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Novartis makes a move in red‑hot radiopharma space

Novartis is expanding its radiopharmaceutical pipeline through a licensing agreement with Chinese BoomRay Therapeutics worth up to 900 million dollars.
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The radiopharmaceutical field is one of the hottest areas in cancer treatment, and there has been something of a scramble recently with several major deals. The latest, only a couple of days old, is Australian Telix’s acquisition of German ITM, creating a new major player in the field, as Life Science Focus previously reported.

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