ARTMS raises $19M in funding round

AuntMinnie.com staff writers

May 20, 2020

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Medical isotope developer ARTMS has raised $19 million in a series A round of financing with two investment funds.

The investment round was led by Deerfield Management, with continued investment in ARTMS by Global Health Sciences Fund. The company said it would use the funds to leverage its Quantm Irradiation System (QIS) technology, which supports the production of medical isotopes in cyclotrons.

QIS can produce a range of isotopes, including gallium-68, zirconium-89, technetium‐99m, and copper-64. ARTMS will use the new funding to collaborate with other firms in the development of a cyclotron-produced gallium-69 diagnostic radiopharmaceutical and to expand the commercialization of QIS for the production of other medical isotopes.

$ChatGPT powered by GPT-4 and using DALL-E−3 was asked to generate an image for teaching purposes that demonstrated: a nuclear medicine bone scan with skeletal metastases (top left); coronary artery disease (top right); an F-18 FDG-PET scan of the brain with Alzheimer's disease (bottom left); and an x-ray showing a fracture (bottom right). These are misleading for educational purposes and for patients who may be searching for information. Image and caption courtesy of Radiography.$

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