Lilly moves into new sector

Country

United States

The radiopharmaceutical sector has a new player. This is Eli Lilly and Co which is to pay $1.4 billion to acquire POINT Biopharma Global Inc of Indianapolis, US, a clinical stage company with candidate radioligand therapies for the treatment of cancer. The deal, valued at $12.50 per share in cash, has been approved by the boards of both companies and is expected to close by the end of the year.