Radiopharmaceutical biotech Ratio Therapeutics has raised a $50 million Series B to bring its first therapeutic into the clinic, it said Wednesday morning.
The biotech has now
raised
a total of $90 million since its founding in mid-2021. Based in Boston’s Seaport District, the biotech
unveiled
itself in June 2022 and has already inked collaborations with Bayer,
Merck
and Lantheus.
Radiopharma companies have been in the news with considerably more frequency in recent months with
two
key
acquisitions
by EliLilly and Bristol Myers Squibb, and financing rounds rolling in for a string of startups, like
Artbio
,
Convergent Therapeutics
and
Abdera Therapeutics
. Bristol Myers invested in Ratio’s Series B. The expanding market is also
causing CDMOs
to iron out supply chain bumps and configure access to raw materials.
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