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Perspective Therapeutics

Clinical-stage radiopharmaceuticals using targeted alpha therapies

Overview

Perspective Therapeutics develops targeted alpha-particle radiopharmaceuticals for cancer, using Lead-212 attached to tumor-targeting peptides and paired Lead-203 imaging for patient selection. It delivers potent alpha radiation to cancer cells to induce DNA damage while protecting healthy tissue, enabling theranostic treatment planning. The company differentiates itself with in-house development, a vertically integrated manufacturing and supply chain, and a radiopharmaceutical facility in New Jersey, plus a strategic partnership with Lantheus for funding and co-development. Its goal is to advance isotope-based cancer therapies from discovery to commercialization by building a reliable isotope supply network and expanding its therapeutic and diagnostic offerings.

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About Perspective Therapeutics

Simplify's Rating
Why Perspective Therapeutics is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingBiotechnologyHealthcare

Company Size

51-200

Company Stage

IPO

Headquarters

Seattle, WA

Founded

1998

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What believers are saying

  • Q3 2026 cash reached $202 million, funding planned milestones into 2028.
  • FDA granted PSV359 Fast Track in October 2026 for FAP-positive solitary fibrous tumors.
  • Merck collaboration in September 2026 validates PSV359 and broadens Keytruda combination optionality.

What critics are saying

  • VMT-α-NET still lacks randomized proof; FDA meeting in Q1 2027 is a gatekeeper.
  • PSV359 remains early, despite October 2026 Fast Track and Merck collaboration.
  • No product revenue and $32.4 million quarterly losses keep financing tied to capital markets.

What makes Perspective Therapeutics unique

  • Pb-212 theranostics link imaging and treatment with matched Pb-203, tightening patient selection.
  • Proprietary [224]Ra/[212]Pb generator network reduces isotope-supply dependence for short-half-life alpha therapy.
  • Three clinical programs span NETs, melanoma, and FAP-positive solid tumors across multiple indications.

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Funding

Total Funding

$466.1M

Above

Industry Average

Funded Over

8 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison Coming Soon

Benefits

  • Flexible Work Hours

Stock Price

Growth & Insights and Company News

6 month growth

1%

1 year growth

0%

2 year growth

6%
Associated Press
Nov 9th, 2026
Perspective Therapeutics posts $32.4M Q3 loss, holds $202M cash into 2028

Perspective Therapeutics, a radiopharmaceutical company, reported a third-quarter 2026 net loss of $32.4 million, or $0.27 per share, up from $26.0 million a year earlier. Research and development spending rose to $26.1 million from $20.3 million. The company held about $202 million in cash, cash equivalents, and short-term investments on September 30, 2026. It expects that to fund planned clinical milestones and operations into 2028. The US Food and Drug Administration (FDA) granted its PSV359 Fast Track Designation for FAP-positive solitary fibrous tumors in October. In September, it agreed with Merck to support evaluating PSV359 with Keytruda in certain lung and colorectal cancers. Perspective targets an end-of-Phase 2 meeting with the FDA for its neuroendocrine tumour drug, bamzireotide navoxetan, in the first quarter of 2027.

Seeking Alpha
Nov 9th, 2026
Perspective Therapeutics GAAP EPS of -$0.27 misses by $0.02, revenue of $0.02M misses by $0.03M.

Perspective Therapeutics GAAP EPS of -$0.27 misses by $0.02, revenue of $0.02M misses by $0.03M. * Perspective Therapeutics press release (CATX): Q3 GAAP EPS of -$0.27 misses by $0.02. * Revenue of $0.02M (-93.1% Y/Y) misses by $0.03M. * Cash, cash equivalents, and short-term investments as of September 30, 2026, were approximately $202 million as compared to approximately $145 million as of December 31, 2025. Fresh Stock Ideas, Every Day Explore diverse investing perspectives with daily analysis from experts across the market.

