Cidara Therapeutics: Strong Buy On Imminent Data Readout For Lead Flu Candidate

  • We initiate coverage on Cidara Therapeutics with a Strong Buy rating due to its strategic pivot to antiviral CD388 and promising Phase 2b trial data. Rezafungin's successful approval and divestiture to Mundipharma validate Cidara's development capabilities and free resources for advancing CD388. CD388 shows potential for season-long influenza protection, with promising Phase 2a data and a well-funded Phase 2b trial targeting high-risk patients.