Connect with us

Hi, what are you looking for?

Jewish Business News


Alpha Tau Medical Makes IPO SPAC Merger Worth $1 Billion

Alpha Tau Medical Alpha DaRT trial team led by Dr. Mark D’Andrea (center in photo),

Israeli medtech startup Alpha Tau Medical has developed a new form of cancer therapy which uses alpha radiation. Alpha Tau Medical is now looking ahead to its IPO. Globes reports that Alpha Tau has entered into an SPAC merger with special purpose acquisition company Healthcare Capital Corp. The new company has an expected valuation of $1 billion.

Investopedia explains that a special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as “blank check companies,” SPACs have been around for decades. While Alpha Tau Medical has not stated officially that there will be an IPO, an SPAC merger is done ahead of one.

Founded in 2016, Alpha Tau Medical focuses on research, development and commercialization of Alpha DaRT (Diffusing Alpha-Emitters Radiation Therapy) for the treatment of solid cancer tumors. Initially developed at Tel Aviv University in 2003, Alpha DaRT was shown to be effective and safe for treating different types of cancer in multiple animal studies. The company is running its first clinical trial in several sites in the EU and is currently commencing clinical trials at over 55 leading cancer centers worldwide.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.
“With our passion for research and humanity, we are striving to enable a cancer treatment that destroys tumors while sparing healthy tissue and save the lives of millions of patients around the world.”

The news of the Alpha tau Medical SPAC merger comes just a day after the company announced that the first participant in its US pilot trial for skin cancer has been treated with Alpha DaRT, at University Cancer Center in Houston, Texas.

Alpha DaRT, boasts Alpha Tau Medical, enables the highly potent and uniquely conformal alpha-irradiation of solid tumors. The treatment is delivered by intratumoral insertion of radionuclide Radium-224, which leads to the release and diffusion of daughter radioisotopes that emit alpha particles. These alpha particles have the capacity to destroy solid tumors. Since the alpha-emitting atoms diffuse only a short distance in tissue, Alpha DaRT mainly damages the tumor, while sparing the healthy tissue around it.

About this news, Alpha Tau CEO Uzi Sofer remarked, “We are so excited to have treated our first patient in the critical US market, after expanding our MSK trial to new sites including University Cancer Center in Houston. As we had hoped, following the Breakthrough Device Designation, our clinical studies are starting to progress rapidly, and we anticipate treating patients at additional US sites in the near future, which we believe will confirm the promising results we have observed so far in our other trials around the world.”



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News