Aktis Oncology Raises USD 84 Million To Advance Novel Targeted Alpha Radiopharmaceuticals
Aktis Oncology has raised an additional USD 84 million in its Series A round, adding to the USD 72 million raised last year to help bring its radiopharmaceuticals to market. The extension to the first round included Merck's venture capital arm and other investors (BMS and Novartis were already on board), bringing the total raised by the Massachusetts biotech to USD 161 million. To deliver highly localized radiotherapy to tumors, Aktis' technology platform employs alpha radiation, which has limited penetrating power.
The company's drugs are designed to target receptors on tu...