Cidara Therapeutics, INC
Market Movers (8-K)
Cidara Therapeutics, Inc. has completed its merger with Merck Sharp & Dohme LLC, becoming a wholly-owned subsidiary.
Merck will acquire Cidara Therapeutics for $221.50 per common share, totaling approximately $9.2 billion, to expand its respiratory portfolio with late-phase antiviral agent CD388.
Better than expected
Delay expected
Cidara Therapeutics reported its third quarter 2025 financial results and provided a corporate update, highlighting an expanded and accelerated Phase 3 plan for its influenza preventative therapeutic, CD388.
Worse than expected
Capital raise
Cidara Therapeutics entered a BARDA agreement for up to $339.2 million to advance manufacturing and clinical development of its non-vaccine influenza preventative therapeutic, CD388.
Cidara Therapeutics announced an accelerated and expanded Phase 3 trial for its influenza prophylactic CD388, significantly increasing the potential patient population.
Cidara Therapeutics announced positive Phase 2b trial results for its influenza preventative CD388, significantly strengthening its balance sheet with a $402.5 million public offering.
Capital raise
Better than expected
Quarterly Earnings (10-Q)
Cidara Therapeutics reports positive Phase 2b results for its lead influenza drug CD388, secures up to $339.2 million in BARDA funding, and initiates a Phase 3 trial, bolstering its financial runway despite continued net losses.
Capital raise
Better than expected
Cidara Therapeutics announced positive topline results from its Phase 2b NAVIGATE study for CD388, its influenza antiviral candidate, and reported a significantly strengthened cash position.
Better than expected
Capital raise
Cidara Therapeutics reports a net loss for Q1 2025, shifting its focus to the development of CD388 for influenza prophylaxis.
Worse than expected
Capital raise
Cidara Therapeutics reacquired full rights to its influenza drug candidate CD388 and divested its commercial product Rezafungin to focus on its Cloudbreak platform.
Worse than expected
Capital raise
Cidara Therapeutics reacquired global rights to CD388, its influenza drug candidate, and secured $240 million in a private placement to fund its development.
Worse than expected
Capital raise
Cidara Therapeutics divested its rezafungin assets, reacquired CD388, and reported a net loss of $10.3 million for the first quarter of 2024, while shifting focus to its Cloudbreak platform.
Worse than expected
Capital raise
Annual Reports (10-K)
Cidara Therapeutics focuses on CD388 development after divesting rezafungin, reporting a net loss of $169.8 million for fiscal year 2024.
Capital raise
Worse than expected
Cidara Therapeutics has filed its annual 10-K report, highlighting the commercial launch of REZZAYO, advancements in its Cloudbreak platform, and ongoing clinical trials.
Delay expected
Capital raise
Worse than expected
Insider Trading (Form 4)
RA Capital Management, L.P. and its affiliates reported the disposition of all their holdings in Cidara Therapeutics, Inc. following its acquisition by Merck.
Cidara Therapeutics director Joshua Resnick's stock options were converted to cash following the company's acquisition by Merck Sharp & Dohme LLC.
Better than expected
Cidara Therapeutics, Inc. completed its merger with a Merck subsidiary, converting all outstanding stock options into cash at $221.50 per common share.
Director James Merson's stock options in Cidara Therapeutics were converted to cash following the company's acquisition by Merck on January 7, 2026.
Better than expected
Cidara Therapeutics director Carin Canale-Theakston's stock options were converted to cash following the company's acquisition by Merck Sharp & Dohme LLC.
Cidara Therapeutics director Bonnie L. Bassler reports disposition of shares and options following the company's acquisition by Merck Sharp & Dohme LLC for $221.50 per common share.
Proxy Statements (Def-14A)
Cidara Therapeutics has filed a definitive proxy statement related to its upcoming shareholder meeting.
Cidara Therapeutics is asking stockholders to vote on proposals including increasing authorized common stock and amending the 2024 Equity Incentive Plan at its upcoming annual meeting.
Capital raise
Cidara Therapeutics has filed a definitive proxy statement related to its upcoming shareholder meeting.
DEF 14A: Cidara Therapeutics Seeks Stockholder Approval for Key Proposals at Upcoming Annual Meeting
Cidara Therapeutics is asking stockholders to vote on several proposals at its annual meeting, including director elections, increasing authorized common stock, and approving a new equity incentive plan.
Capital raise
DEF 14A: Cidara Therapeutics Seeks Stockholder Approval for Reverse Stock Split to Regain Nasdaq Compliance
Cidara Therapeutics is asking stockholders to approve a reverse stock split and a reduction in authorized shares to meet Nasdaq's minimum bid price requirement and increase flexibility for future financing.
Worse than expected
Capital raise
New Public Companies (S-1)
Cidara Therapeutics is registering the resale of 7,041,309 shares of its common stock by selling stockholders after a recent private placement.
Capital raise
Cidara Therapeutics is registering for resale up to 16.8 million shares of its common stock by selling stockholders following a private placement of Series A Preferred Stock.
Capital raise
Schedule 13D - Activist Investments
RA Capital Management reports the completion of the tender offer and merger of Cidara Therapeutics, resulting in its delisting from Nasdaq and RA Capital's full divestment.
Merck Sharp & Dohme LLC's subsidiary, Caymus Purchaser, Inc., will launch a cash tender offer to acquire Cidara Therapeutics, Inc. for $221.50 per common share and $15,505.00 per Series A preferred share.
RA Capital Management and its affiliates reported a dilution of their beneficial ownership in Cidara Therapeutics, Inc. to 10.7% due to new share issuances by the company.
Worse than expected
Capital raise
RA Capital Management and its affiliates report a 13.3% beneficial ownership in Cidara Therapeutics, Inc., holding over 3.3 million common shares.
RA Capital Management and its affiliates have significantly increased their beneficial ownership in Cidara Therapeutics, Inc. to 15.8% of outstanding common stock after investing nearly $100 million in a recent public offering.
Capital raise
Schedule 13G - Passive Investments
Vivo Opportunity entities report zero beneficial ownership in Cidara Therapeutics, Inc. following the completion of a merger on January 7, 2026.
The Vanguard Group has reported a 6.38% beneficial ownership stake in Cidara Therapeutics Inc., holding over 2 million shares of common stock.
SCHEDULE 13G/A: Commodore Capital Discloses 2% Stake in Cidara Therapeutics
Commodore Capital LP and its affiliates have reported a 2.0% beneficial ownership stake in Cidara Therapeutics, Inc., totaling 585,000 shares of common stock.
SCHEDULE 13G/A: Paradigm BioCapital Reports 3.3% Stake in Cidara Therapeutics
Paradigm BioCapital Advisors LP and related entities have reported a 3.3% beneficial ownership stake in Cidara Therapeutics, Inc. as of September 30, 2025.
SCHEDULE 13G/A: Bain Capital Affiliate Boosts Cidara Therapeutics Stake to 9.99%
BCLS Fund III Investments, LP, an affiliate of Bain Capital, has reported a 9.99% beneficial ownership stake in Cidara Therapeutics, Inc. as of September 30, 2025.
SCHEDULE 13G/A: TCG Crossover Divests Entire Cidara Therapeutics Stake
TCG Crossover Fund II, L.P., TCG Crossover GP II, LLC, and Chen Yu have filed an amended Schedule 13G, reporting zero beneficial ownership in Cidara Therapeutics, Inc. common stock.
Worse than expected