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Ahead of Alpharadin Filings, Algeta Seeks $45M Financing

By Cormac Sheridan
Staff Writer

Wednesday, February 15, 2012

With regulatory filings for its prostate cancer therapy, Alpharadin (radium-223 chloride), expected in mid-2012, Algeta ASA is seeking up to NOK260 million (US$45.4 million) in a private placement to enable it to establish a commercial base in the U.S. in advance of a product launch and to continue research and development of its second line of alpha emitters, based on thorium-227.

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