Shine Technologies to acquire Lantheus' SPECT division
Shine Technologies, a private nuclear fusion corporation based in Wisconsin, USA, has entered into a definitive agreement to acquire the SPECT business from Lantheus (Nasdaq: LNTH), a radiopharmaceutical-focused company.
The acquisition will include the portion of the North Billerica, Massachusetts campus that manufactures Lantheus' single photon emission computed tomography (SPECT) products. Lantheus’ shares edged up 1.6% to $81.74 on the news.
Financially, Lantheus will receive an undisclosed upfront cash payment, a note convertible into Shine preferred stock, and additional consideration, including potential earnout milestones. The transaction is expected to close by the end of the year, pending customary closing conditions.
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