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.

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