From WisPolitics.com/WisBusiness.com …
— NorthStar Medical Radioisotopes will provide a German biotech company called Ariceum Therapeutics with a rare material called Actinium-225 under a newly announced agreement.
The companies today rolled out a supply agreement for the radioactive isotope, which Ariceum will use to “radiolabel” a proprietary material being developed for the treatment of various aggressive cancers. Radiolabeling can be used to track target molecules as they move through the body.
Ariceum’s compound — which has applications for treating small cell lung cancer, pancreatic cancers and others — is slated to enter clinical development soon in the United States as part of an international trial. That’s according to company CEO Manfred Rudiger.
In a statement on the agreement, he touts Beloit-based NorthStar’s “industry leadership and commercial expertise” in advanced radioisotope production technology, calling the company a reliable partner for meeting the company’s supply needs.
“In partnership with NorthStar, we look forward to progressing our clinical studies with Ac-225 and accelerating our future commercialization opportunities as we seek to deliver targeted theranostic treatments for patients,” Rudiger said.
Frank Scholz, president and CEO of NorthStar, calls Ariceum’s early trial results “very exciting” given their implications for helping patients with difficult-to-treat cancers.
He says NorthStar aims to reduce concerns about availability for Ac-225 for both clinical trials and patient medicines, noting they have “held back exploration of powerful new pathways to attack these diseases for the millions of patients who today have limited treatment options available.”
See more in the release below.
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