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Telix to merge with ITM for $2.35 billion

PUBLIC · TLXOct 15, 2026

Acquiring Company

Telix Pharmaceuticals Limited

Acquired Company

ITM Isotope Technologies Munich SE

MelbourneMunichBiotechnologyManufacturingHealth Care

Description

Telix Pharmaceuticals is set to merge with ITM in a deal valued at US$2.35 billion. This merger aims to combine the strengths of both companies in the radiopharmaceutical sector. The merger is expected to be a transformative step in addressing the growing demand for therapeutic isotopes. Approval from Telix holders is necessary as ITM is a private entity.

Company Information

Company

Telix Pharmaceuticals Limited

Location

Melbourne, Victoria, Australia

About

Telix Pharmaceuticals Limited (ASX: TLX) is a leading pharmaceutical company specializing in advanced diagnostic and therapeutic radiopharmaceuticals. Telix is committed to improving the diagnosis and treatment of cancer and other serious diseases by developing innovative products and technologies.

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Frequently asked

Who acquired ITM Isotope Technologies Munich SE?

ITM Isotope Technologies Munich SE was acquired by Telix Pharmaceuticals Limited, based in Melbourne. The deal was reported on October 15, 2026. Telix Pharmaceuticals Limited (ASX: TLX) is a leading pharmaceutical company specializing in advanced diagnostic and therapeutic radiopharmaceuticals. Telix Pharmaceuticals Limited is publicly traded (TLX) and operates in Biotechnology.

When did Telix Pharmaceuticals Limited acquire ITM Isotope Technologies Munich SE?

Telix Pharmaceuticals Limited's acquisition of ITM Isotope Technologies Munich SE was reported on October 15, 2026. Telix Pharmaceuticals is set to merge with ITM in a deal valued at US$2.35 billion. This merger aims to combine the strengths of both companies in the radiopharmaceutical sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ITM Isotope Technologies Munich SE do?

www.itm-radiopharma.com. It is privately held, operating in Manufacturing, and is based in Munich.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.