RADIOPHARM THERANOSTICS CLOSES A$152M ASX IPO HEAVILY OVERSUBSCRIBED
- Radiopharm Theranostics is focused on development of radiopharmaceutical products for diagnostic and therapeutic uses in areas of high unmet medical needs
- Highly prospective portfolio of four distinct & clearly differentiated platform technologies
- Pipeline candidate selection based on their potential to be First to Market or Best in Class in the respective therapeutic applications
- Deep clinical pipeline of five Phase 2 trials and two Phase 1 trials ongoing, with a total of 133 patients dosed to date
- Key executives secured including former AAA/Novartis CCO Riccardo Canevari as CEO & MD, Prof David Mozley as CMO and Dr Thom Tulip as CTO
- Radiopharm raised A$50m as part of the IPO, listing with a market capitalisation of A$152m under the code RAD
- The IPO closed heavily oversubscribed, with strong support from a range of institutional, sophisticated and retail investors both locally and overseas
- Expected to list on the ASX Thursday 25 November 2021
- Founded by Australian biotech entrepreneur Paul Hopper, who will have a 35.53% shareholding upon listing
- Bell Potter and Baker Young are Joint Lead Managers to the IPO
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