GlobeNewswire
Oct 7th, 2026
Perspective Therapeutics announces acceptance of [212pb]vmt-α-net data for presentation at the NANETS 2026 Multidisciplinary NET Medical Symposium.

Perspective Therapeutics announces acceptance of [212pb]vmt-α-net data for presentation at the NANETS 2026 Multidisciplinary NET Medical Symposium. SEATTLE, Oct. 07, 2026 (GLOBE NEWSWIRE) - Perspective Therapeutics, Inc. ("Perspective," the "Company," "we," "us," and "our") (NYSE AMERICAN: CATX), a radiopharmaceutical development company pioneering advanced treatments for cancers throughout the body, today announced that data from the Company's [[212]Pb]VMT-α-NET program have been accepted for presentation at the NANETS 2026 Multidisciplinary NET Medical Symposium taking place November 5 to 7, 2026, in Las Vegas, Nevada. | Presenter | Abstract Title | Presentation Details | | Thorvardur Halfdanarson, MD, Mayo Clinic Rochester | Cohort level safety and efficacy results for [[212] Pb]VMT-α-NET in advanced somatostatin receptor subtype 2 (SSTR2+)-expressing neuroendocrine tumors (NETs): Cohorts 1-3 | Abstract Number: 36595 Presentation type: Oral presentation Session Name: Featured Abstracts I: Evolving Therapies, Risks, and Outcomes in NETs Date: November 5, 2026 Time: 4:10 pm - 5:25 pm PST | About [[212]Pb]VMT-α-NET Perspective designed [[212] Pb]VMT-α-NET to target somatostatin receptor subtype 2 (SSTR2), and to deliver the alpha-emitting radioisotope lead-212, or 2[12]Pb, to tumor sites expressing SSTR2. The Company is conducting a multi-center, open-label, dose-escalation and dose-expansion study (clinicaltrials.gov identifier NCT05636618) of [[212] Pb]VMT-α-NET in patients with unresectable or metastatic SSTR2-positive tumors who have not received prior radiopharmaceutical therapies (RPT). Interim clinical data from the study, with a data cut-off date of April 17, 2026, were presented at the 2026 American Society of Clinical Oncology (ASCO) Annual Meeting in May 2026. These data included efficacy results for half of the patients in Cohort 2 and both patients in Cohort 1. Initial efficacy data for the remaining patients in Cohort 2 and patients in Cohorts 3 and 4 are pending. The Company plans to submit additional data for presentation at future medical conferences in 2026 and 2027. About Perspective Therapeutics, Inc. Perspective Therapeutics, Inc. is a radiopharmaceutical development company pioneering advanced treatments for cancers throughout the body. The Company has proprietary technology that utilizes the alpha-generating isotope [212] Pb to deliver powerful radiation specifically to cancer cells via specialized targeting moieties. The Company is also developing complementary imaging techniques that incorporate the same targeting moieties, which provides the opportunity to personalize treatment and optimize patient outcomes. This "theranostic" approach enables visualization of the specific tumor and subsequent treatment, potentially improving efficacy and minimizing toxicity. The Company is advancing a portfolio of clinical-stage programs in the U.S., including bamzireotide navoxetan (VMT-α-NET, neuroendocrine tumors), lapemelanotide zapixetar (VMT01, melanoma), and PSV359 (solid tumors). The Company is expanding its regional finished drug product candidate supply network, enabled by its proprietary [224] Ra/[212] Pb generator platform used to manufacture clinical drug product candidates, to support the delivery of patient-ready drug product candidates for clinical trials and, if approved, commercial operations. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Statements in this press release that are not statements of historical fact are forward-looking statements. Words such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "estimate," "believe," "predict," "potential," or "continue" or the negative of these terms or other similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words. Forward-looking statements in this press release include statements concerning, among other things, the Company's preclinical and clinical development plans and the expected timing for the release of additional data from its clinical programs; the Company's beliefs that its product candidates address certain unmet medical needs; the Company's expectations regarding regulatory pathways for its product candidates; the Company's expectations regarding its interactions with regulatory agencies and the expected timing thereof; the Company's regional distribution and manufacturing capabilities; and other statements that are not historical fact. The Company may not actually achieve the plans, intentions, or expectations disclosed in the forward-looking statements, and you should not place undue reliance on the forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the Company's actual results to differ materially from the results described in or implied by the forward-looking statements. Known risk factors include that the Company's clinical trials may be more costly or take longer to complete than anticipated, or may never be completed, or may not generate results that warrant future development of the tested product candidate; the Company may elect to change its strategy regarding its product candidates and clinical development activities; economic and market conditions may worsen; and risks related to the sufficiency of the Company's cash resources for its future operating expenses and capital expenditures. A more complete discussion of the risks and uncertainties facing the Company appears under the heading "Risk Factors" in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC"), in the Company's other filings with the SEC, and in the Company's future reports to be filed with the SEC and available at www.sec.gov. Forward-looking statements contained in this news release are made as of this date. Unless required to do so by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Media and Investor Relations Contacts:

