A$70m capital raising & Lantheus investment approved at EGM
Released
Released
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ASX ANNOUNCEMENT
14 AUGUST 2024
A$70m capital raising & Lantheus investment approved at EGM
Sydney, Australia – 14 August 2024 – Radiopharm Theranostics (ASX:RAD, “Radiopharm” or the
“Company”), a clinical-stage biopharmaceutical company focused on developing innovative oncology
radiopharmaceuticals for areas of high unmet medical need, is pleased to announce that all
resolutions at today’s Extraordinary General Meeting (EGM) were carried on a poll.
This includes approval of the remaining components of the A$70 million capital raising announced on
25 June 2024, including a A$7.5 million investment at $0.05 per share by leading radiopharmaceuticalfocused NASDAQ-listed company Lantheus Holdings (NSDQ: LNTH).
Radiopharm’s CEO & MD, Riccardo Canevari said, “The capital raising and strategic investment by
Lantheus, one of the world's largest pure-play radiopharmaceutical companies, is a strong
endorsement of the potential within RAD. This confidence in our assets and commitment to our future
pipeline speaks volumes, and this has been further backed by specialist biotechnology institutional
investors in the US, Australia and elsewhere. As we move forward, this not only solidifies our growth
trajectory but also strengthens our position in the global market.”
The Lantheus investment forms part of a total package previously announced to the market on
20 June 2024 which also includes:
•
Potential further investment of up to US$5.0 million (A$7.5 million) via options with a sixmonth term exercisable at $0.05 per share;
•
The US$2.0 million (A$3.0 million) preclinical assets transfer and development agreement, of
which receipt was announced to the ASX on 5 August 2024.
About Radiopharm Theranostics
Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class
platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in
areas of high unmet medical need. Radiopharm has been listed on ASX (RAD) since November 2021.
The company has a pipeline of distinct and highly differentiated platform technologies spanning
peptides, small molecules and monoclonal antibodies for use in cancer, in pre-clinical and clinical
stages of development from some of the world’s leading universities and institutes. The pipeline has
been built based on the potential to be first-to-market or best-in-class. Learn more at
Radiopharmtheranostics.com.
Authorized on behalf of the Radiopharm Theranostics Board of Directors by Executive Chairman
Paul Hopper.
For more information:
Riccardo Canevari
CEO & Managing Director
P: +1 862 309 0293
E: rc@radiopharmtheranostics.com
Radiopharm Theranostics Limited
Suite 1, Level 3, 62 Lygon Street, Carlton South VIC 3053 Australia
ABN: 57 647 877 889
ASX ANNOUNCEMENT
14 AUGUST 2024
Matt Wright
NWR Communications
P: +61 451 896 420
E: matt@nwrcommunications.com.au
Follow Radiopharm Theranostics:
Website – https://radiopharmtheranostics.com/
Twitter – https://twitter.com/TeamRadiopharm
Linked In – https://www.linkedin.com/company/radiopharm-theranostics/
InvestorHub – https://investorhub.radiopharmtheranostics.com/
Radiopharm Theranostics Limited
Suite 1, Level 3, 62 Lygon Street, Carlton South VIC 3053 Australia
ABN: 57 647 877 889
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