Fusion Pharma gains rights to Phase II prostate cancer program

15 February 2023

Canadian precision meds company Fusion Pharmaceuticals (Nasdaq: FUSN) has announced the acquisition from Texas, USA-based RadioMedix, of the investigational new drug application (IND) for an ongoing Phase II clinical trial, with the news sending Fusion’s shares more than 22% higher to $4.42.

The "TATCIST" trial is evaluating 225Ac-PSMA I&T, a small molecule targeting prostate specific membrane antigen (PSMA) expressed on prostate cancers. Following the closing, the alpha-emitting radiopharmaceutical being evaluated in the TATCIST trial will be known as FPI-2265.

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