Are there any upcoming clinical trial milestones that could significantly move the stock price?
Short answer:
The brief news excerpt you provided does not list any specific upcoming clinicalâtrial milestones (e.g., data readâouts, doseâescalation decisions, or regulatory filings). Therefore, based solely on the information in the release, we cannot point to a particular trial event that is expected to move the stock price in the near term.
Why the answer is limited by the provided information
- What the release contains: The GlobeNewswire announcement tells us that Calidi Biotherapeutics (tickerâŻCLDI) has posted its Q2âŻ2025 operating and financial results and âreviewed recent business highlights.â
- What is missing: The excerpt does not name any ongoing or upcoming clinicalâtrial programs, nor does it give dates for interim analyses, primaryâendpoint readâouts, or filing deadlines (e.g., IND, NDA, or BLA submissions).
Because the question asks whether any upcoming trial milestones could âsignificantly move the stock price,â we need concrete milestone dates or data releases to assess the potential impact. Without those details, any speculation would be unfounded.
How to find the relevant milestones
Read the full Calidi Q2âŻ2025 earnings release (usually posted on the companyâs investorârelations website or on the GlobeNewswire page).
- Companies typically list âKey Upcoming Milestonesâ in the âManagement Discussion & Analysisâ or in a âMilestonesâ table.
- Look for items such as:
- PhaseâŻ2/PhaseâŻ3 data readâouts for the lead programs (e.g., CLDIâ001, CLDIâ002, etc.).
- Regulatory filing dates (e.g., IND, NDA, or BLA submissions to the FDA or EMA).
- Patient enrollment targets and expected completion dates for ongoing trials.
- Corporateâdevelopment events (e.g., partnership announcements, licensing deals).
- Companies typically list âKey Upcoming Milestonesâ in the âManagement Discussion & Analysisâ or in a âMilestonesâ table.
Check the companyâs investor presentations (often a âQuarterly Updateâ slide deck accompanies earnings releases). These decks frequently include a timeline of upcoming milestones.
Monitor the âEvents & Presentationsâ calendar on Calidiâs investorârelations site. Upcoming conference calls, investor days, or scientific meetings where data will be presented are also catalysts.
Search the SEC filings (e.g., FormâŻ8âK, 10âQ) around the same date. Companies are required to disclose material events, and any new trial enrollment updates or dataârelease plans are usually filed there.
Typical milestones that could move a clinicalâstage biotechâs stock
Even though we canât confirm any specific dates for Calidi, hereâs a list of the kinds of trial events that historically have the greatest impact on share price for companies in this space:
Milestone Type | Why it matters | Typical price impact |
---|---|---|
Primaryâendpoint data readâout (PhaseâŻ2 or PhaseâŻ3) | First definitive evidence of efficacy and safety. | Large moves (+10â30âŻ% if positive; â15â40âŻ% if negative). |
Interim analysis (e.g., DSMB safety or efficacy) | Early signal that can deârisk or raise concerns. | Moderate moves (±5â15âŻ%). |
Regulatory filing (e.g., IND, NDA/BLA submission) | Signals readiness to seek approval. | Positive filings can lift (+5â20âŻ%); rejections or delays can depress (â10â30âŻ%). |
Milestoneâbased partnership or licensing deal | Brings cash, validation, and broader development resources. | Typically +5â15âŻ% on news. |
Completion of patient enrollment | Removes a major execution risk; often precedes data readâout. | Usually modest (+3â10âŻ%). |
Safetyâsignal or adverseâevent reporting | Can dramatically alter risk profile. | Can cause sharp declines (â20â50âŻ%). |
If any of Calidiâs lead programs are slated to hit one of the above events in the next 3â6âŻmonths, that would be the âsignificantâ catalyst the question is looking for.
What to do next
- Locate the full Q2âŻ2025 earnings release (search âCalidi Biotherapeutics Q2 2025 resultsâ on the companyâs website or on GlobeNewswire).
Identify any âUpcoming Milestonesâ tableâthe company often lists dates for:
- PhaseâŻ2 readâouts for CLDIâ001 (or whichever program is the lead).
- PhaseâŻ3 initiation or dataâreadâout for the nextâgeneration platform.
- Regulatory interactions with the FDA (e.g., TypeâŻ2 meeting, IND filing).
- PhaseâŻ2 readâouts for CLDIâ001 (or whichever program is the lead).
Crossâcheck those dates with the calendar to see how soon they fall (e.g., a PhaseâŻ2 readâout in September 2025 would be a nearâterm catalyst).
If you find, for example, that a PhaseâŻ2 primaryâendpoint data set for the companyâs flagship geneâdelivery platform is expected in Q4âŻ2025, that would be a clear, highâimpact milestone. Conversely, if the next major data point is not until 2026, the shortâterm priceâmove potential is limited.
Bottom line
- Based on the excerpt you posted: No explicit upcoming clinicalâtrial milestones are mentioned, so we cannot point to a specific event that will âsignificantly move the stock price.â
- Actionable step: Review the complete Q2âŻ2025 earnings release (or the associated investor presentation/SEC filing) to locate any listed upcoming trial dates or regulatory filings. Those datesâif they fall within the next few monthsâare the likely catalysts that could drive the CLDI share price.
If you can share the full press release or the âMilestonesâ table, I can provide a more precise analysis of which specific trial events are expected and how they historically affect the stock.