Radiopharma boom continues as Telix makes another buy

24 September 2024

Australian biotech company Telix Pharmaceuticals (ASX: TLX) is to acquire USA-based RLS Radiopharmacies, expanding its manufacturing and distribution footprint in North America.

The deal is valued at $230 million upfront, with an additional $20 million contingent on performance milestones.

The purchase strengthens Telix’s supply chain and advances its radiometal production capabilities, a strategic move to meet growing demand for diagnostic and therapeutic radiopharmaceuticals.

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.

Login to your account

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

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical