Radiopharm Theranostics Reports Decline in Cash at End of March

MT Newswires Live

04/23

Radiopharm Theranostics (ASX:RAD) said it closed the March quarter with a cash position of AU$19.2 million, down from AU$34.5 million at the end of the previous quarter, according to a Thursday filing with the Australian bourse.

The company reported net cash outflows from operating activities of AU$14.9 million for the quarter, with direct research and development expenses and staff costs representing 95% of the total.

Radiopharm Theranostics has completed enrolment in a phase 2b clinical trial of imaging agent RAD 101 in patients with recurrent brain metastases, and has also received a positive recommendation from the Data and Safety Monitoring Committee to advance its RAD 202 radiopharmaceutical therapy candidate to the next dose level, per the filing.

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