Recent Updates
Recently added Catalysts
CLDI Positive Sentiment Score: 75/100

Calidi Biotherapeutics Presents Data on its New Approach to Bispecific T-Cell Engagers (BiTEs) Using its RedTail Platform at the 2026 AACR-IO Conference

Key Takeaway: Calidi Biotherapeutics presented promising data on its RedTail platform for BiTEs at the AACR-IO conference. The platform aims to enhance T-cell activation in solid tumors by delivering therapeutic payloads directly within the tumor microenvironment. The lead candidate, CLD-401, is currently in IND-enabling studies, with an IND application expected by the end of 2026.
Price reaction · baseline $0.7317 (2026-02-19 close) · hit pre-market · clean, no other CLDI news in the window
day 0 close
+8%
day 1
+3.2%
day 3 · peak
+12.1%

Market Sentiment Analysis

POSITIVE FACTORS

  • Calidi's RedTail platform shows promise in targeting solid tumors.
  • The ability to express BiTEs and IL-15 SA simultaneously is innovative.
  • Calidi is advancing its pipeline with a focus on high unmet medical needs.

CONCERNS & RISKS

  • The success of the platform in clinical trials is still uncertain.
  • Potential risks related to capital raising for clinical trials.
  • FDA approval for therapeutic candidates is not guaranteed.

Full Press Release Details

SAN DIEGO, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Calidi Biotherapeutics, Inc. (NYSE American: CLDI) (“Calidi” or the “Company”), a biotechnology company pioneering the development of targeted genetic medicines, today presented data on its novel approach to the use of BiTEs in solid tumors by utilizing its systemically delivered RedTail platform at the AACR Immuno-Oncology (AACR-IO) conference being held in Los Angeles, California. A link to the poster is availablehereand on the company’s website.
RedTail is Calidi’s systemically delivered virotherapy platform designed to selectively target tumors, remodel the tumor microenvironment (TME), and enable high-level expression of therapeutic genetic payloads directly within the tumor. CLD-401, the lead candidate derived from the RedTail platform, is engineered to express high levels of IL‑15 superagonist (IL-15 SA), a known T-cell activator, in the TME.
In data presented at the meeting, Calidi demonstrated RedTail viruses that could express both a functional BiTE, capable of binding targeted solid tumor cells, and IL-15 SA at high concentrations, allowing for simultaneous alteration of the TME and T-cell activation and introduction into the TME of a solid-tumor targeting BiTE. BiTEs have shown exceptional efficacy in hematological malignancies but have failed to show clinical benefit in solid tumors where the TME inhibits T-cell activity. By remodeling the TME and driving T-cell activation while expressing a tumor-localized BiTE, RedTail may overcome the historical limitations of BiTEs in solid tumors.
“The RedTail platform allows for the systemic and targeted delivery of genetic payloads to distal sites of disease,” said Eric Poma, PhD, Chief Executive Officer of Calidi. “Once at the target, RedTail can induce high levels of expression of one or more genetic payloads, representing a major advance in the delivery of genetic medicines.”
“The data presented today highlight the ability of the RedTail platform to functionally overexpress complex biologics likes BiTEs and cytokines directly within the tumor microenvironment,” said Antonio F. Santidrian, PhD, Chief Scientific Officer and Head of Technical Operations at Calidi. “Simultaneous tumor-localized expression of a T-cell activator and BiTE via RedTail can remodel the TME to allow for T-cell engagement precisely where it is needed.”
Calidi is currently conducting IND-enabling studies with CLD-401, the first lead candidate from its RedTail platform. The company anticipates submitting an Investigational New Drug (IND) application for CLD-401 by the end of 2026. The Company continues to expand the functionality of the RedTail platform and is also actively pursuing strategic partnerships to accelerate clinical development and broaden the impact of its RedTail platform.

About Calidi

Calidi Biotherapeutics (NYSE American: CLDI) is a biotechnology company pioneering the development of targeted therapies with the potential to deliver genetic medicines to distal sites of disease. The company’s proprietary Redtail platform features an engineered enveloped oncolytic virus designed for systemic delivery and targeting of metastatic sites. This advanced enveloped technology is intended to shield the virus from immune clearance, allowing virotherapy to effectively reach tumor sites, induce tumor lysis, and deliver potent genetic medicine(s) to metastatic locations.
CLD-401, the lead candidate from the Redtail platform, currently in IND-enabling studies, targets non-small cell lung cancer, head and neck cancer, and other tumor types with high unmet medical need. Calidi continues to advance its pipeline utilizing the Redtail platform including its novel approach to incorporate BiTEs in solid tumors.
Calidi Biotherapeutics is headquartered in San Diego, California. For more information, please visit www.calidibio.com or view Calidi’s Corporate Presentationhere.

Forward-Looking Statements

This press release may contain forward-looking statements for purposes of the “safe harbor” provisions under the United States Private Securities Litigation Reform Act of 1995. Terms such as “anticipates,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predicts,” “project,” “should,” “towards,” “would” as well as similar terms, are forward-looking in nature, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements concerning key milestones, including certain pre-clinical data, planned clinical trials, and statements relating to the safety and efficacy of Calidi’s therapeutic candidates in development. Any forward-looking statements contained in this discussion are based on Calidi’s current expectations and beliefs concerning future developments and their potential effects and are subject to multiple risks and uncertainties that could cause actual results to differ materially and adversely from those set forth or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that Calidi is not able to raise sufficient capital to support its current and anticipated clinical trials, the risk that early results of clinical trials do not necessarily predict final results and that one or more of the clinical outcomes may materially change following more comprehensive review of the data, and as more patient data becomes available, the risk that Calidi may not receive FDA approval for some or all of its therapeutic candidates. Other risks and uncertainties are set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s annual report filed with the SEC on Form 10-K on March 31, 2025, as may be amended or supplemented by other reports we file with the SEC from time to time. We disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

For Investors:

Frequently Asked Questions

What is the RedTail platform developed by Calidi?

The RedTail platform is a virotherapy system designed to target tumors and deliver genetic medicines directly within the tumor microenvironment.

What is CLD-401?

CLD-401 is the lead candidate from Calidi's RedTail platform, engineered to express IL-15 superagonist for T-cell activation in solid tumors.

When does Calidi plan to submit the IND application for CLD-401?

Calidi anticipates submitting the IND application for CLD-401 by the end of 2026.

What are BiTEs and their significance in cancer treatment?

BiTEs are bispecific T-cell engagers that have shown efficacy in hematological malignancies but face challenges in solid tumors due to the tumor microenvironment.

What challenges does Calidi face in its clinical development?

Calidi faces risks related to capital raising for clinical trials and uncertainties regarding FDA approval for its therapeutic candidates.

Last updated: Feb 20, 2026