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Fusion Pharmaceuticals Inc. (Nasdaq: FUSN) is a clinical-stage oncology company based in Hamilton, Ontario, Canada, and Boston, focusing on the development of next-generation radioconjugates (RCs) for precision cancer treatments. The company specializes in targeted alpha therapy (TAT), leveraging their unique expertise in linking alpha particle-emitting isotopes to targeting molecules to create highly effective therapeutics.
Fusion’s lead program, FPI-2265, is designed specifically for metastatic castration-resistant prostate cancer (mCRPC). This innovative treatment targets the prostate-specific membrane antigen (PSMA) and is currently undergoing a Phase 2 clinical trial. FPI-2265 aims to improve patient outcomes by delivering a potent radioactive payload directly to cancer cells, minimizing damage to healthy tissues. The recent Phase 2 TATCIST trial results, presented at the AACR Annual Meeting 2024, demonstrated promising clinical activity and safety, with meaningful improvements in secondary endpoints for mCRPC patients.
Fusion’s pipeline includes several other promising candidates, such as FPI-1434, targeting the insulin growth factor 1 receptor (IGF1R), FPI-2059, targeting the neurotensin receptor 1 (NTSR1), and FPI-2068, a bispecific IgG-based RC targeting EGFR-cMET.
The recent acquisition of Fusion by AstraZeneca marks a significant milestone. AstraZeneca will acquire all of Fusion’s outstanding shares for $21.00 per share in cash, plus a non-transferable contingent value right of $3.00 per share, subject to achieving specific regulatory milestones. This acquisition, valued at approximately $2.4 billion, underscores Fusion's pivotal role in pioneering RCs and enhancing AstraZeneca's oncology portfolio.
Fusion operates a state-of-the-art Good Manufacturing Practice (GMP) compliant facility, ensuring the production of clinical doses for its expanding pipeline. The company has strategic actinium supply agreements with Niowave, Inc., and BWXT Medical to meet the growing demand for their therapies.
With a robust pipeline, strategic partnerships, and a strong balance sheet, Fusion is well-positioned to advance their mission of transforming cancer treatment through innovative alpha-emitting radioconjugates.
Fusion Pharmaceuticals (Nasdaq: FUSN) presented imaging data at the SNMMI 2022 Annual Meeting, revealing that pre-administration of a cold antibody improved tumor lesion uptake of its investigational imaging agent FPI-1547 in the Phase 1 study of FPI-1434. The study showed favorable results across various tumor locations, demonstrating enhanced drug delivery without serious adverse events. CEO John Valliant highlighted the potential of this dosing regimen to optimize therapeutic outcomes, with ongoing evaluations planned for additional cohorts.
Fusion Pharmaceuticals (Nasdaq: FUSN) has announced a collaboration with Niowave, investing $5 million to secure guaranteed access to actinium-225. This partnership aims to enhance the production capacity of actinium-225, crucial for Fusion's expanding pipeline of actinium-based radio pharmaceuticals. Fusion's CEO, John Valliant, emphasized the importance of this arrangement in supporting their clinical development efforts. The company already has supply agreements with TRIUMF and the U.S. Department of Energy, further diversifying their supply chain.
Fusion Pharmaceuticals Inc. (Nasdaq: FUSN) announced updates on its Phase 1 clinical trials for FPI-1434 and FPI-1966, focusing on treatments for solid tumors. The reporting of FPI-1434 safety data and imaging results has been delayed to the first half of 2023 due to challenges in patient enrollment following protocol amendments. Similarly, the first patient dosing for FPI-1966 is now expected in the second half of 2022, hindered by staffing shortages and administrative issues at trial sites. Despite these delays, the company maintains strong confidence in their clinical programs.
Fusion Pharmaceuticals Inc. (Nasdaq: FUSN) announced the granting of stock options for 36,000 shares to three employees outside the 2020 Stock Option and Incentive Plan. This award is in line with Nasdaq Listing Rule 5635(c)(4) and has an exercise price of $3.67 per share, equal to the stock's closing price on June 6, 2022. The options vest over four years, with 25% vesting after one year. Fusion focuses on developing next-generation radiopharmaceuticals targeting oncology, with ongoing projects like FPI-1434 in Phase 1 trials.
Fusion Pharmaceuticals Inc. (FUSN) will present at the 2022 Jefferies Global Healthcare Conference on June 10, 2022, at 10:30 a.m. ET in New York. CEO John Valliant, Ph.D., will represent the company. A live webcast will be available on the company's website, with a replay archived for 60 days post-event. Fusion focuses on advancing radiopharmaceuticals, with its lead program FPI-1434 in Phase 1 trials. The company collaborates with AstraZeneca and Merck to enhance targeted therapies and is building a GMP-compliant manufacturing facility in Hamilton, Ontario.
Fusion Pharmaceuticals Inc. (Nasdaq: FUSN) announced its participation in a fireside chat at Guggenheim Securities Radiopharmaceuticals Day on May 17, 2022, at 3:00 p.m. ET. CEO John Valliant, Ph.D., will present. A live webcast will be available on the Company's website, with a replay accessible for 60 days. Fusion focuses on developing next-generation radiopharmaceuticals and has ongoing clinical trials, including FPI-1434 and FPI-1966. The company also collaborates with AstraZeneca and Merck to enhance targeted therapy programs.
Fusion Pharmaceuticals Inc. (Nasdaq: FUSN) announced its Q1 2022 financial results and updates on clinical programs. As of March 31, 2022, cash and investments totaled $206.7 million, down from $220.8 million at year-end 2021. The company reported a net loss of $19.9 million, or $0.46 per share. Upcoming data for FPI-1434 is expected in H2 2022, while Phase 1 studies for FPI-1966 and FPI-2059 are progressing. A loan agreement with Oxford Finance provides up to $75 million to extend the cash runway into Q1 2024.
Fusion Pharmaceuticals Inc. (Nasdaq: FUSN) announced the granting of stock option awards totaling 117,200 shares to seven employees to attract talent, as per Nasdaq Rule 5635(c)(4). The options have an exercise price of $5.16, matching the stock's closing price on May 2, 2022. These options vest over four years, with 25% vesting after one year. Fusion is focused on developing advanced radiopharmaceuticals for oncology, with ongoing clinical trials for its lead program, FPI-1434, and collaborations with AstraZeneca and Merck.
Fusion Pharmaceuticals, a clinical-stage oncology company listed on Nasdaq under the ticker FUSN, announced its participation at the 2022 Bloom Burton & Co. Healthcare Investor Conference on May 2, 2022, at 3:30 p.m. ET. CEO John Valliant, Ph.D., will present at the event in Toronto, Ontario. A live webcast can be accessed via the company's website's 'Investors & Media' section, with a replay available for 60 days. Fusion specializes in developing next-generation radiopharmaceuticals, including their lead program targeting insulin-like growth factor 1 receptor, currently in Phase 1 trials.
Fusion Pharmaceuticals Inc. secures a $75 million senior secured term loan from Oxford Finance LLC to advance its oncology pipeline of targeted alpha therapies. The funds will support general working capital and further development of its next-generation radiopharmaceuticals aimed at various cancer targets. Fusion's lead program, FPI-1434, is in Phase 1 clinical trials, while others are progressing towards similar phases. The partnership enhances Fusion's potential in addressing significant unmet medical needs in cancer treatment.
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