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Eli Lilly and Aktis enter $1bn partnership to develop anticancer radiopharmaceuticals

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This up-and-coming cancer treatment could be a $25 billion market opportunity — it s already a hotbed for M&A

Aktis, Lilly ink $1 1B cancer radiopharmaceutical deal

The radiopharmaceutical revolution rolls on as Eli Lilly and Co. builds on its prowess in the space with a deal that could bring Aktis Oncology Inc. $1.1 billion. The two plan to develop radiopharmaceuticals targeting cancer. Privately held Aktis also is getting $60 million in cash up front along with an equity investment. The big money would come from preclinical, clinical, regulatory, commercial milestones and tiered royalties. Lilly will select the targets.

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