Radionetics deal takes Lilly deeper into radiopharma
US pharma major Eli Lilly (NYSE: LLY) has followed up last year’s $1.4 billion acquisition of radiopharmaceuticals firm POINT Biopharma Global with another deal in the field.
This time Lilly is teaming up with Radionetics Oncology, a San Diego biotech discovering and developing novel small molecule G protein coupled receptor (GPCR) targeted radiopharmaceuticals to treat a broad range of solid tumors.
The strategic relationship with Lilly will take forward Radionetics’ proprietary GPCR-targeting small molecule radiopharmaceuticals.
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