03/06/2026
Alpha Tau Medical and Tolmar Announce Strategic Collaboration to Bring Alpha DaRT® Therapy to U.S. Urological Cancer Patients
🔵 Joint partnership leverages Alpha Tau’s highly potent, localized alpha-radiation technology and Tolmar’s commercial leadership to transform the U.S. uro-oncology landscape
🔵 Collaboration elevates prostate cancer as a core strategic focus, backed by Tolmar’s initial $15M manufacturing investment, $20M equity infusion at $11.99 per share (25% premium to 30-day VWAP), and up to $161.5M in clinical, regulatory and commercial milestones for the first indication
🔵 Agreement grants Tolmar exclusive U.S. commercialization rights for prostate cancer, with an option to expand into bladder cancer subject to additional payments
🔵 Alpha Tau to manufacture Alpha DaRT for Tolmar’s commercialization, to be sold to Tolmar at 60% of the onward net sales price, subject to certain adjustments
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