Telix and ITM merge to create a radiopharmaceutical powerhouse

21 September 2026

Australian biotech company Telix Pharmaceuticals (ASX: TLX) today announced it has signed a strategic agreement to lead a merger with Isotope Technologies Munich (ITM), a global leader in radioisotope production and radiopharmaceutical development.

The merger will further strengthen Telix’s leadership as a vertically integrated radiopharmaceutical company with the capabilities required to develop, manufacture and deliver innovative treatments to patients globally. The combined organization will be uniquely positioned as a radiopharmaceutical industry leader, differentiated by a world-class scaled isotope manufacturing business with a validated global distribution network, a market-leading commercial precision medicine platform and the industry’s most extensive therapeutic radiopharmaceutical pipeline.

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