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Business

Start-up to develop radiotherapeutics

by Michael McCoy
March 6, 2017 | A version of this story appeared in Volume 95, Issue 10
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Fusion Pharmaceuticals has launched to develop α-particle radiotherapeutics for treating cancer. The new firm, based in Hamilton, Ontario, received $25 million in series A financing from Johnson & Johnson and other investors. Fusion was founded by John Valliant, a chemist who also founded the Centre for Probe Development & Commercialization at Canada’s McMaster University. Fusion’s lead product, FPX-01, will deliver actinium-225 to tumor cells with the help of a centyrin-based targeting molecule from J&J’s Janssen Biotech unit.

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