Lantern Pharma

Overview
News
AI Drug Discovery?
Product stageSegments
Early
?
AI SaaS | Biomarker Development
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Seed
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AI Drug Discovery & Development
?

Lantern Pharma is a clinical stage biotechnology company combining AI, genomics, and machine learning to deliver precision oncology therapies. The company’s proprietary platform RADR is used for drug discovery, biomarker discovery, drug repurposing, and the development of precision therapeutics. 

The platform reportedly surpassed 60 billion data points in March 2024, and uses big analytics, combining molecular data, drug efficacy data, data from historical studies, data from scientific literature, and phenotypic trials and publications, as well as mechanistic pathway data.

As of March 2024, the company had four drug candidates and one drug program in its pipeline across 11 tumor targets, including two Phase II programs.

In March 2023 , the company launched a new wholly-owned subsidiary called “Starlight Therapeutics,” dedicated to developing novel treatments focused on the central nervous system (CNS) and brain cancers. 

Key customers and partnerships

Lantern Pharma established several partnerships to develop cancer therapies, including partnerships with Johns Hopkins (December 2020), Fox Chase Cancer Center (September 2020), National Cancer Institute ( October 2019 ), Danish Cancer Society Research Center (DCRC), and UT Health San Antonio.

The company’s customers include Actuate Therapeutics to accelerate its drug candidate for cancer and fibrotic disease (May 2021).

Funding and financials

Lantern Pharma went public on June 11, 2020, and is traded on the Nasdaq under the ticker symbol “LTRN,” raising USD 26.3 million in its IPO. In FY2023 , the company reported a net loss of USD 1.47 per share, a 12% increase YoY.

HQ location:
1920 McKinney Ave. 7th Floor Dallas TX USA
Founded year:
2013
Employees:
11-50
IPO status:
Public
Total funding:
USD 95.0 mn
Last Funding:
USD 60.0 mn (Post IPO Secondary; Jan 2021)
Last valuation:
-
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