focus on a predictable borrowing experience has remained central as CoinRabbit has expanded the product. There is no traditional credit check because crypto collateral does the underwriting, and the lending process takes about 10 minutes whether a client is borrowing a few hundred dollars or managing a six-figure position.

The award jury also highlighted CoinRabbit’s Private Program as a high-touch approach for clients with significant balances. Designed for portfolios of $500,000 and above, it offers a more personalized way to manage assets around each client’s financial goals, liquidity needs, and timing. As part of CoinRabbit’s broader digital-asset ecosystem, the program gives clients a more private banking-style experience.

Capital Preservation at the Core

CoinRabbit is expanding into capital management, but lending remains at the core of the business. By giving clients access to liquidity without a need to sell their crypto, it helps preserve capital and keep assets invested for the long term.

Walter Barrett, Chief Strategy & Growth Officer at CoinRabbit, commented:

“We’ve spent years building and refining the product, and it’s rewarding to see that work recognized. At the same time, CoinRabbit is becoming more than just a lending platform. With the Private Program, we’re bringing a private credit approach to managing crypto. Clients can work directly with a success manager to find the right strategy for their needs, with a more tailored way to build crypto capital. We also continue to improve the core lending product, keeping it simple. For us, the goal is to make both sides of the business stronger as we grow.”

As CoinRabbit evolves, capital preservation remains a central idea behind the company’s products and services.

About CoinRabbit

CoinRabbit is a crypto asset management platform built for long-term capital preservation. It provides flexible liquidity management across multiple environments. Instant payments and lending, yield and trading products, and also the Private Program are available from a single platform. Since 2020, CoinRabbit has maintained a 100% capital reserve model, ensuring that client assets are fully reserved and never rehypothecated.

Contact

CoinRabbit
marketing@coinrabbit.io

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Press Release

Liquid Mercury Announces Initial Closing of ACQUA1 Offering

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Chicago, United States, September 4th, 2026, Chainwire

Liquid Mercury today announced that ACQUA1, LLC completed the initial closing of its MERC exchange offering on September 1, 2026.

ACQUA1 is a Liquid Mercury subsidiary that operates Liquid Mercury’s Lab Company program, licensing Liquid Mercury technology to companies primarily tokenizing real-world assets and receiving fees plus a minority equity stake in return. Liquid Mercury is the majority holder and Manager.

“Over the past 18 months, dozens of companies have approached Liquid Mercury seeking to tokenize their assets,” said Tony Saliba, CEO and founder of Liquid Mercury. “Many assumed they would need to raise capital and build this infrastructure from scratch. Licensing Mercury RWA lets them launch on systems that were already live and proven, at a fraction of the time and cost. ACQUA1 token holders now own a slice of the business that earns equity, plus fees from the companies in the Lab Company program.”

Verified accredited investors subscribed by exchanging MERC for non-voting Class B units of ACQUA1 at the initial conversion rate of 10 MERC per unit. Under its operating agreement, ACQUA1 must burn 100% of the MERC it receives at each closing within five business days and may not transfer, trade, lend, stake, pledge, or otherwise deploy it. 

On September 2, all 563,230,000 MERC received at the initial closing were burned via a transfer to the dead address, as the offering documents require.

Initial Closing Highlights

  • Initial closing: September 1, 2026
  • MERC burned: 563,230,000
  • Transferred to the dead address September 2, 2026
  • Units issued: 56,323,000
  • Non-voting Class B units of ACQUA1, LLC under Rule 506(c) of Regulation D
  • 10 MERC per unit
  • Evidenced on-chain by ACQUA1-C tokens
  • ACQUA1-C tokens convert one-for-one into ACQUA1 tokens upon issuance
  • Remaining closings: On or about October 30 and December 31, 2026
  • ACQUA1 may skip or terminate at its discretion
  • The conversion rate at subsequent closings may differ

Verification Links

Burn transaction

ACQUA1-C contract

Verified accredited investors can request full terms at acqua1.liquidmercury.com/contact.

