Stock Monitor: Auris Medical Holding Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 02, 2018 / Active-Investors.com has just released a free research report on Actinium Pharma, Inc. (NYSE: ATNM) ("Actinium"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ATNM as the Company's latest news hit the wire. On March 28, 2018, the Company announced that it has entered into a research and option agreement with Astellas Pharma Inc. ("Astellas"), to develop Actinium-225 Radio-Conjugates (ARCs) using its Actinium Warhead Enabling (AWE) Platform Technology. Register today and get access to over 1000 Free Research Reports by joining our site below:
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About the Agreement
As part of the collaboration, Actinium will utilize its AWE Platform to conjugate and label selected Astellas-targeting agents with the powerful actinium-225 payload. The Company will also be responsible for conducting pre-clinical validation studies on the novel ARCs generated. Actinium stated that it will receive a seven-digit payment which includes an upfront fee and a research funding from Astellas.
Dr. Dale Ludwig, Actinium's Chief Scientific Officer, stated that the collaboration showcases the value of Actinium's AWE technology by enabling biomolecules with the potent cell killing power of 225Ac.
The collaboration with Astellas comes on the heels of Actinium's recent successful demonstration of the capabilities of its AWE Platform Technology, where superior celling killing properties of the 225Ac-enabled CD38 targeting blockbuster drug, daratumumab, or DarzalexTM, was presented in a poster presentation at ASH 2017. The AWE Program provides Astellas with access to Actinium's proprietary ARC technology, its technical know-how, expertise, and research infrastructure to enable efficient execution of the collaborative research program.
About the AWE Technology
Actinium formally launched its AWE Program in November 2017 to facilitate collaborations and partnerships, where the Company's intellectual property, know-how, and expertise related to its AWE Platform Technology could be leveraged.
The AWE Program has at its centerpiece the AWE Platform Technology. The Company's proprietary AWE Platform Technology is supported by intellectual property and know-how that enables the creation of Actinium-225 Radio-Conjugates, wherein a biomolecular targeting agent is stably labeled with the powerful 225Ac payload to enhance targeted cell killing.
The AWE Program is structured to provide the opportunity for partners or collaborators to derive the maximum value from a collaboration by leveraging Actinium's extensive technical know-how, access to its ARC drug development infrastructure, as well as access to its underlying AWE Platform Technology. The AWE Program provides a partner or collaborator with access to Actinium's knowledge bank and infrastructure allowing collaborators to benefit from accelerated development timelines for its ARCs.
About Actinium Pharmaceuticals, Inc.
Actinium is a clinical-stage biopharmaceutical organization focused on developing and commercializing targeted therapies for potentially superior myeloablation and conditioning of the bone marrow, prior to a bone marrow transplant, and for the targeting and killing of cancer cells. The Company's targeted therapies has demonstrated the potential to result in significantly improved access to bone marrow transplant with better outcomes, namely increased marrow engraftment and survival.
Stock Performance Snapshot
March 29, 2018 - At Thursday's closing bell, Actinium Pharma's stock declined 2.04%, ending the trading session at $0.37.
Volume traded for the day: 962.89 thousand shares, which was above the 3-month average volume of 748.45 thousand shares.
After last Thursday's close, Actinium Pharma's market cap was at $41.11 million.
The stock is part of the Healthcare sector, categorized under the Biotechnology industry. This sector was up 0.5% at the end of the session.
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