GlobeNewswire
Oct 2nd, 2026
Perspective Therapeutics announces acceptance of [212pb]vmt01 data for presentation at SITC 2026.

Perspective Therapeutics announces acceptance of [212pb]vmt01 data for presentation at SITC 2026. SEATTLE, Oct. 02, 2026 (GLOBE NEWSWIRE) - Perspective Therapeutics, Inc. ("Perspective," the "Company," "we," "us," and "our") (NYSE AMERICAN: CATX), a radiopharmaceutical development company pioneering advanced treatments for cancers throughout the body, today announced that data from the Company's lapemelanotide zapixetar (also known as [[212]Pb]VMT01) program have been accepted for presentation at the Society for Immunotherapy of Cancer (SITC) 41st Annual Meeting & Pre-Conference Programs taking place November 4 to 8, 2026, in Phoenix, Arizona. SITC plans to release further details for regular abstracts on November 3, 2026. | Presenting Author | Abstract Title | Presentation Details | | Matthew Block, Department of Oncology, Mayo Clinic | A phase I/IIa trial of [[212] Pb]VMT01 MC1R-targeted alpha-particle mono- and combination-therapy with nivolumab in participants with previously treated unresectable or metastatic melanoma | Abstract Number: 571 Presentation type: Poster presentation Date: Friday, Nov. 6, 2026 Location: PCC-North Building-Lower Level-Exhibition Halls 4-5-6 | About [[212]Pb]VMT-01 Perspective designed [[212] Pb]VMT01 to target and deliver [212] Pb to metastatic melanoma tumor sites expressing MC1R, a protein that can be overexpressed in metastatic melanoma tumors.[1] The Company is conducting a multi-center, open-label dose escalation, dose expansion study (clinicaltrials.gov identifier NCT05655312) in patients with histologically confirmed melanoma and MC1R-positive imaging scans. Interim analysis with a data cut-off date of March 25, 2026 was presented at the 2026 American Society of Clinical Oncology (ASCO) Annual Meeting in May 2026. Highlights from the ASCO analysis included the following: * Patients were heavily pre-treated prior to entering trial with a median of 4 prior lines of systemic therapy (including prior checkpoint inhibitors) * One new response was observed early in the 3.0 mCi monotherapy cohort, in addition to a previously reported response, for a total of two responders out of seven treated patients * Six patients (86%) experienced stable disease or partial response out of the seven patients in the 3.0 mCi monotherapy cohort; four patients completed all three treatments with 24 weeks or more of follow-up since their first treatment, and two remained on treatment and in study * [[212]Pb]VMT01 was well-tolerated with no dose limiting toxicities (DLTs), no discontinuations due to adverse events, and no Grade 4 or Grade 5 treatment emergent adverse events (TEAEs) * Eight (30%) patients out of a total of 27 patients treated experienced Grade 3 TEAEs About Perspective Therapeutics, Inc. Perspective Therapeutics, Inc. is a radiopharmaceutical development company pioneering advanced treatments for cancers throughout the body. The Company has proprietary technology that utilizes the alpha-generating isotope [212] Pb to deliver powerful radiation specifically to cancer cells via specialized targeting moieties. The Company is also developing complementary imaging techniques that incorporate the same targeting moieties, which provides the opportunity to personalize