GordonMD® Global Investments Portfolio Company, Radionetics Oncology, Announced Strategic Agreement with Lilly
Eli Lilly and Company (LLY)
Last eli lilly and company earnings: 4/23 06:25 am
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Source: Business Wire
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--GordonMD® Global Investments today announced that portfolio company Radionetics Oncology, a leader in developing targeted radiopharmaceuticals for cancer treatment, has entered into a strategic agreement with Eli Lilly and Company, (NYSE: LLY).“We are thrilled to support Radionetics Oncology,” said Dr. Craig Gordon, Chief Executive Officer of GordonMD®, who is also a Board of Directors Observer for Radionetics. “Their dedication to developing next-generation cancer treatments aligns perfectly with our investment philosophy of fostering innovation in healthcare.”Under the terms of the agreement, San Diego-based Radionetics received a $140 million upfront cash payment. As part of the strategic arrangement, Lilly obtained the exclusive right to acquire Radionetics upon conclusion of an exercise period for $1 billion.Radionetics’ platform combines the power of radiopharmaceuticals with the precision of small molecule targeting, offering a unique
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LLY
Earnings
- 8/8/24 - Beat
LLY
Sec Filings
- 9/18/24 - Form 3
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- LLY's page on the SEC website