Deal details highlight Novartis's radioligand therapy expansion strategy
2 Yesterday · 18h ago · 1 article · 1 source · development 2 of 2
The partnership combines BoomRay's development experience in radioligand therapies with Novartis's global oncology presence. Novartis noted the deal complements its growing radioligand therapy portfolio and reflects its strategy of combining external innovation with internal research capabilities, following its 2024 acquisition of Mariana Oncology for $1 billion upfront.
“Radioligand therapies represent an important frontier in oncology, and at Novartis, we remain focused on driving breakthrough science that can expand their potential for patients.”
Shiva MalekBoomRay Pharmaceuticals Clinical-stage biotech companyNovartis Global pharmaceutical companyBo Shan BoomRay CEOShiva Malek Novartis oncology, biomedical research global head
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