Australian biopharma buys radioisotope producer in its next step to ‘double’ capacity in 2024
Telix Pharmaceuticals is still on its radiopharma manufacturing shopping spree. The Australian biotech is buying commercial-stage radioisotope producer ARTMS for $57.5 million upfront, with an extra $24.5 million for future milestones.
Just last week, Telix also announced it bought Texas-based radiopharma company IsoTherapeutics for $8 million upfront. For 2023, Telix touted it doubled its in-house manufacturing, with plans to double again in 2024.
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