Candid Therapeutics

San Diego, CA Biotech & Pharma Acquired

Candid Therapeutics is a clinical-stage biotechnology company developing novel T-cell engager (TCE) bispecific antibodies for autoimmune and inflammatory diseases. Founded in 2024 by Ken Song, the company combines assets from Vignette Bio and TRC 2004 to advance a pipeline of differentiated TCE therapies, with lead asset cizutamig in Phase 1 clinical studies.

Acquired

Candid Therapeutics has been acquired

Acquired by UCB (Union Chimique Belge) May 3, 2026 $2.0B upfront + $200M milestones

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2024

Total Funding

$370M

1 rounds

Funding

Total raised $370M across 1 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series A

Date

September 9, 2024

Amount

$370M

Valuation

Lead Investors

Venrock Healthcare Capital PartnersFairmountTCGXvenBio Partners

Leadership

  • Ken Song

    Chairman, President & CEO

    LinkedIn
  • Tim Lu

    Chief Medical Officer & Chief Scientific Officer

  • Arvind Kush

    Chief Financial Officer & Chief Business Officer

  • Bernie Huyghe

    Chief Technology Officer

  • Peter Wung

    Senior Vice President, Clinical Development

  • David Luo

    Senior Vice President, Clinical Operations

  • Angie You

    Board Member

  • Dan Puckett

    Board Member

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Gritstone bio

    Immuno-oncology company developing cancer vaccines and cellular therapies

  • Abbvie

    Multinational biopharmaceutical company with T-cell engager programs in autoimmune diseases

  • Amgen

    Large biotechnology company with bispecific antibody programs

  • Eli Lilly

    Multinational pharmaceutical company with immunology and bispecifics portfolio

  • Jounce Therapeutics

    Immunotherapy company developing checkpoint inhibitors and T-cell engagers

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