Artbio Raises $132 Million Series B to Advance Lead-212 Radiopharmaceutical for Prostate Cancer
- Artbio secured $132 million in Series B funding to advance AB001, a lead-212 based radiopharmaceutical targeting metastatic castration-resistant prostate cancer.
- The company's AB001 drug uses Pb-212 isotope technology designed to deliver radiation more quickly to tumors compared to existing treatments like Novartis' Pluvicto.
- Funding will support mid-stage clinical trials and manufacturing network expansion, with a Phase 1 trial beginning imminently this year.
- The Cambridge and Oslo-based startup, led by former Novartis executive Emanuele Ostuni, aims to compete in the rapidly growing radiopharmaceutical oncology market.