logo
logo

Convergent Therapeutics Announces $90 Million Series A Financing To Advance The Clinical Development Of Radiopharmaceuticals For The Treatment Of Prostate Cancer And Other Solid Tumors

Convergent Therapeutics Announces $90 Million Series A Financing To Advance The Clinical Development Of Radiopharmaceuticals For The Treatment Of Prostate Cancer And Other Solid Tumors

05/03/23, 12:05 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgcambridge
Money raised
$90 million
Industry
biotechnology
health care
therapeutics
Round Type
series a
Investors
Invus, Ra Capital Management, Orbi Med
Convergent Therapeutics Inc., a clinical-stage biotechnology company focused on the development of next-generation radiopharmaceuticals for the treatment of cancer, today announced the completion of a $90 million Series A financing, led by OrbiMed and RA Capital Management with participation from Invus. The financing will support the development of a pipeline of novel radioantibodies, including its lead program with CONV01-α, for the treatment of advanced prostate cancer.

Company Info

Company
Convergent Therapeutics
Location
cambridge, massachusetts, united states
Additional Info
Convergent Therapeutics is a clinical-stage biotechnology company exploring the full potential of dual-targeted combination strategies to treat cancer. Convergent has developed a therapeutic platform that is capable of targeting validated and novel cancer antigens. Building on breakthrough research developed by Dr. Neil Bander at Weill Cornell Medicine, Convergent has demonstrated that dual targeting of surface cancer molecules like Prostate-Specific Membrane Antigen (PSMA) improves antitumor efficacy. By leveraging targeting agents with different bio-distributions, such as monoclonal antibodies and ligands, supra-additive therapeutic doses are delivered to tumor cells without additive toxicity to the patient.

Related People