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The proceeds from the financing will enable Ariceum to further develop its lead asset and proprietary peptide derivative, 177Lu-OPS201 (satoreotide). Satoreotide is a radiopharmaceutical drug and an antagonist of the somatostatin type 2 (SST2) receptor.
Lead Product(s): Satoreotide Tetraxetan
Therapeutic Area: Oncology Product Name: 177Lu-OPS201
Highest Development Status: Phase I/ Phase II Product Type: Peptide
Partner/Sponsor/Collaborator: HealthCap
Deal Size: $26.4 million Upfront Cash: Undisclosed
Deal Type: Series A Financing June 08, 2022