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Home » Telix expands urology pipeline with $35M acquisition of Lightpoint Medical
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Telix expands urology pipeline with $35M acquisition of Lightpoint Medical

June 27, 2023
By Tamra Sami
Telix Pharmaceuticals Ltd. will acquire Lightpoint Medical Ltd. in a $35 million deal that will expand its urology pipeline and bring in house a new surgery-focused unit. Under the terms of the deal, Telix of Melbourne, Australia, will pay Lightpoint $20 million up front and a further $15 million on achievement of certain development milestones. The up-front payment will be paid in equity, and the additional milestones will be payable in cash or equity, at Telix’s election.
BioWorld Asia Deals and M&A Genitourinary/sexual function Australia

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