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Perspective Therapeutics Announces Pricing of $175 Million Underwritten Offering of Common Stock and Pre-Funded Warrants
Globenewswire· 2026-02-02 13:35
Core Viewpoint - Perspective Therapeutics, Inc. has announced an underwritten offering of common stock and pre-funded warrants, aiming to raise approximately $175 million to support its clinical development and operational needs [1][3]. Group 1: Offering Details - The company is offering 39,576,088 shares of common stock at $3.79 per share and pre-funded warrants for 6,598,046 shares at $3.789 each, with gross proceeds expected to be around $175 million before expenses [1]. - The offering is set to close on or about February 3, 2026, pending customary closing conditions [1]. Group 2: Investor Participation - Notable investors in the financing include Commodore Capital, TCGX, Spruce Street Capital, Surveyor Capital, Affinity Asset Advisors, HBM Healthcare Investments, and Ally Bridge Group [2]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for advancing clinical development, investing in manufacturing facilities, and general corporate purposes, with potential for acquiring complementary products or technologies [3]. Group 4: Company Overview - Perspective Therapeutics is focused on developing advanced radiopharmaceutical treatments for cancer, utilizing proprietary technology that targets cancer cells with alpha-emitting isotopes [7]. - The company is also working on complementary imaging diagnostics to enhance treatment personalization and efficacy [7]. - Current clinical programs include neuroendocrine tumors, melanoma, and solid tumors, which are in Phase 1/2a trials in the U.S. [8].
Perspective Therapeutics Provides Business Updates and Strategic Priorities Ahead of Presentation at 44th Annual J.P. Morgan Healthcare Conference
Globenewswire· 2026-01-12 12:00
Core Insights - Perspective Therapeutics, Inc. is focused on advancing its proprietary radiopharmaceutical technology to redefine cancer treatment and aims to share maturing clinical data across all programs in 2026 [2][18] Clinical Pipeline Updates - The company is conducting a multi-center open-label dose-finding study of [Pb]VMT-α-NET for patients with unresectable or metastatic somatostatin receptor type 2-positive neuroendocrine tumors [3] - Updated interim data from the study presented at ASCO-GI 2026 showed that 76% of patients in a specific cohort were without progression and remained alive [7][8] - VMT-α-NET continues to demonstrate strong patient recruitment and is well-tolerated, with no reports of dose-limiting toxicities [6][7] - Clinical updates for VMT01 targeting melanoma and PSV359 targeting FAP across multiple solid tumors are expected in mid to late 2026 [6] Manufacturing Infrastructure - The company is expanding its manufacturing capabilities by enhancing capacity at existing facilities and building out recently acquired sites [15] Upcoming Events - The CEO will present updates at the 44th Annual J.P. Morgan Healthcare Conference on January 14, 2026 [17]
Perspective Therapeutics to Present at the 44th Annual J.P. Morgan Healthcare Conference
Globenewswire· 2025-12-18 12:00
Core Viewpoint - Perspective Therapeutics, Inc. is advancing its radiopharmaceutical development for cancer treatments and will present at the upcoming J.P. Morgan Healthcare Conference [1][2]. Company Overview - Perspective Therapeutics, Inc. specializes in radiopharmaceuticals, focusing on innovative cancer treatments using proprietary technology that employs the alpha-emitting isotope Pb to target cancer cells [2]. - The company is developing complementary imaging diagnostics that utilize the same targeting moieties, enhancing personalized treatment and patient outcomes through a "theranostic" approach [2]. Clinical Programs - The company's clinical programs include neuroendocrine tumor (VMT-α-NET), melanoma (VMT01), and solid tumor (PSV359), which are currently in Phase 1/2a imaging and therapy trials in the U.S. [3]. - Perspective is expanding its regional network of drug product candidate finishing facilities, supported by its proprietary Pb generator, to provide patient-ready products for clinical trials and commercial operations [3].
