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Radiomedix Announces A $40 Million Series A Financing For The Advancement Of Novel Targeted Alpha Therapy Platform And Diagnostic Companion Radiopharmaceuticals To Address Unmet Needs In Oncology; Michael Lee-Chin Appointed To The Board Of The Company

PRIVATEOct 07, 2022

Amount Raised

$40 Million

Round Type

Series A

HoustonBiotechnologyHealth CareTherapeutics

Description

RadioMedix, Inc. (“RadioMedix” or “Company”), a clinical-stage biotechnology company announced an agreement with an entity related to Portland Investment Counsel Inc. (“Portland”) involving an equity investment of $40 million Series A funding round. RadioMedix is committed to the advancement of a targeted alpha therapy (TAT) pipeline and diagnostic companion radiopharmaceuticals for rare and aggressive cancers.

Quick answer

RadioMedix raised $40 Million in a Series A round, dated October 7, 2022. RadioMedix is based in Houston, Texas, United States.

How much did RadioMedix raise?
RadioMedix raised $40 Million in a Series A round on October 7, 2022.
What does RadioMedix do?
RadioMedix, Inc. is a biotechnology company, based in Houston, Texas, focused on innovative targeted radio-pharmaceuticals for diagnosis, monitoring and therapy of cancer.
Where is RadioMedix based and how big is it?
RadioMedix is based in Houston, Texas, United States.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

Companies in the same sectors as RadioMedix that raised within 45 days of this round, from Fundz verified event records.

  • Opna Bio raised $38M (Series A) on November 21, 2022.
  • Parabilis Medicines raised $178M (Series D) on November 21, 2022.
  • Arialys Therapeutics raised $14M on November 18, 2022.
  • Parabilis Medicines raised $178M on November 17, 2022.
  • Cue Biopharma raised an undisclosed amount (Funding Round) on November 17, 2022.
  • Cue Biopharma raised $30M on November 16, 2022.

Who to call at RadioMedix, and when

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Company Information

Company

RadioMedix

Location

Houston, Texas, United States

About

RadioMedix, Inc. is a biotechnology company, based in Houston, Texas, focused on innovative targeted radio-pharmaceuticals for diagnosis, monitoring and therapy of cancer. The company is commercializing generator-produced radio-pharmaceuticals based on Gallium-68 chemistry. RadioMedix is in late-stage development of a new radio-labeled analog targeting metabolic pathway, GlucoMedix, which is based on its patented DO2A-chelation technology. RadioMedix is introducing the SmartMedix™ automated laboratory system for synthesis of PET tracers for the research and clinical markets. RadioMedix has also established two service facilities for academic and industrial partners: cGMP Manufacturing Suite for clinical probe development and Molecular Imaging Facility for evaluation of agents in animal models.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

RadioMedix raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.