About Liquid Mercury

Liquid Mercury powers professional crypto trading and digital asset marketplaces. The company delivers institutional-grade infrastructure, access to deep liquidity, and best-in-class trading tools and workflow automation across its Pro, OTC, and RWA platforms. Through Mercury RWA, Liquid Mercury is extending that infrastructure into tokenized real-world assets, with $MERC serving as the access and platform layer token. For more information, visit www.liquidmercury.com.

Investor Notice

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Class B units of ACQUA1, LLC and the ACQUA1 tokens representing them are offered and sold in reliance on the exemption from registration provided by Rule 506(c) of Regulation D under the Securities Act of 1933, solely to verified accredited investors as defined in Rule 501(a) of Regulation D, and solely pursuant to ACQUA1’s confidential private placement memorandum, as supplemented, and definitive subscription documents, which contain important information, including risk factors. ACQUA1 tokens are restricted securities, are subject to transfer restrictions under ACQUA1’s operating agreement and may remain illiquid indefinitely; investors should not assume that Rule 144 will be available. Statements regarding future revenues, valuations, portfolio performance, and subsequent closings are forward-looking and subject to risks and uncertainties; actual results may differ materially. The MERC contract has no burn function; tokens are removed from circulation by transferring to the dead address. Supply outstanding excluding the dead address is 5,436,770,000 MERC, as of the date of publication.

Contacts

Director
Kent Egan
Liquid Mercury
ke@liquidmercury.com
Director
Ryan Hansen
Liquid Mercury
hansenr@liquidmercury.com

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Press Release

Cracking 1.33 Trillion Daily Tokens: B.AI Powers the “AI Grid” with Full-Stack Infrastructure to Fuel the Agentic Era

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Singapore – B.AI, a next-generation AI infrastructure platform, recently set off a developer frenzy by offering free access to top-tier models. Within days, daily token throughput across the platform crossed 1.33 trillion—a historic milestone. 

The record-breaking figure underscores the campaign’s explosive rollout, but it marks only the first step in B.AI’s broader strategic roadmap. Moving beyond traditional compute distribution pipelines, B.AI aims to build the global settlement layer for intelligence: a core infrastructure hub engineered to power cross-node collaboration, orchestration, and value distribution for AI agents across complex business workflows. 

Positioning itself strategically above all models, below all agents, B.AI deeply integrates a diverse range of top-tier models with full-stack components, laying an unshakable, irreplaceable foundation for the mass adoption of autonomous agents and the productivity boom that follows.

Daily Token Throughput Tops 1.33 Trillion: B.AI’s Free Access Rollout Fuels Usage Boom

B.AI’s recent move to open free access to premium AI models has captivated developers and quickly taken over industry conversations. The push for accessible compute has not only fueled a surge in platform activity but also shattered usage records. 

In a matter of days, soaring API demand pushed the platform’s daily token throughput past a staggering 1.33 trillion. Over a 15-day window, cumulative volume reached 8.19 trillion tokens, drawing in more than 220,000 new API users. As of September 3, B.AI’s total user base had officially surpassed 2.3 million. 

That massive adoption traces directly to the platform’s zero-cost model lineup, a strategic rollout built to erase developers’ cost concerns. With every barrier removed, B.AI now offers unlimited free access to six leading frontier models: DeepSeek-V4-Flash, DeepSeek-V4-Flash-Vision-Exp, Tencent Hy3, Xiaomi MiMo-V2.5, GLM-5.3-Flash (Ox Alpha), and Qwen3.8-Flash. 

Notably, on September 3, B.AI rolled out a new pricing structure for DeepSeek-V4-Flash and DeepSeek-V4-Flash-Vision-Exp, introducing tiered discounts. Developers now receive a 50% discount during peak hours, with off-peak rates dropping to just 25% of standard peak pricing. At the same time, the platform has kept zero-cost access in place for GLM-5.3-Flash (Ox Alpha), Qwen3.8-Flash, Tencent Hy3, and Xiaomi MiMo-V2.5. Despite the shift toward commercialization, developer momentum hasn’t wavered, with platform-wide token throughput continuing its steady climb.

