Aktis Oncology Raises $318M in First Biotech IPO of 2026

Friday, Jan 9, 2026 10:36 pm ET1min read

Aktis Oncology, a radiopharmaceutical drug developer, raised $318 million in the first biotech IPO of 2026. The company priced 17.65 million shares at $18 each, exceeding its planned offering size after Eli Lilly purchased $100 million worth of shares. Aktis will begin trading on Nasdaq under the ticker symbol "AKTS." The company is developing a cancer drug targeting Nectin-4 and solid tumors expressing B7-H3.

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