Perspective Therapeutics to Participate in Upcoming December Conferences
Globenewswire· 2025-11-20 12:00
Core Insights - Perspective Therapeutics, Inc. is focused on developing advanced radiopharmaceutical treatments for various cancers using proprietary technology that employs the alpha-emitting isotope Pb to target cancer cells specifically [2][3] Group 1: Company Overview - Perspective Therapeutics is pioneering advanced treatments for cancers throughout the body with a focus on radiopharmaceuticals [2] - The company utilizes a "theranostic" approach, combining treatment and imaging diagnostics to personalize cancer therapy and optimize patient outcomes [2] - The company is currently conducting Phase 1/2a imaging and therapy trials for its neuroendocrine tumor (VMT-α-NET), melanoma (VMT01), and solid tumor (PSV359) programs in the U.S. [3] Group 2: Upcoming Events - Members of the senior leadership team will participate in the Piper Sandler & Co. 37th Annual Healthcare Conference on December 2, 2025, from 1:00 to 1:25 p.m. ET in New York, NY [1] - The company will also be present at the Evercore 8th Annual Healthcare Conference on December 3, 2025, from 3:00 to 3:20 p.m. ET in Miami, FL [1] Group 3: Operational Developments - Perspective Therapeutics is expanding its regional network of drug product candidate finishing facilities, supported by its proprietary Pb generator, to provide patient-ready products for clinical trials and commercial operations [3]
Perspective Therapeutics Provides Recent Business Highlights and Reports 3Q 2025 Results
Globenewswire· 2025-11-10 21:05
Core Insights - Perspective Therapeutics, Inc. is advancing its clinical programs in radiopharmaceuticals aimed at cancer treatment, with a focus on neuroendocrine tumors, melanoma, and solid tumors [2][24][25] Clinical Highlights - The company is conducting a multi-center, open-label study of [Pb]VMT-α-NET targeting SSTR2-positive neuroendocrine tumors, with interim data presented at major medical conferences [3][4][7] - Updated interim results show a favorable safety profile for [Pb]VMT-α-NET, with no dose-limiting toxicities reported and 80% of patients remaining progression-free [8][9] - Cohort 3 of the [Pb]VMT-α-NET study opened in June 2025, with patients receiving up to four doses every eight weeks [9][10] Financial Summary - As of September 30, 2025, the company had approximately $174 million in cash and short-term investments, down from $227 million at the end of 2024, which is expected to fund operations into late 2026 [7][16][17] - Research and development expenses increased by approximately 69% year-over-year for Q3 2025, totaling $20.3 million, primarily due to increased clinical activities and personnel costs [20] - The net loss for Q3 2025 was $26 million, or $0.35 per share, compared to a net loss of $15.1 million, or $0.21 per share, for the same period in 2024 [23][30] Operational Developments - The company has transitioned its operations to focus on continuing operations following the divestiture of its brachytherapy segment in April 2024 [18] - The company is also developing complementary imaging diagnostics to enhance treatment personalization and optimize patient outcomes [24] Future Outlook - The company anticipates sharing updates on its clinical-stage medicines throughout 2026, with strong patient recruitment and clinical site engagement [7][11] - Plans are in place to submit data from ongoing studies to medical conferences in the coming year [11][12]
Perspective Therapeutics to Participate in Upcoming November Conferences
Globenewswire· 2025-10-31 11:00
Core Insights - Perspective Therapeutics, Inc. is a radiopharmaceutical development company focused on advanced cancer treatments using proprietary technology that employs the alpha-emitting isotope Pb for targeted radiation delivery to cancer cells [2][3] Company Overview - The company is pioneering advanced treatments for various cancers and is developing complementary imaging diagnostics that utilize the same targeting moieties, allowing for personalized treatment and optimized patient outcomes [2] - The "theranostic" approach enables visualization of specific tumors followed by targeted treatment, potentially improving efficacy and minimizing toxicity [2] Clinical Development - The company's neuroendocrine tumor (VMT-α-NET), melanoma (VMT01), and solid tumor (PSV359) programs are currently in Phase 1/2a imaging and therapy trials in the U.S. [3] - Perspective Therapeutics is expanding its regional network of drug product candidate finishing facilities, supported by its proprietary Pb generator, to provide patient-ready product candidates for clinical trials and commercial operations [3] Upcoming Events - Members of the senior leadership team will participate in the Truist Securities BioPharma Symposium on November 6, 2025, in New York, NY, for one-on-one meetings with investors [1] - The company will also be featured in a Fireside Chat at the UBS Global Healthcare Conference on November 11, 2025, from 4:15 to 4:50 p.m. ET in Palm Beach, FL [2]
Perspective Therapeutics to Provide Business Highlights and Report Third Quarter 2025 Financial Results
Globenewswire· 2025-10-24 11:00
