Alpha Tau Medical Ltd Stock Price, News & Analysis

Alpha Tau Medical Ltd. (Nasdaq: DRTS, DRTSW) announced plans to present its alpha-radiation cancer therapy, Alpha DaRT™, at the upcoming Biotech Showcase in San Francisco, scheduled for January 9-12, 2023. CFO Raphi Levy will discuss the company’s technology, clinical progress, and upcoming trials, including a pivotal trial for recurrent cutaneous squamous cell carcinoma. Additionally, one-on-one institutional investor meetings will be available at both the Biotech Showcase and LifeSci Partners Corporate Access Event on January 10, 2023.

Alpha Tau Medical (Nasdaq: DRTS, DRTSW) reported its Q3 2022 financial results, showing a net loss of $2.6 million ($0.04 per share), significantly improved from a $4.8 million loss in Q3 2021. R&D expenses rose to $4.8 million, driven by increased personnel and study costs. The company remains focused on its upcoming U.S. pivotal study for recurrent cutaneous squamous cell carcinoma and has made significant strides in global commercialization. With a cash balance of $108.5 million, Alpha Tau is well-positioned to sustain operations for at least two years.

Alpha Tau Medical Ltd. (Nasdaq: DRTS, DRTSW) announced its participation in two investor conferences this November. The first event is the Jefferies London Healthcare Conference on November 16, 2022, at 4:25 PM GMT in London. The second is the Piper Sandler 34th Annual Healthcare Conference on November 30, 2022, at 1:30 PM EST in New York. The company focuses on the innovative alpha-radiation cancer therapy, Alpha DaRT, aimed at effectively targeting solid tumors while minimizing damage to surrounding healthy tissue.

Alpha Tau Medical Ltd. (NASDAQ: DRTS, DRTSW) announced significant advancements in its clinical research and trials. The Medicines and Healthcare products Regulatory Agency of the UK approved a trial for treating squamous cell carcinoma of the vulva, while Health Canada added a second site at Jewish General Hospital in Montreal for pancreatic cancer trials. Additionally, findings from a U.S. pilot study on the Alpha DaRT treatment will be presented at the upcoming ASTRO 2022 Annual Meeting. These developments illustrate Alpha Tau's commitment to expanding its innovative cancer therapies.

Alpha Tau Medical Ltd. (Nasdaq: DRTS, DRTSW) announced the acceptance of two significant pre-clinical studies in prestigious journals, showcasing the synergy of Alpha DaRT therapy with standard solid tumor treatments. The first study, published in the Red Journal, highlights the potential of Alpha DaRT combined with anti-PD1 therapy to enhance immune response in squamous cell carcinoma. The second study in Frontiers in Oncology reveals that Alpha DaRT significantly boosts the effectiveness of standard treatments for glioblastoma. Alpha Tau aims to advance clinical trials based on these promising findings.

Alpha Tau Medical Ltd. (Nasdaq: DRTS) announced the resignation of Peter Melnyk from the Board of Directors to assume the role of Chief Commercial Officer. Melnyk brings extensive experience in oncology from prior roles at Fortovia Therapeutics, Novocure, and OSI Pharmaceuticals. CEO Uzi Sofer expressed confidence that Melnyk will enhance Alpha Tau's commercialization efforts, particularly as the company seeks further marketing approvals for its Alpha DaRT cancer therapy, with a critical U.S. study on recurrent squamous cell carcinoma starting soon.

Alpha Tau Medical Ltd. (Nasdaq: DRTS, DRTSW) announced participation in three investor conferences in September 2022. The events include Citi's 17th Annual BioPharma Conference on September 7 in Boston, MA, the Cantor Oncology, Hematology & HemeOnc Conference on September 28 in New York, NY, and the Ladenburg Thalmann Annual Healthcare Conference on September 29 in New York, NY. Each conference will feature 1:1 meetings and presentations to discuss Alpha Tau's innovative alpha-radiation cancer therapy, Alpha DaRT™, aimed at treating solid tumors.

Alpha Tau Medical Ltd. (Nasdaq: DRTS, DRTSW) announced FDA approval for a pivotal trial of its Alpha DaRT™ therapy in recurrent cutaneous squamous cell carcinoma, expecting to treat the first patient in late 2022. The company also initiated a feasibility study in prostate cancer. Financially, R&D expenses rose to $5.4 million, while the net loss narrowed to $2.0 million or ($0.03) per share. Cash reserves increased significantly to $112.8 million, projected to sustain operations for at least two years. The company aims to expand its treatment pipeline to more invasive cancers, including pancreatic and GBM.

Alpha Tau Medical Ltd. (Nasdaq: DRTS) has announced a collaboration with MIM Software to enhance treatment planning software for its Alpha DaRT cancer therapy. This partnership aims to integrate MIM's software suite to support Alpha DaRT across multiple cancer indications and improve clinical trial integration. The collaborative effort seeks to harness MIM's advanced imaging capabilities to optimize treatment planning, enhancing patient outcomes. Notably, recent data from U.S. clinical trials showed a 100% complete response rate in skin cancer treatments at 12 and 24 weeks post-therapy.