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Friday, June 5, 2020

Fusion Pharmaceuticals readies IPO

The Boston, MA-based onclogy company develops next-generation radiopharmaceuticals as precision medicines based on its proprietary platform called Targeted Alpha Therapies (TAT) and its proprietary Fast-Clear linker technology.
Lead candidate is FPI-1434, a humanized monoclonal antibody targeting the insulin-like growth factor 1 receptor (IGF-1R), a well-established tumor target, linked to isotope actinium-225.
2019 Financials: Operating Expenses: $18.2M (+80%); Net Loss: ($16.2M) (-38%); Cash Burn: ($13.7M) (-38%).
https://seekingalpha.com/news/3580912-fusion-pharmaceuticals-readies-ipo

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