The company, founded by the Mayo Clinic, develops radiopharmaceuticals to treat tumors with more precision.
Fox Chase Cancer Center is investing in a Minnesota-based start-up that develops drugs to diagnose and treat cancer by injecting patients with radioactive molecules that can target solid tumors with more precision than traditional methods.
Leaders declined to disclose how much the institution contributed to the early stage fundraising round known as a series A.was valued at $5.2 billion in 2022 and is expected to grow to $13.7 billion over the next 10 years, according to Allied Market Research, which assesses the market for investors. “It’s way more personalized, but also it’s less toxic because it goes to only where the tumor is,” Cohen said.A major limitation: Radioactive drugs lose their power quickly, which means that currently they can only be used among patients who are treated at a medical facility near a manufacturing site.
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