Core Insights - Perspective Therapeutics, Inc. is set to report its third quarter 2025 financial results and provide a business update on November 10, 2025, after market close [1] Company Overview - Perspective Therapeutics, Inc. specializes in radiopharmaceutical development, focusing on advanced cancer treatments using proprietary technology that employs the alpha-emitting isotope Pb to target cancer cells [2] - The company is also developing complementary imaging diagnostics that utilize the same targeting moieties, allowing for personalized treatment and optimized patient outcomes through a "theranostic" approach [2] Clinical Programs - The company's neuroendocrine tumor (VMT-α-NET), melanoma (VMT01), and solid tumor (PSV359) programs are currently in Phase 1/2a imaging and therapy trials in the U.S. [3] - Perspective Therapeutics is expanding its regional network of drug product candidate finishing facilities, supported by its proprietary Pb generator, to provide patient-ready products for clinical trials and commercial operations [3]
Perspective Therapeutics to Participate in Upcoming September Conferences
Globenewswire· 2025-08-26 11:00
Core Insights - Perspective Therapeutics, Inc. is a radiopharmaceutical company focused on advanced cancer treatments using proprietary technology that employs the alpha-emitting isotope Pb to target cancer cells specifically [3][4] - The company is actively participating in several upcoming healthcare conferences to engage with investors and discuss its innovative therapies [1][2] Company Overview - Perspective Therapeutics is pioneering advanced treatments for various cancers, utilizing a "theranostic" approach that combines therapy and diagnostics to personalize treatment and optimize patient outcomes [3] - The company is developing imaging diagnostics that work alongside its therapeutic products, enhancing the ability to visualize and treat tumors effectively [3] Clinical Development - The company's neuroendocrine tumor (VMT-α-NET), melanoma (VMT01), and solid tumor (PSV359) programs are currently in Phase 1/2a imaging and therapy trials in the U.S. [4] - Perspective Therapeutics is expanding its regional network of drug product candidate finishing facilities, supported by its proprietary Pb generator, to ensure the delivery of patient-ready products for clinical trials and commercial operations [4]
Perspective Therapeutics Provides Recent Business Highlights and Reports 2Q 2025 Results
Globenewswire· 2025-08-13 10:45
Core Viewpoint - Perspective Therapeutics, Inc. is advancing its clinical programs in radiopharmaceuticals aimed at treating various cancers, with significant updates on their ongoing studies and financial performance for the second quarter of 2025 [1][2][17]. Clinical Highlights - The company is conducting a multi-center, open-label study of [Pb]VMT-α-NET targeting SSTR2-positive neuroendocrine tumors, with 46 patients treated in Cohort 2 and Cohort 3 opened in June 2025 [3][4]. - As of April 30, 2025, four out of seven patients in Cohort 2 showed objective responses, and seven out of nine patients in Cohorts 1 and 2 remained free from disease progression after over one year [4]. - The safety profile of [Pb]VMT-α-NET remains favorable, with no dose-limiting toxicities reported among 42 patients [4]. - The company plans to present updates on its clinical programs at upcoming scientific congresses, including the European Society of Medical Oncology Congress in October 2025 [9][10]. Financial Summary - As of June 30, 2025, the company reported cash, cash equivalents, and short-term investments of approximately $192 million, down from $227 million at the end of 2024, which is expected to fund operations into late 2026 [17]. - Research and development expenses increased by approximately 79% year-over-year for Q2 2025, totaling $16.6 million, primarily due to heightened clinical activities and personnel costs [21]. - General and administrative expenses rose by approximately 40% year-over-year for Q2 2025, amounting to $7.7 million, driven by increased personnel costs [22]. - The total operating expenses for Q2 2025 were $24.3 million, a 65% increase compared to the same period in 2024 [23]. - The net loss for Q2 2025 was $21.5 million, or $0.29 per share, compared to a net loss of $11.7 million, or $0.18 per share, for Q2 2024 [24]. Company Overview - Perspective Therapeutics, Inc. specializes in developing advanced radiopharmaceutical treatments for cancer, utilizing proprietary technology that targets cancer cells with alpha-emitting isotopes [25][26]. - The company is focused on three main clinical programs: VMT-α-NET for neuroendocrine tumors, VMT01 for melanoma, and PSV359 for solid tumors, all currently in Phase 1/2a trials [26].
Perspective Therapeutics to Provide Business Highlights and Report Second Quarter 2025 Financial Results
Globenewswire· 2025-07-15 11:00
Company Overview - Perspective Therapeutics, Inc. is a radiopharmaceutical company focused on advanced cancer treatments using proprietary technology that employs the alpha-emitting isotope Pb to target cancer cells specifically [2][3] - The company is also developing complementary imaging diagnostics that utilize the same targeting moieties, allowing for personalized treatment and optimized patient outcomes through a "theranostic" approach [2] Clinical Development - The company's melanoma (VMT01), neuroendocrine tumor (VMT-α-NET), and solid tumor (PSV359) programs are currently in Phase 1/2a imaging and therapy trials in the U.S. [3] - Perspective Therapeutics is expanding its regional network of drug product finishing facilities, supported by its proprietary Pb generator, to provide patient-ready products for clinical trials and commercial operations [3] Upcoming Financial Reporting - The company will report its second quarter 2025 financial results and provide a business update on August 13, 2025, before the market opens [1]