treatment and optimize patient outcomes. This "theranostic" approach enables visualization of the specific tumor and subsequent treatment, potentially improving efficacy and minimizing toxicity. The Company is advancing a portfolio of clinical-stage programs in the U.S., including bamzireotide navoxetan (VMT-α-NET, neuroendocrine tumors), lapemelanotide zapixetar (VMT01, melanoma), and PSV359 (solid tumors). The Company is expanding its regional finished drug product candidate supply network, enabled by its proprietary [224] Ra/[212] Pb generator platform used to manufacture clinical drug product candidates, to support the delivery of patient-ready drug product candidates for clinical trials and, if approved, commercial operations. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Statements in this press release that are not statements of historical fact are forward-looking statements. Words such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "estimate," "believe," "predict," "potential," or "continue" or the negative of these terms or other similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words. Forward-looking statements in this press release include statements concerning, among other things, the Company's clinical development plans and the expected timing for the release of additional data from its clinical programs; the Company's regional distribution and manufacturing capabilities; and other statements that are not historical fact. The Company may not actually achieve the plans, intentions, or expectations disclosed in the forward-looking statements, and you should not place undue reliance on the forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the Company's actual results to differ materially from the results described in or implied by the forward-looking statements. Known risk factors include that the Company's preclinical development plans and clinical trials may be more costly or take longer to complete than anticipated, or may never be completed, or may not generate results that warrant future development of the tested product candidate; the Company may elect to change its strategy regarding its product candidates and development activities; economic and market conditions may worsen; regulatory agencies may issue decisions that negatively impact the Company's product candidates and clinical development plans; and risks related to the sufficiency of the Company's cash resources for its future operating expenses and capital expenditures. A more complete discussion of the risks and uncertainties facing the Company appears under the heading "Risk Factors" in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC"), in the Company's other filings with the SEC, and in the Company's future reports to be filed with the SEC and available at www.sec.gov. Forward-looking statements contained in this news release are made as of this date. Unless required to do so by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Media and Investor Relations Contacts: [1] Su DG, Djureinovic D, Schoenfeld D, et al. Melanocortin-1 Receptor Expression as a Marker of Progression in Melanoma. JCO Precis Oncol. 2024;8:e2300702. doi:10.1200/PO.23.00702.

GlobeNewswire
Sep 11th, 2026
Perspective Therapeutics announces acceptance of vmt-α-net data for presentation at the 38th EORTC-NCI-AACR Symposium 2026.

