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GT Medical Technologies, Inc. completes acquisition of radioactive seed assets from Perspective Therapeutics, Inc.

PRIVATEApr 15, 2024

Acquiring Company

GT Medical Technologies

Acquired Company

Perspective Therapeutics

TempeRichlandBiotechnologyHealth CareMedicalHealthcare

Description

The strategic acquisition of Cesium-131 and related assets from Isoray Medical, a subsidiary of Perspective Therapeutics, Inc., solidifies GT MedTech's position as the sole manufacturer of Cesium-131 brachytherapy seeds for cancer treatments. This acquisition marks a significant investment for GT MedTech to vertically integrate the Cesium-131 manufacturing process, enhancing supply chain competencies and capabilities, and reinforcing the company's commitment to expand adoption of GammaTile® in the U.S.

Quick answer

GT Medical Technologies is acquiring Perspective Therapeutics, announced April 15, 2024. GT Medical Technologies is based in Tempe, Arizona, United States.

How much did GT Medical Technologies pay for Perspective Therapeutics?
The deal value was not disclosed.
What does GT Medical Technologies do?
GT Medical Technologies, Inc. (GT), an Arizona-based medical device company, is focused on improving the lives of patients with brain tumors.
Where are GT Medical Technologies and Perspective Therapeutics based?
GT Medical Technologies is based in Tempe, Arizona, United States. Perspective Therapeutics is based in Richland, Washington, United States.
Who are the decision-makers at GT Medical Technologies?
Fundz holds 1 contact at GT Medical Technologies. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

GT Medical Technologies

Location

1809 S HOLBROOK LANE, SUITE 107

Tempe, Arizona, United States

About

GT Medical Technologies, Inc. (GT), an Arizona-based medical device company, is focused on improving the lives of patients with brain tumors. GT has developed an innovative approach to treatment by combining a conformable collagen matrix with brachytherapy (radiation) seeds. The product has the promise to revolutionize treatment for 176,000 patients/year in the US alone. To date, we have treated 1000+ patients with brain tumors.

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Frequently asked

Who acquired Perspective Therapeutics?

Perspective Therapeutics was acquired by GT Medical Technologies, based in Tempe. The deal was reported on April 15, 2024. GT Medical Technologies, Inc. (GT), an Arizona-based medical device company, is focused on improving the lives of patients with brain tumors. GT Medical Technologies is privately held and operates in Biotechnology.

When did GT Medical Technologies acquire Perspective Therapeutics?

GT Medical Technologies's acquisition of Perspective Therapeutics was reported on April 15, 2024. The strategic acquisition of Cesium-131 and related assets from Isoray Medical, a subsidiary of Perspective Therapeutics, Inc., solidifies GT MedTech's position as the sole manufacturer of Cesium-131 brachytherapy seeds for cancer treatments. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Perspective Therapeutics do?

Perspective Therapeutics, Inc. is a biopharmaceutical company focusing on developing targeted alpha radioligand therapies for patients with intractable tumors. It is publicly traded (CATX), operating in Healthcare, and is based in Richland.

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