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Oncology

Lilly enters $140 million radiopharmaceutical pact

by Rowan Walrath
July 11, 2024 | A version of this story appeared in Volume 102, Issue 21
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Eli Lilly and Company is backing another radiopharmaceutical developer, this time paying San Diego–based Radionetics $140 million up front to make drugs that target a family of proteins called G protein–coupled receptors that are overexpressed on cancer cells. Radionetics will pair small-molecule ligands with radioisotopes purpose fit for their targets. Lilly recently bought another radiopharma firm, Point Biopharma, and partnered with Aktis Oncology.

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