Perspective Therapeutics announces acceptance of vmt-α-net data for presentation at the 38th EORTC-NCI-AACR Symposium 2026. SEATTLE, Sept. 11, 2026 (GLOBE NEWSWIRE) - Perspective Therapeutics, Inc. ("Perspective," the "Company," "we," "us," and "our") (NYSE AMERICAN: CATX), a radiopharmaceutical development company pioneering advanced treatments for cancers throughout the body, today announced that updated data on the Company's [[212] Pb]VMT-α-NET program have been accepted for presentation as detailed below at the 38th EORTC-NCI-AACR (ENA) Symposium 2026 on Molecular Targets and Cancer Therapeutics taking place November 18 to 20, 2026 in Barcelona, Spain. The conference plans to release further details for abstracts on November 4, 2026. | Presenter | Abstract Title | Presentation Details | | Vikas Prasad, Washington University School of Medicine | Cohort level safety and efficacy results for [[212] Pb]VMT-α-NET in advanced somatostatin receptor subtype 2 (SSTR2+)-expressing neuroendocrine tumors (NETs): Cohorts 1-3 | Abstract Number: 334 Session Type: Poster session Session Title: New drugs Session Date: November 20, 2026 Session Time: 9:00am - 3:00pm CET / 3:00am - 9:00 am EST | About [[212]Pb]VMT-α-NET Perspective designed [[212] Pb]VMT-α-NET to target somatostatin receptor subtype 2 (SSTR2), and to deliver the alpha-emitting radioisotope lead-212, or 2[12]Pb, to tumor sites expressing SSTR2. The Company is conducting a multi-center, open-label, dose-escalation and dose-expansion study (clinicaltrials.gov identifier NCT05636618) of [[212] Pb]VMT-α-NET in patients with unresectable or metastatic SSTR2-positive tumors who have not received prior radiopharmaceutical therapies (RPT). Interim clinical data from the study, with a data cut-off date of April 17, 2026, were presented at the 2026 American Society of Clinical Oncology (ASCO) Annual Meeting in May 2026. These data included efficacy results for half of the patients in Cohort 2 and both patients in Cohort 1. Initial efficacy data for the remaining patients in Cohort 2 and patients in Cohorts 3 and 4 are pending. The Company plans to submit additional data for presentation at future medical conferences in 2026 and 2027. About Perspective Therapeutics, Inc. Perspective Therapeutics, Inc. is a radiopharmaceutical development company pioneering advanced treatments for cancers throughout the body. The Company has proprietary technology that utilizes the alpha-generating isotope [212] Pb to deliver powerful radiation specifically to cancer cells via specialized targeting moieties. The Company is also developing complementary imaging techniques that incorporate the same targeting moieties, which provides the opportunity to personalize treatment and optimize patient outcomes. This "theranostic" approach enables visualization of the specific tumor and subsequent treatment, potentially improving efficacy and minimizing toxicity. The Company is advancing a portfolio of clinical-stage programs in the U.S., including bamzireotide navoxetan (VMT-α-NET, neuroendocrine tumors), lapemelanotide zapixetar (VMT01, melanoma), and PSV359 (solid tumors). The Company is expanding its regional finished drug product candidate supply network, enabled by its proprietary [224] Ra/[212] Pb generator platform used to manufacture clinical drug product candidates, to support the delivery of patient-ready drug product candidates for clinical trials and, if approved, commercial operations. Safe Harbor Statement This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Statements in this press release that are not statements of historical fact are forward-looking statements. Words such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "estimate," "believe," "predict," "potential," or "continue" or the negative of these terms or other similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words. Forward-looking statements in this press release include statements concerning, among other things, the Company's preclinical and clinical development plans and the expected timing for the release of additional data from its clinical programs; the Company's beliefs that its product candidates address certain unmet medical needs; the Company's regional distribution and manufacturing capabilities; and other statements that are not historical fact. The Company may not actually achieve the plans, intentions, or expectations disclosed in the forward-looking statements, and you should not place undue reliance on the forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the Company's actual results to differ materially from the results described in or implied by the forward-looking statements. Known risk factors include that the Company's clinical trials may be more costly or take longer to complete than anticipated, or may never be completed, or may not generate results that warrant future development of the tested product candidate; the Company may elect to change its strategy regarding its product candidates and clinical development activities; economic and market conditions may worsen; and risks related to the sufficiency of the Company's cash resources for its future operating expenses and capital expenditures. A more complete discussion of the risks and uncertainties facing the Company appears under the heading "Risk Factors" in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC"), in the Company's other filings with the SEC, and in the Company's future reports to be filed with the SEC and available at www.sec.gov. Forward-looking statements contained in this news release are made as of this date. Unless required to do so by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Media and Investor Relations Contacts:

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