Market News AIOpen the app

PharmaLogic is buying Lantheus' CDMO business and its Springfield manufacturing plant.

DealRead the original at prnewswire.com
Neutral

Lantheus is selling its drug-making business and Springfield site, but PharmaLogic will still make lutetium Lu 177 dotatate for it under a long-term supply deal. The undisclosed sale terms and pending review leave the company’s outlook little changed.

LNTH · Lantheus Holdings, Inc.

AI read · Neutral

The AI's read

The sale removes an owned manufacturing operation, but PharmaLogic will still make lutetium Lu 177 dotatate for Lantheus under the supply deal. The companies did not share the sale terms, so the source does not show how much cash Lantheus receives or how its costs may change. The deal also awaits regulatory review and other closing steps. Together, these facts leave the company’s outlook little changed.

Get alerts for LNTH

Follow Lantheus Holdings, Inc. (LNTH) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for LNTH
Free on the App Store and Google Play, or on the web.