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Home Health & Wellness

Israeli medical device maker raises $26M to fund cancer treatment trials

Alpha Tau says it has successfully completed its first-in-human clinical trial of Alpha DaRT, a radiation cancer therapy, with squamous cell carcinoma patients from Italy and Israel.

by  Reuters and ILH Staff
Published on  06-05-2020 17:00
Last modified: 06-05-2020 10:50
Israeli medical device maker raises $26M to fund cancer treatment trialsGetty Images/iStockphoto

Cancer cell | Photo: Getty Images/iStockphoto

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Israeli medical device maker Alpha Tau Medical said on Thursday it raised $26 million in a funding round from investors including Shavit Capital, Medison Ventures and OurCrowd to help finance global clinical trials.

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Alpha Tau said it has successfully completed its first-in-human clinical trial of Alpha DaRT – a radiation cancer therapy – with squamous cell carcinoma patients from Italy and Israel.

It is now conducting trials in other sites, such as its first US trial at Memorial Sloan Kettering Cancer Center in New York, a pancreatic cancer trial at CHUM in Montreal and trials at three academic institutions in Japan.

The company, it said, is also establishing new manufacturing facilities in Israel and elsewhere.

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Tags: cancerIsrael

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