Lantheus rides radiopharma wave with $1 billion deal

28 January 2025

Massachusetts-based radiopharmaceutical company Lantheus (Nasdaq: LNTH) has announced its plans to acquire clinical-stage radiopharma developer Evergreen Theragnostics in a deal worth up to $1 billion.

The agreement includes a $250 million upfront cash payment and up to $752.5 million in milestone payments tied to Evergreen's pipeline and diagnostic products.

The transaction, set to close in the second half of 2025 pending regulatory approval, will provide Lantheus with Evergreen's radioligand therapy (RLT) manufacturing infrastructure, reducing its current reliance on third-party suppliers while helping scale up production for commercial launches.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK