Telix Pharmaceuticals (ASX:TLX) Acquires TheraPharm - Sequoia Direct Pty Ltd

30NovNovember 30, 2020

Telix Pharmaceuticals (ASX:TLX) Acquires TheraPharm

Telix Pharmaceuticals (ASX:TLX) has entered into an agreement with Scintec Diagnostics GmbH to acquire TheraPharm GmbH.

TheraPharm is a Swiss-German biotechnology company developing innovative diagnostic and therapeutic solutions in the field of haematology.

The acquisition of TheraPharm provides Telix with access to a portfolio of patents, technologies, production systems, clinical data and know-how in relation to the use of Molecularly Targeted Radiation (MTR) in haematology and immunology.

TheraPharm is developing antibody MTR technology against CD66, a cell surface target highly expressed by neutrophils (a type of granulocyte, a category of white blood cell) and tumour-infiltrating lymphocytes.

As such, the technology has potentially very broad applications in the diagnosis and treatment of hematologic diseases (e.g. blood cancers), infection management and a variety of lymphoproliferative diseases.

Telix Pharmaceuticals (ASX:TLX) are trading 7.4 per cent higher at $3.49.

Copyright 2020 – Finance News Network

Source: Finance News Network

Related Posts

03JunJune 3, 2020

Perseus Mining (ASX:PRU) to acquire Exore Resources

03 Jun 2020 - Perseus Mining (ASX:PRU) will acquire junior Exore Resources in a $64 million all scrip deal.

16MayMay 16, 2023

Stocks of the Hour: Spenda, Cettire, Immutep

16 May 2023 - A snapshot of the stocks on the move featuring Spenda (ASX:SPX), Cettire (ASX:CTT) and Immutep (ASX:IMM).

15NovNovember 15, 2022

Stocks of the Hour: MSL Solutions, Lycaon Resources, Victory Goldfields

15 Nov 2022 - A snapshot of the stocks on the move featuring MSL Solutions (ASX:MSL), Lycaon Resources (ASX: LYN) and Victory Goldfields (ASX:1VG).

31JulJuly 31, 2023

Stocks of the Hour: AD1 Holdings, New World Resources, Matsa Resources

31 Jul 2023 - A snapshot of the stocks on the move, featuring AD1 Holdings (ASX:AD1), New World Resources (ASX:NWC) and Matsa Resources (ASX:MAT).

10DecDecember 10, 2019

WiseTech Global (ASX:WTC) buys South Korean customs solutions provider

10 Dec 2019 - Global logistics solutions group, WiseTech Global (ASX:WTC) has bought Ready Korea, a customs solutions provider in South Korea.

16DecDecember 16, 2019

Beach (ASX:BPT) provides Beharra Springs Deep update

16 Dec 2019 - Beach Energy Limited (ASX:BPT) has completed flow testing at the Beharra Springs Deep-1 gas discovery in licence L11 in the Perth Basin.

15JanJanuary 15, 2021

Tilt Renewables (ASX:TLT) production up 62% in December quarter YoY

15 Jan 2021 - Tilt Renewables (ASX:TLT) has released its quarterly production results for the three months to 31 December 2020. Total group production was up 62 per cent compared to the December 2019 quarter.

28JulJuly 28, 2020

Rio Tinto (ASX:RIO) discovers new gold zone at Winu project

28 Jul 2020 - Mining group Rio Tinto (ASX:RIO) announces a discovery of a new zone of gold dominant mineralisation at its Winu copper-gold project in WA.

09NovNovember 9, 2021

Stocks of the Hour: NAB, Crown Resorts & PointsBet

09 Nov 2021 - A snapshot of the stocks on the move, featuring NAB (ASX:NAB), Crown Resorts (ASX:CWN) & PointsBet (ASX:PBH).

05MarMarch 5, 2021

Costa Group (ASX:CGC) acquisitions

05 Mar 2021 - Fruit and vegetable grower, Costa Group (ASX:CGC) has inked conditional agreements to buy both the farming operations of KW Orchards citrus farm, as well as the EJT citrus packing facility.