Lantheus buys Evergreen Theragnostics for over $1 billion to expand its cancer diagnostic tools.

Lantheus Holdings is acquiring Evergreen Theragnostics for over $1 billion in an all-cash deal, including an upfront payment of $250 million and potential milestone payments up to $752.5 million. This acquisition bolsters Lantheus' cancer radiopharmaceutical portfolio, adding OCTEVY, a PET diagnostic agent for neuroendocrine tumors, and enhancing its manufacturing and development capabilities. The deal is expected to close later this year, expanding Lantheus' oncology diagnostic pipeline and strengthening its position in the market.

2 months ago
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