VALENCIA, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Nusano, Inc., a physics company transforming the production of radioisotopes, today announced a Series C financing round with funding commitments of over $115 million in total proceeds. The financing will support the company's initial product launches of non-carrier-added lutetium-177 (n.c.a. Lu-177) and actinium-225 (Ac-225).
The round was led by The Wasatch Group, with additional participation by S32. Previous investors in Nusano include Verily and the American Cancer Society's BrightEdge.
"This financing supports our work to stabilize radiopharmaceutical supply chains and enable innovation across a variety of industries, including aerospace, industrial and long-lived power supplies," said Chris Lowe, CEO of Nusano. "We look forward to bringing new radioisotope supplies online starting in 2025 and the role Nusano will play in making a greater variety of radioisotopes – such as astatine, copper, iridium and scandium – available for multiple markets."
Radioisotopes are essential components in ...
