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Aktis Oncology has raised $84 million to advance the use of alpha emitters as radiopharmaceuticals for cancer. The fundraising is an extension of Aktis’s March 2021 series A financing of $72 million. The big drug firms Novartis and Bristol Myers Squibb participated both times, and Merck & Co. is a new investor. Separately, Aktis says it has signed supply agreements for actinium-225, an alpha emitter, with three medical radioisotope producers: NorthStar Medical Radioisotopes, Niowave, and TerraPower.
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