Lantheus To Buy Evergreen Theragnostics For Over $1 Billion To Bolster Its Cancer Radiopharmaceutical Portfolio - Lantheus Holdings (NASDAQ:LNTH)
- Lantheus Holdings, Inc. Agreed to acquire Evergreen Theragnostics, Inc. In an all-cash transaction worth over $1 billion, with an upfront payment of $250 million and up to $752.5 million in milestone payments.
- The acquisition will enhance Lantheus' cancer radiopharmaceutical portfolio by adding Octevy, a diagnostic agent for neuroendocrine tumors, and several theranostic pairs.
- The transaction is expected to close in the second half of 2025 and has been approved by the boards of both companies.
- Lantheus reaffirmed its fiscal year 2024 revenue guidance of $1.51 billion to $1.52 billion and adjusted earnings per share of $6.65 to $6.70.
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