Clinical-stage biopharmaceutical company Aktis Oncology (AKTS.US), specializing in targeted alpha-particle radiopharmaceuticals for solid tumors, filed with the SEC last Friday for an initial public offering seeking up to $100 million.
The Massachusetts-based firm focuses on developing radiopharmaceuticals against prevalent solid tumors. Its lead candidate, Ac-AKY-1189, targets Nectin-4 expressing cancers and is currently in multicenter Phase Ib trials in the U.S. with approximately 150 patients enrolled. Preliminary clinical data is expected in Q1 2027. Another pipeline asset, Ac-AKY-2519 targeting B7-H3 expressing tumors, plans to submit an IND application in 2026.
Aktis has established isotope supply partnerships with multiple institutions and expects its cGMP-compliant manufacturing facility to become operational in 2026. The company is also expanding its radioconjugate drug pipeline through collaborative research programs.
Founded in 2020 and headquartered in Boston, Aktis reported $6 million revenue for the 12 months ending September 30, 2025. The company plans to list on Nasdaq under the ticker "AKTS" with J.P. Morgan, BofA Securities, Leerink Partners, and TD Cowen serving as joint bookrunners. Pricing terms have not yet been disclosed.
Comments