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News 2026-09-21 06:57 UTC

Telix agrees $1.65 bln deal to buy radioisotope producer ITM

Telix will acquire ITM Isotope Technologies Munich for $1.65 billion upfront, assuming $302 million in net debt. The deal includes up to $700 million in contingent payments tied to ITM-11 regulatory approvals and sales milestones. The combined business targets unaudited pro forma 2026 revenue and income exceeding $1.3