logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

ARTMS Inc. completes acquisition of Telix Pharmaceuticals Limited to strengthen medical isotope production

Apr 12, 2024over 1 year ago

Acquiring Company

ARTMS

Acquired Company

Telix Pharmaceuticals Limited

BurnabyMelbourneMedical DeviceManufacturingBiotechnologyBiotechnology

Description

ARTMS Inc. is pleased to announce the successful acquisition of Telix Pharmaceuticals Limited. This acquisition is set to enhance the supply chain and regulatory control of producing key isotopes at ARTMS, further strengthening its vertical integration in the manufacturing space. The acquisition will enable ARTMS to efficiently and cost-effectively support the large-scale production of medical isotopes and collaborate with other radiopharmaceutical companies to ensure the availability of these critical isotopes to patients. Additionally, ARTMS’s advanced cyclotron technology will facilitate Telix's production of future important commercial alpha-emitting therapeutic isotopes including radium-225 (225Ac) and astatine-211 (211At), allowing for immediate commercial use.

Company Information

Company

ARTMS

Location

Burnaby, British Columbia, Canada

About

ARTMS Inc. is a privately held, venture-backed company based in Burnaby, BC, Canada. The company specializes in the physics, chemistry, and materials science of cyclotron-produced radionuclides. ARTMS is known for its advanced cyclotron-based isotope production platform and its technology used by major manufacturing networks to optimize the production of a range of medical radioisotopes.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed