Curasight (One-pager): Funding of pipeline
The investment case for Curasight is driven by the successful development of its uPAR PET imaging platform uTRACE, and its targeted radionuclide therapy uTREAT, and entering partnerships to validate its technology, obtain funding, and potentially secure successful commercialization. In 2023, Curasight entered a partnership with France-based Curium regarding uTRACE in prostate cancer. The agreement provides up to USD 70 million in milestone payments and strengthens Curasight’s ability to source radioisotopes, which have previously been a bottleneck.
A lack of funding has delayed clinical progress year-to-date 2025. However, Curasight has initiated a rights issue to raise up to DKK 100 million to continue its clinical development. Its partner for uTRACE in prostate cancer, Curium, is supporting the issue, which is currently 47% covered by subscription and guarantee commitments. Improved financing may help de-risk the case and support a higher probability of success (PoS), compared to a biostatistical average of 15% for assets in phase II.
Disclaimer: HC Andersen Capital receives payment from Curasight for a Digital IR subscription agreement. /Claus Thestrup 07.05.2025 - 08:00 AM
Curasight is a Danish biotech company focusing on developing and improving the detection and treatment of cancer in a more gentle and efficient way. The company has two pipeline products that both use radionuclide (nuclear medicine) to facilitate better diagnosis and treatment of various cancer types; uTRACE use the so-called uPAR as a biomarker to diagnose the aggressiveness of cancer, and uTREAT use the uPAR as a attachment to treat the cancer. Based on good phase 2 data that has already been collected or will be in the first half of 2022, Curasight is expected to prepare phase 3 for uTRACE later in 2022 and 2023 for the following four cancer types: prostate, brain, neuroendocrine, and head and neck cancer.
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