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Lantheus Holdings, Inc. reports news on its radiopharmaceutical business, including diagnostic imaging agents, radiotherapeutic assets, regulatory decisions and financial results. The company organizes revenue around Radiopharmaceutical Oncology, Precision Diagnostics and Strategic Partnerships and Other Revenue, with products used by hospitals, independent imaging centers, government facilities and distribution partners in the United States and abroad.
Recurring updates include quarterly earnings, business guidance, FDA activity for products such as PYLARIFY TruVu, PYLARIFY, Lutetium Lu 177 Dotatate (PNT2003) and LNTH-2501, share repurchases, investor presentations and strategic updates involving radiodiagnostics and radiotherapeutic programs.
Lantheus Holdings (NASDAQ: LNTH) announced the promotions of Paul Blanchfield to President and Dan Niedzwiecki to Chief Administrative Officer on March 17, 2023. Blanchfield, who previously served as Chief Operating Officer, will oversee commercial and technical operations as well as the medical function. His experience includes significant roles in pharmaceutical management. Niedzwiecki, with over 20 years in legal and business experience, will continue overseeing legal and intellectual property, while also managing human resources and corporate communications. These promotions are expected to support Lantheus’s mission to improve patient outcomes through advanced diagnostics and therapeutic solutions.
Lantheus Holdings, Inc. (NASDAQ: LNTH) reported impressive financial results for 2022, showing a remarkable increase in worldwide revenue of $263.2 million for Q4 and $935.1 million for the full year, which represents growth of 103.1% and 119.9% year-over-year, respectively. The company reported a GAAP net loss of $119.2 million for Q4 but achieved a net income of $28.1 million for the full year. Adjusted fully diluted EPS rose significantly to $1.37 for Q4 and $4.22 for the full year, compared to $0.25 and $0.49 in 2021. Free cash flow also saw substantial growth, standing at $100.6 million for Q4 and $263.4 million for the full year 2022. The company provided a positive outlook for 2023, targeting revenue between $1.140 billion and $1.160 billion.
Lantheus Holdings (NASDAQ: LNTH) presented significant findings on piflufolastat F 18 at the 2023 American Society of Clinical Oncology Genitourinary Cancers Symposium. This PSMA-targeted radiopharmaceutical is approved for imaging in prostate cancer patients. Notably, in a study, management plans were altered in 39.1% of patients with PSA levels below 0.5 ng/mL, with 74.1% of these cases leading to intensified treatment. The findings underscore the importance of piflufolastat F 18 in tailoring patient management strategies for low PSA levels, potentially improving outcomes for those diagnosed with prostate cancer.
Lantheus Holdings will host a conference call and webcast on February 23, 2023, at 8:00 a.m. ET to discuss its financial results for Q4 and the full year of 2022. Participants are encouraged to register early to avoid delays. A replay will be available approximately two hours after the event.
Lantheus has been in the life sciences field for over 65 years, focusing on diagnostics, radiotherapeutics, and AI solutions to enhance patient outcomes. For further details, visit their official website.
On February 8, 2023, Lantheus Holdings (NASDAQ: LNTH) announced its upcoming presentation of data on piflufolastat F 18 at the 2023 ASCO Genitourinary Cancers Symposium in San Francisco from February 16-18, 2023. The presentation will focus on its efficacy in imaging prostate cancer, particularly in patients with low PSA levels. Dr. Frederic Pouliot will present findings from the CONDOR study during the session titled Changes in planned disease management after piflufolastat F 18 PET/CT. The results indicate significant management changes for nearly two-thirds of patients, highlighting the agent’s clinical utility.
Lantheus Holdings (NASDAQ: LNTH) announced its acquisition of Cerveau Technologies for the clinical-stage PET imaging agent MK-6240, which targets Tau tangles in Alzheimer’s disease. This acquisition diversifies Lantheus' radiopharmaceutical pipeline, providing access to the most widely-used Tau PET agent. MK-6240 is currently involved in over 60 clinical trials globally and can enhance diagnosis and treatment for the estimated 6.5 million Americans with Alzheimer’s. The acquisition includes an upfront payment, potential milestone payments, and double-digit royalties on sales.
Lantheus Holdings (NASDAQ: LNTH) announced that Mary Anne Heino, President and CEO, will present at the J.P. Morgan 2023 Healthcare Conference on January 11, 2023, at 1:30 p.m. PST. The webcast of the presentation will be accessible via the Investors section of the company’s website, where it will also be replayable for at least 30 days. Lantheus is focused on diagnostics, radiotherapeutics, and AI solutions to enhance patient outcomes and has over 65 years of experience in the healthcare sector.
Lantheus Holdings (NASDAQ: LNTH) announced the successful closing of strategic collaboration agreements with POINT Biopharma Global, aimed at enhancing diagnostics and radiotherapeutics. The closing was subject to standard conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Act. With over 65 years of experience, Lantheus continues to focus on improving patient outcomes through innovative solutions. The agreement is expected to strengthen Lantheus' position in the life-changing radiopharmaceutical sector.
Lantheus Holdings (NASDAQ: LNTH) announced a strategic collaboration with SonoThera to combine its microbubble technology with SonoThera's ultrasound-guided, nonviral gene therapy platform. This partnership aims to enhance the delivery of genetic therapies, potentially offering a safer and more effective alternative to traditional viral vectors. Lantheus' microbubbles have been widely used in cardiac imaging, with over 21 million studies performed since 2001. The collaboration seeks to improve gene therapy applications through novel delivery methods, marking an innovative step in genetic medicine.
Lantheus Holdings announced the pricing of $500 million in convertible senior notes due 2027, targeting qualified institutional buyers. The company expects to net approximately $485 million after expenses, with proceeds partly used for a $150 million stock repurchase program. The notes, with a 2.625% interest rate, can be converted to common stock at a rate of 12.5291 shares per $1,000. The initial conversion price is about $79.81, a 42.5% premium over the recent stock price. The offering is set to close on December 8, 2022.