“The increase in net cash used in operating activities was primarily due to an increase in research and development expenses related to barzolvolimab, partially offset by an increase in accounts payable during the six months ended June 30, 2026.”10-Q · Aug 6, 2026 ↗
Celldex Therapeutics, Inc.
CLDX
Market read
Celldex Therapeutics, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
- Reported $18.0M increase in product development expenses tied to barzolvolimab, which contributed to a $24.9M increase in net loss for the quarter.
Invalidation: The isolated read changes if CLDX's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Reported $18.0M increase in product development expenses tied to barzolvolimab, which contributed to a $24.9M increase in net loss for the quarter.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- Latest annual revenue changed -78.0% year over year.
- Operating margin changed -15820.9 percentage points in the latest annual period.
- Net margin changed -14499.3 percentage points in the latest annual period.
- Diluted shares increased 3.1% in the latest annual period.
- Product pipeline and R&D has repeated adverse evidence across 5 filings.
- EV/sales is 10628% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
36.89Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Benefit expense for the 401(k) Plan was $ 0.6 million, $ 0.5 million and $ 0.5 million for the years ended December 31, 2025, 2024 and 2023, respectively.”10-K · Feb 25, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1586.0× · EV/sales 1567.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CLDX. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for CLDX. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind CLDX
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
ABBVAbbVie Inc.competitorFeb 25, 2026 ▾
“The following table is a summary of the competitors of which we are aware that have initiated a Phase 3 study or have obtained marketing approval for a potentially competitive drug to barzolvolimab for treatment of CSU, CIndU, PN and AD.”
INCYIncyte CorporationcompetitorFeb 25, 2026 ▾
“The following table is a summary of the competitors of which we are aware that have initiated a Phase 3 study or have obtained marketing approval for a potentially competitive drug to barzolvolimab for treatment of CSU, CIndU, PN and AD.”
LLYEli Lilly and CompanycompetitorFeb 25, 2026 ▾
“The following table is a summary of the competitors of which we are aware that have initiated a Phase 3 study or have obtained marketing approval for a potentially competitive drug to barzolvolimab for treatment of CSU, CIndU, PN and AD.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CLDX is currently a Follower in the organic co-movement group Biotechnology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for CLDX; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.