AdvanCell raises $315 million to accelerate lead-212 radiopharma pipeline
Australian radiopharmaceutical company AdvanCell has closed an oversubscribed and upsized $315 million Series D financing to advance its targeted alpha therapy pipeline and expand its manufacturing network.
The round was led by Ally Bridge Group and co-led by Alpha Wave, with participation from new investors including Bain Capital Life Sciences, Fidelity Management & Research Company, T Rowe Price, Eventide Asset Management and Velosity Capital. Existing backers including Eli Lilly, Sanofi Ventures, SV Health Investors, Abingworth, Morningside, SymBiosis and Brandon Capital also took part.
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