OSLO, NORWAY -- (MARKET WIRE) -- 09/02/2005 -- Algeta ASA, a therapeutics
company dedicated to the development of novel anticancer agents based on
alpha particle emitting radionuclides, announced today the closing of a
Series A round of financing totaling NOK 185 million (Euro 23 million/US$29
million). The funds raised will support the continued development of the
Company's lead product candidate, Alpharadin(tm), through its ongoing Phase
II clinical trials and into pivotal Phase III trials as a potential new
treatment for bone metastases arising from primary prostate cancer.
Alpharadin, is a novel bone-seeking experimental radiopharmaceutical based
on the alpha particle emitter radium-223.