This sustained momentum proves the campaign was far more than a short-term compute giveaway—it is a bellwether for the broader evolution of AI infrastructure. Cracking 1.33 trillion daily tokens makes one thing clear: AI applications are moving past basic chatbots. Powered by a high-performance technical stack and flexible service mechanics, B.AI is laying the groundwork for the next frontier—autonomous AI agents operating at scale. 

Powering the “AI Grid”: B.AI Anchors the Global Settlement Layer for the Agent Economy

For B.AI, democratizing compute is only the prelude. Looking further ahead, the platform is committed to building full-stack infrastructure for the agentic era, cementing its position as the global settlement layer for intelligence.

In the agent era, a typical agent task calls for constant switching between models. No single provider can power a complete workflow on its own, so developers are left juggling fragmented API protocols, disjointed billing systems, and conflicting rate limits. 

B.AI’s settlement layer bridges this exact gap. Positioned strategically “above all models, below all agents,” B.AI abstracts models across different providers, capabilities, and cost structures into a unified pool of schedulable resources.

Powered by a dual-tier API structure offering official-route reliability alongside lowest-cost custom channels, developers can choose between guaranteed direct connections and deeply discounted options across a broad lineup of models. Combined with smart routing on the Chat interface, B.AI operates as a full-stack “AI grid,” ensuring every agent request lands on the optimal model to deliver reliable performance at maximum cost-efficiency. 

On the settlement front, this power grid seamlessly bridges both Web2 and Web3 models. For Web2, developers can rely on familiar traditional payment methods to top up with minimal friction. For Web3, B.AI leverages on-chain payment rails to offer global developers decentralized, verifiable, and low-friction payment options.

With dual payment systems running in parallel, B.AI enables developers and agent applications across any infrastructure setup to find their optimal settlement path on the grid, providing single-point integration with borderless global reach. 

Driving Core Productivity: B.AI Reshapes Agent Collaboration

Beyond building a foundation for compute routing and global settlement, B.AI is moving past base infrastructure to power real-world productivity. By enabling seamless agent collaboration across complex workflows, it delivers the missing execution layer for the agent economy. 

At the heart of this execution layer is native Codex integration. Full compatibility with the Responses API means developers can now use a single B.AI key inside Codex to run flagship GPT models and DeepSeek favorites side by side. 

Engineers can now bring these powerhouse models straight into their daily dev stack. From code generation and reasoning to debugging and refactoring, B.AI unifies the entire workflow under one roof—delivering a direct line from model selection to shipped code. 

Beyond coding, to keep agents running reliably in real-world production at scale, B.AI has built a full-stack infrastructure powered by five core components, equipping agents with a fine-tuned operational engine:

  • x402 Payment Protocol: Introduces an innovative “pay-before-response” model that executes high-frequency, on-chain micro-settlements in the background during cross-agent API calls and compute orchestration.
  • 8004 Identity Protocol: Issues verifiable on-chain credentials for every agent, logging execution history and credit scores to establish a reliable layer of trust for cross-node collaboration.
  • Skills Matrix: Plug-and-play, standardized building blocks that interface directly with MCP servers to equip agents with instant, modular tool-calling capabilities.
  • BAIclaw and BAIcode: Built-in platform assistants engineered for end-to-end execution. BAIclaw manages all-in-one terminal operations and multi-agent workflows, while BAIcode serves as an advanced developer engine that streamlines the full pipeline from task analysis and architecture design to coding and testing.

From the token surge sparked by zero-cost model access to its positioning as the global settlement layer for intelligence; from seamless Codex integration to full-stack infrastructure powered by x402, 8004, Skills, and native assistants—B.AI delivers far more than a battle-tested technical stack; it unveils a clear blueprint for what lies ahead. B.AI is building not just accessible compute today, but the definitive launchpad for a thriving agent economy. The future is here—and this is only the beginning.

B.AI Team
support@b.ai

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