Lilly Looks To Take POINT On Emerging Cancer Radiopharmaceutical Space

 
• By Joseph Haas
  
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Lilly has agreed to pay $1.4bn to acquire Point even though the company’s two lead candidates are out-licensed to Lantheus. The deal looks like an early-stage play to build a strong position in an emerging field.

Radioisotope
Lilly moves into radioligand therapy for cancer with buyout of Point • Source: Shutterstock

Eli Lilly and Company continued a year of strategic bolt-on acquisitions on 3 October with the planned buyout of the radiopharmaceutical company POINT Biopharma Global Inc., with a tender offer that it expects to total approximately $1.4bn. The deal marks Lilly’s move into radioligand therapies for cancer, and Point’s early-stage pipeline and its isotope supply chain seems to have driven it, as it has already out-licensed a pair of late-stage radiopharmaceutical candidates that it is positioning to compete with Novartis AG’s Lutathera and Pluvicto.

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