Lowenstein represented H.C. Wainwright & Co. as exclusive lead placement agent in a public offering for Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM), the aggregate gross proceeds of which are expected to be approximately $25 million. The offering closed on June 19, 2020.
Actinium is a clinical-stage biopharmaceutical company developing Antibody Radiation-Conjugates (ARCs) for targeted conditioning, intended to selectively kill patient's cancer cells and certain immune cells prior to a bone marrow transplant or other cell or gene therapies.
Actinium intends to use the net proceeds from the offering to complete its ongoing pivotal, Phase 3 SIERRA trial for its lead product candidate, Iomab-B.
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