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Oncology

Radiopharma firm ITM raises $109 million

by Ryan Cross
April 30, 2021 | A version of this story appeared in Volume 99, Issue 16
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The German radiopharmaceutical company Isotopen Technologien München (ITM) has raised $109 million through a convertible loan financing to advance its cancer drug programs. ITM’s lead product is a radionucleotide that uses the peptide edotreotide to deliver lutetium-177 to cancer cells. The therapy, called Solucin, is in a Phase 3 clinical trial for people with neuroendocrine tumors. ITM also has preclinical programs pairing lutetium-177 with tumor-targeting molecules for other kinds of cancer.

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