M&A Deal Summary

PharmaLogic Acquires Lantheus Puerto Rico Radiopharmacy and PET Manufacturing Facility

On December 3, 2020, PharmaLogic acquired life science company Lantheus Puerto Rico Radiopharmacy and PET Manufacturing Facility from Lantheus Medical Imaging for 18M USD

Acquisition Highlights
  • This is PharmaLogic’s 1st transaction in the Life Science sector.
  • This is PharmaLogic’s largest (disclosed) transaction.
  • This is PharmaLogic’s 1st transaction in Puerto Rico.

M&A Deal Summary
Date 2020-12-03
Target Lantheus Puerto Rico Radiopharmacy and PET Manufacturing Facility
Sector Life Science
Buyer(s) PharmaLogic
Sellers(s) Lantheus Medical Imaging
Deal Type Divestiture
Deal Value 18M USD

Target

Lantheus Puerto Rico Radiopharmacy and PET Manufacturing Facility

San Juan, Puerto Rico
Lantheus' Puerto Rico Radiopharmacy and PET Manufacturing Facility include both the Lantheus radiopharmacy and PMF businesses located in San Juan, Puerto Rico. The radiopharmacy prepares individual, patient-ready doses of radiopharmaceuticals, and the PMF manufactures the drug product for individual, patient-ready doses of fluorodeoxyglucose (FDG).

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Buyer(S) 1

Buyer

PharmaLogic

Boca Raton, Florida, United States

website

Category Company
Founded 1993
Sector Healthcare Services
DESCRIPTION

PharmaLogic operates regional nuclear pharmacies throughout the U.S. which compound and dispense patient-specific intravenous drugs and solutions for use in diagnostic imaging and radiopharmaceutical therapy. PharmaLogic was formed in 1993 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (Puerto Rico) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Lantheus Medical Imaging

North Billerica, Massachusetts, United States

website

Category Company
Founded 1956
Sector Medical Products
Employees612
Revenue 425M USD (2021)
DESCRIPTION

Lantheus Medical Imaging is a supplier of radiopharmaceuticals and contrast agents for nuclear and ultrasound-based cardiovascular diagnostic imaging procedures. Lantheus Medical Imaging was founded in 1956 and is based in North Billerica, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
Country (Puerto Rico) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Progenics Pharmaceuticals

Tarrytown, New York, United States

Progenics Pharmaceuticals, Inc. is a pharmaceutical company provides medicines to treat disease, focusing on cancer and related conditions with a pipeline that includes product candidates in preclinical through late-stage development. Progenics Pharmaceuticals was founded in 1986 and is based in New York City, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 Cerveau Technologies

Knoxville, Texas, United States

Cerveau Technologies is a provider of information and technology to researchers and clinicians in order to improve brain health. Cerveau Technologies is based in Knoxville, Texas.

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