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ARTMS Inc. completes acquisition of Telix Pharmaceuticals Limited to strengthen medical isotope production

ARTMS Inc. completes acquisition of Telix Pharmaceuticals Limited to strengthen medical isotope production

04/12/24, 6:33 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgburnaby
https://purecatamphetamine.github.io/country-flag-icons/3x2/AU.svgmelbourne
Industry
medical device
manufacturing
biotechnology
biotechnology
ARTMS Inc. is pleased to announce the successful acquisition of Telix Pharmaceuticals Limited. This acquisition is set to enhance the supply chain and regulatory control of producing key isotopes at ARTMS, further strengthening its vertical integration in the manufacturing space. The acquisition will enable ARTMS to efficiently and cost-effectively support the large-scale production of medical isotopes and collaborate with other radiopharmaceutical companies to ensure the availability of these critical isotopes to patients. Additionally, ARTMS’s advanced cyclotron technology will facilitate Telix's production of future important commercial alpha-emitting therapeutic isotopes including radium-225 (225Ac) and astatine-211 (211At), allowing for immediate commercial use.

Company Info

Company
ARTMS
Location
Burnaby, British Columbia, Canada
Company info
ARTMS Inc. is a privately held, venture-backed company based in Burnaby, BC, Canada. The company specializes in the physics, chemistry, and materials science of cyclotron-produced radionuclides. ARTMS is known for its advanced cyclotron-based isotope production platform and its technology used by major manufacturing networks to optimize the production of a range of medical radioisotopes.
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