Alpha Tau Medical Ltd Stock Price, News & Analysis

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.

Alpha Tau Medical Ltd. (Nasdaq: DRTS) will host a hybrid key opinion leader meeting on July 18, 2022, in New York, discussing its innovative Alpha DaRT cancer therapy. KOLs will present insights on the technology, highlighting recent clinical trials and upcoming studies, including a pivotal trial for recurrent cutaneous Squamous Cell Carcinoma. The Alpha DaRT technology employs radium-224 to target tumors with short-range alpha radiation, aiming to destroy cancer cells while sparing surrounding healthy tissue. This meeting presents a crucial opportunity for stakeholders to engage with industry experts.

Alpha Tau Medical Ltd. (Nasdaq: DRTS) announced the treatment of its first patient in a feasibility study for the Alpha DaRT™ therapy in prostate cancer at Rambam Health Care Center, Haifa, Israel. The study aims to assess the feasibility and safety of Alpha DaRT as a neoadjuvant therapy before surgery, involving up to 10 patients. Following Alpha DaRT source insertion, surgical resection is scheduled 50 days later. CEO Uzi Sofer emphasized the significance of this milestone in expanding treatment applications beyond superficial cancers.

Alpha Tau Medical Ltd. (Nasdaq: DRTS) announced the Israeli Ministry of Environmental Protection has granted an active radioactive license for Thorium-228 and Radium-224, allowing a shift to the main production floor in Jerusalem. This move will increase production capacity nearly threefold to approximately 90,000 Alpha DaRT sources annually, with future plans to apply for further increases. Additionally, the Massachusetts Department of Public Health has amended the license for Alpha Tau's subsidiary, tripling the Thorium-228 capacity from 10 milliCurie to 30 milliCurie, supporting increased production in the U.S.