Fusion Pharmaceuticals to Acquire a Radiopharmaceutical Targeting Metastatic Castrate Resistant Prostate Cancer Phase II Program

(24/7 MARKET NEWS) – Fusion Pharmaceuticals Inc. (Nasdaq:FUSN) announced, after yesterday’s market close, the acquisition from RadioMedix, Inc. of the investigational new drug application (“IND”) for an ongoing Phase 2 clinical trial evaluating 225Ac-PSMA I&T, a small molecule targeting prostate specific membrane antigen (“PSMA”) expressed on prostate cancers. Following the closing, the alpha-emitting radiopharmaceutical being evaluated in the TATCIST trial will be known as FPI-2265.

Fusion Pharmaceuticals is at $4.19, up $0.57 (15.75%), on 750 thousand premarket shares.

Its 52-week trading range is $1.98 to $8.65. It hit  premarket high of $5.14 and has minimal resistance to the $7+ level.

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