The initial reaction to Telix Pharmaceuticals Ltd's announcement of a $3.3 billion merger with German company ITM appears lukewarm, with its shares falling more than 6%.
ITM, Telix said, is the world's leading supplier of therapeutic radioisotopes and the only producer of globally-scaled, commercial-grade lutetium-77.
Telix said ITM grew at a compound annual rate of 40% from 2021 to 2025 and generated US$273 million in revenue in 2025.
Telix Managing Director Dr Christian Behrenbruch said:.
RBC Capital Markets also released a research note at the time, valuing the company at $19.
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The initial reaction to Telix Pharmaceuticals Ltd's announcement of a $3.3 billion merger with German company ITM appears lukewarm, with its shares falling more than 6%.
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The article, shortened and in plain language
The initial reaction to Telix Pharmaceuticals Ltd's announcement of a $3.3 billion merger with German company ITM appears lukewarm, with its shares falling more than 6%.
The Australian company said in a statement to the ASX that it would pay ITM shareholders an upfront payment of US$1.65 billion, with more contingent payments of US$700 million.
ITM, Telix said, is the world's leading supplier of therapeutic radioisotopes and the only producer of globally-scaled, commercial-grade lutetium-77.
The merger will further strengthen Telix's leadership as a vertically integrated radiopharmaceutical company with the capabilities needed to develop, manufacture and deliver innovative treatments to patients globally.
Telix said ITM grew at a compound annual rate of 40% from 2021 to 2025 and generated US$273 million in revenue in 2025.
Telix added that the global market for radioisotopes was growing, with the nuclear medicine market expected to be worth US$34 billion by 2034.
Telix Managing Director Dr Christian Behrenbruch said:.
Telix shares were 6.1% lower on the news at $16.77.
RBC Capital Markets also released a research note at the time, valuing the company at $19.
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