Thor Medical (TRMED) R&D Day 2021 summary
Event summary combining transcript, slides, and related documents.
R&D Day 2021 summary
14 Oct, 2026Strategic vision
Strategy focused on building value from Betalutin beyond the pivotal Phase 2b PARADIGME trial and developing broader CD37-targeted opportunities in blood cancers and immune diseases.
CD37 was presented as a validated target, with Betalutin positioned for potential use across NHL indications where its profile could address unmet needs.
Betalutin development
Planned clinical expansion includes earlier-line follicular lymphoma (FL) and other NHL subtypes, including diffuse large B-cell lymphoma (DLBCL); prior study insights are expected to inform development.
Presentations were set to cover CMC preparation for a Betalutin BLA and launch-readiness work, contingent on successful clinical and regulatory processes.
CD37 pipeline
Pipeline opportunities include Humalutin, a lutetium-177 radioimmunotherapy candidate for NHL, and Alpha37, a lead-212 alpha-emitting candidate being explored with Oranomed for relapsed/refractory CLL.
Other opportunities include a fully humanized anti-CD37 antibody for blood cancers and autoimmune diseases, and a CD37 DOTA CAR-T cell program in collaboration with the University of Pennsylvania.
Latest events from Thor Medical
- PARADIGME ends; pipeline development shifts to other CD37 assets.TRMED
PARADIGME Update - PARADIGME readout shifted to H1 2022 as COVID-related recruitment challenges persist.TRMED
PARADIGME Update - AlphaOne is operational, ramping up sales with strong order backlog and EBITDA breakeven expected in 2027.TRMED
H1 2026 - AlphaOne is fully funded, with a NOK 850M order backlog and commercial ramp-up set for 2026.TRMED
H2 2025 - AlphaOne fully funded, expanded by 40%, with first sales and NOK 700–770m order backlog.TRMED
H1 2025 - Targets $1bn+ revenue and 1M+ patient doses annually with AlphaOne plant and global expansion.TRMED
Capital Markets Update 2024 - Pilot facility on track, fully funded, and commercial scale-up planned for 2025.TRMED
H1 2024 - AlphaOne fully funded, construction imminent, and demand outpaces current capacity.TRMED
H2 2024