IsoTherapeutics Group, LLC (IsoTherapeutics) is a privately held, commercial-stage radiopharmaceutical company that provides radiochemistry and bioconjugation development and contract manufacturing services. It specializes in developing novel therapeutic and diagnostic agents for severe diseases. The company's scientists have received over 100 patents for their work in chemistry and radiopharmaceutical formulations.
IsoTherapeutics enhances Telix Pharmaceuticals' in-house development capabilities and expands its US manufacturing footprint, particularly in bioconjugation and isotope processing. It has a GMP clean room and production infrastructure suitable for clinical use, with extensive capacity to process various therapeutic isotopes used in Telix's development portfolio.
In April 2024, Telix Pharmaceuticals completed the acquisition of IsoTherapeutics for a total consideration of up to USUSD 13.6 million, comprising an upfront payment and performance-related milestone payments. The acquisition aligns with Telix's strategy of vertical integration, enabling it to innovate and scale up manufacturing while gaining greater control over the isotope supply chain to support the commercialization of its investigational therapeutic assets.
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