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Actinium Pharmaceuticals, Inc.

CIK: 13883202 Annual ReportsLatest: 2025-03-31

10-K / March 31, 2025

Revenue:N/A
Income:-$38,243,000

10-K / March 29, 2024

Revenue:$81
Income:-$48,818

10-K / March 31, 2025

Company Summary: Actinium Pharmaceuticals, Inc.

Business Overview

  • Nature of Business:
    • Pioneer in targeted radiotherapies aimed at improving outcomes for patients with advanced cancers, particularly relapsed or refractory (r/r) cancers who have exhausted other treatments.
    • Focused on developing a pipeline of differentiated clinical-stage radiopharmaceutical candidates targeting validated cancer markers.
    • Aims to become a specialty radiopharmaceutical company with capabilities in radioisotope production, drug manufacturing, preclinical research, and clinical development.

Core Technologies & Capabilities

  • Industry-leading technologies in radioisotope production, biologic drug conjugation, and in-house manufacturing.
  • Portfolio of approximately 230 issued and pending patents worldwide.

Product Candidates & Pipeline

Key Product Candidates:

  • Actimab-A:

    • Lead product targeting CD33 for myeloid malignancies, including AML and MDS.
    • Studied in over 150 patients.
    • Development includes a Phase 2/3 trial in combination with chemotherapy (CLAG-M).
    • Under a CRADA with NCI to develop treatments combining Actimab-A with Venetoclax and ASTX-727 in frontline AML.
    • Initiated a solid tumor program combining Actimab-A with PD-1 checkpoint inhibitors (KEYTRUDA®, OPDIVO®), targeting head & neck squamous cell carcinoma (HNSCC) and non-small cell lung cancer (NSCLC).
  • Iomab-ACT:

    • Next-generation targeted conditioning agent for cell and gene therapies.
    • Targets CD45 using I-131 radioisotope.
    • Developing for conditioning prior to CAR-T and BMT, including treatments for sickle cell disease (SCD) and other hematologic indications.
    • Ongoing clinical trials, including collaboration with Memorial Sloan Kettering and a planned IND study for SCD with Columbia University.
  • ATNM-400:

    • Preclinical, novel radiotherapy for prostate cancer.
    • Uses Actinium-225 (Ac-225) targeting a different marker than PSMA (the target of Pluvicto).
    • Demonstrated promising preclinical results with selective tumor accumulation and dose-dependent cytotoxicity.
  • Iomab-B:

    • Previously studied in a Phase 3 SIERRA trial in elderly r/r AML patients.
    • Demonstrated significant improvement in durable complete remission (dCR) and event-free survival (EFS), but did not meet the FDA requirement for overall survival (OS) benefit.
    • FDA requested a new head-to-head trial; efforts are ongoing to seek a strategic U.S. partner.

Market & Medical Need

  • Focused on indications with high unmet needs:
    • Myeloid malignancies (AML, MDS): over 100,000 patients annually in the US and EU5.
    • Solid tumors such as HNSCC and NSCLC: over 600,000 patients annually worldwide.
    • Prostate cancer: approximately 1.5 million new cases annually globally.
    • Cell & gene therapy conditioning: market growing with multiple approved CAR-T therapies and gene therapies.
    • SCD: affects roughly 100,000 people in the U.S.

Business Strategy

  • Establish Actimab-A as a mutation-agnostic backbone therapy for myeloid cancers.
  • Deploy Actimab-A to synergize with PD-1 inhibitors in solid tumors.
  • Develop ATNM-400 targeting prostate cancer.
  • Position Iomab-ACT as a universal conditioning agent for cellular therapies.
  • Build in-house manufacturing capability, including proprietary Ac-225 cyclotron technology, to lower production costs and support clinical and commercial supply.
  • Aim to secure partnerships for late-stage trials and commercialization, especially for Iomab-B, which faces regulatory hurdles.

Employees

  • As of March 28, 2025: 37 full-time employees
    • 22 engaged in R&D and clinical development.
    • Highly skilled personnel, including Ph.D. and M.D. holders.

Revenue & Income

  • No revenue from product sales to date.
  • Consistent net losses since inception:
    • December 31, 2024: Net loss of $38.2 million
    • December 31, 2023: Net loss of $48.8 million
  • Accumulated deficit:
    • As of December 31, 2024: $375.8 million
    • As of December 31, 2023: $337.6 million
  • Business operations are primarily funded through equity sales, grants, and collaborations. No commercialized products yet.