Welcome to our dedicated page for Alpha Tau Medical news (Ticker: DRTSW), a resource for investors and traders seeking the latest updates and insights on Alpha Tau Medical stock.
Alpha Tau Medical Ltd. (Nasdaq: DRTS, DRTSW) is an Israeli clinical-stage oncology therapeutics company developing Alpha DaRT®, a radium-224–based intratumoral alpha-radiation therapy for solid tumors. The news flow around Alpha Tau centers on clinical trial progress, regulatory interactions, and operational milestones related to this technology.
Company press releases describe ongoing and planned studies of Alpha DaRT in several high-need cancer indications, including recurrent cutaneous squamous cell carcinoma, pancreatic ductal adenocarcinoma, recurrent glioblastoma multiforme, recurrent squamous cell carcinoma of the oral cavity, and locally recurrent prostate cancer. News items highlight first-in-human treatments, such as the first patient treated in a U.S. multi-center pancreatic cancer trial and the first patient treated with Alpha DaRT in the brain for recurrent glioblastoma.
Regulatory and development updates are another recurring theme. Alpha Tau reports Breakthrough Device Designation from the U.S. Food and Drug Administration for multiple indications, participation in the FDA’s Total Product Life Cycle Advisory Program for recurrent GBM, and submission of the first module of a pre-market approval application for Alpha DaRT in recurrent cutaneous squamous cell carcinoma using a modular framework. The company also discloses FDA approval of an Investigational Device Exemption for a pilot study in locally recurrent prostate cancer.
Operational and corporate news includes securing a radioactive material license for a commercial-scale Alpha DaRT manufacturing facility in New Hampshire, interim financial results, and participation in healthcare and investor conferences hosted by organizations such as J.P. Morgan, Piper Sandler, Sidoti, and Jefferies. Investors and observers following DRTS and DRTSW can use this news page to review Alpha Tau’s reported clinical milestones, regulatory steps, manufacturing preparation, and capital markets activities as they relate to the Alpha DaRT platform.
Alpha Tau Medical Ltd. (Nasdaq: DRTS, DRTSW) announced its participation in Citi’s 2023 Healthcare Services, Medtech, Tools & HCIT Conference on March 1, 2023, to be held at Citi HQ Conference Center in New York City.
The Alpha DaRT therapy, developed for treating solid tumors, utilizes radium-224 for targeted alpha-radiation intended to minimize damage to surrounding healthy tissue.
Founded in 2016, Alpha Tau focuses on advancing this innovative approach to cancer treatment, which was created by leading researchers from Tel Aviv University.
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.
On March 28, 2022, Alpha Tau Medical Ltd. (Nasdaq: DRTS, DRTSW) reported its 2021 financial results, highlighting a significant 100% complete response rate in its U.S. pilot trial for skin cancer. The company received two FDA breakthrough device designations and successfully completed its merger with Healthcare Capital Corp, raising approximately $90 million. R&D expenses increased to $11.4 million, resulting in a net loss of $27.3 million for the year. As of December 31, 2021, Alpha Tau's cash reserves stood at $31.9 million, expected to sustain operations for two years.
FAQ
What is the current stock price of Alpha Tau Medical (DRTSW)?
