Lantern Pharma Starts U.S. IPO Process [Seeking Alpha]
CANCER GENETICS (CGIX)
Last cancer genetics earnings: 11/19 04:16 pm
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Source: Seeking Alpha
SummaryLantern Pharma has filed to raise $29 million in a U.S. IPO, although the final figure may differ.The firm is advancing a pipeline of drug treatment candidates for various cancers.LTRN is using its proprietary RADR system to identify existing drug programs that may be optimized for increased chances of success.Quick TakeLantern Pharma (registration statementThe firm is developing a pipeline of drug candidates for the treatment of prostate, lung and other cancers.LTRN seeks to use its proprietary AI platform to better identify existing or past failed drug programs that may be repurposed or otherwise enhanced to achieve development success.I’ll provide an opinion when we learn more IPO details from management.Company & TechnologyDallas, Texas-based Lantern was founded to use its proprietary artificial intelligence platform, called RADR, to streamline its drug targeting and patient population identification efforts.Management is headed by president and Chief Executive Officer Mr.
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