New Acquisition to Strengthen Lantheus’s Position in Alzheimer’s Radiodiagnostic MarketNew Acquisition to Strengthen Lantheus’s Position in Alzheimer’s Radiodiagnostic Market
The company is set to acquire Life Molecular for an upfront payment of $350 million and an additional $400 million in potential earn-out and milestone payments.
January 13, 2025
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Dealmaking is getting off to a strong start in 2025. With several deals announced the first full week of the year, Lantheus Medical keeps the momentum going after reporting a plan to acquire Life Molecular.
Terms of the deal call for Lantheus to acquire Life Molecular for an upfront payment of $350 million and an additional $400 million in potential earn-out and milestone payments. In addition, Lantheus UK may pay up to $30 million towards Seller’s retained future contingent liabilities under certain contractual arrangements.
The acquisition is expected to immediately enhance Lantheus’ near and long-term growth profile and establish a commercial Alzheimer’s disease (AD) franchise with the addition of Neuraceq (florbetaben F18 injection). Neuraceq is a globally approved1, F-18 radioactive diagnostic agent indicated for PET imaging of the brain to estimate β-amyloid neuritic plaque density in adult patients with cognitive impairment who are being evaluated for AD and other causes of cognitive decline. Neuraceq can be used to confirm eligibility for new AD therapies. Life Molecular also provides robust R&D capabilities, a strong commercial infrastructure, and an established international presence, which Lantheus plans to utilize to accelerate the development, advancement, and commercialization of the combined company’s pipeline.
“This acquisition aligns with our strategy to drive long-term growth and value creation by investing in high-potential, complementary assets and R&D capabilities to strengthen our radiopharmaceutical leadership,” said Brian Markison, CEO of Lantheus. “This is a natural extension of our existing RM2 partnership, and we are ideally equipped to collectively grow Neuraceq and advance Life Molecular’s diverse radiopharmaceutical assets. We are excited to welcome their exceptionally talented team, whose expertise will further enhance our capabilities in the development and commercialization of innovative radiodiagnostic solutions. With our combined resources and financial strength, we are well-positioned to deliver a meaningful impact for patients and clinicians worldwide.”
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