Workflow
Lantheus Holdings(LNTH)
icon
Search documents
Lantheus Appoints Julie Eastland as New Board Member
GlobeNewswire News Room· 2024-09-05 12:30
BEDFORD, Mass., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. ("Lantheus") (NASDAQ: LNTH), the leading radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, today announced the appointment of Julie Eastland, an experienced biotechnology and financial executive, to Lantheus' Board of Directors ("Board"), effective as of September 3, 2024. As an independent director, Ms. Eastland will serve as a member of the Boa ...
Lantheus to Present at the Morgan Stanley 22nd Annual Global Healthcare Conference
GlobeNewswire News Room· 2024-08-28 12:30
BEDFORD, Mass., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. ("Lantheus") (NASDAQ: LNTH), the leading radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, today announced Brian Markison, Chief Executive Officer, will present at the Morgan Stanley 22nd Annual Global Healthcare Conference at 7:45 a.m. ET on Wednesday, September 4. To access a live webcast of the presentation, please visit the Investors section o ...
Lantheus Holdings(LNTH) - 2024 Q2 - Earnings Call Transcript
2024-07-31 16:18
Financial Data and Key Metrics Changes - Consolidated net revenue for Q2 2024 was $394.1 million, an increase of 22.5% year-over-year [17] - Adjusted net income for Q2 was $126.8 million, reflecting a 15.7% increase [20] - Fully diluted earnings per share for Q2 were $1.80, up 16.4% [20] Business Line Data and Key Metrics Changes - PYLARIFY generated net sales of over $273 million, up nearly 30% from the prior year [8] - DEFINITY reported net sales of approximately $78 million, an increase of almost 11% year-over-year [13] - TechneLite revenue was $28.2 million, up 30.5% due to opportunistic sales [17] Market Data and Key Metrics Changes - The addressable market for PYLARIFY is expected to grow from over $2 billion in 2024 to north of $3 billion by 2029 [12] - PSMA PET scans currently represent approximately 30% of prostate cancer scans, indicating significant growth potential [12] Company Strategy and Development Direction - The company aims to enhance its leadership by maximizing the value of its existing portfolio and expanding its innovative pipeline through focused business development and M&A [4] - Recent acquisitions include NAV-4694 and RM2, which are expected to address high unmet medical needs in Alzheimer's and prostate cancer diagnostics [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining broad patient access to PYLARIFY and highlighted the importance of strategic partnerships [11] - The company anticipates continued growth in PYLARIFY sales, driven primarily by volume, despite potential pricing pressures [42] Other Important Information - The company has a strong liquidity position with cash and cash equivalents totaling $757 million [21] - R&D expenses increased significantly to support the advancement of MK-6240 and other pipeline assets [19] Q&A Session Summary Question: Thoughts on PYLARIFY and CMS recommendation - Management acknowledged the positive CMS proposal for separate payment for PYLARIFY and emphasized ongoing engagement with stakeholders to maximize patient access [29][30] Question: R&D step-up and earnings guidance - The increase in R&D spending is primarily due to investments in MK-6240 and other business development costs, with expectations for continued investment aligned with commercial opportunities [31][32] Question: PYLARIFY revenue growth trends - Management expects PYLARIFY to grow in the mid-20% range, with Q4 anticipated to be stronger than Q3 due to seasonal trends [34][59] Question: Size of Alzheimer's opportunity - The total addressable market for Alzheimer's diagnostics is significant, with management expressing optimism about the potential for growth in this area [38][39] Question: Competitive landscape for PYLARIFY - Management remains confident in PYLARIFY's market leadership, citing its clinical and commercial advantages despite the presence of competitors [46][51]
Lantheus Holdings(LNTH) - 2024 Q2 - Quarterly Report
2024-07-31 11:50
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the transition period from to FORM 10-Q Commission File Number 001-36569 (Mark One) LANTHEUS HOLDINGS, INC. (Exact name of registrant as specified in its charter) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Delaware | 35-2318913 | | - ...
Lantheus Holdings(LNTH) - 2024 Q2 - Quarterly Results
2024-07-31 11:47
Exhibit 99.1 Second Quarter 2024 • Completed three strategic transactions to expand innovative pipeline • The Company maintains full year 2024 revenue guidance and updates fully diluted earnings per share guidance driven by strategic transactions "We delivered another strong quarter as we continued to maximize the value of our commercial portfolio," said Brian Markison, Chief Executive Officer of Lantheus. "With the strength of our balance sheet and radiopharmaceutical expertise, we also announced three str ...
Lantheus Reports Second Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-07-31 11:00
Worldwide revenue of $394.1 million, an increase of 22.5% from second quarter 2023 Completed three strategic transactions to expand innovative pipeline GAAP fully diluted earnings per share of $0.88, compared to $1.33 in second quarter 2023. Adjusted fully diluted earnings per share of $1.80 compared to $1.54 in the second quarter 2023, reflective of interquarter investment in business development and R&D. The Company maintains full year 2024 revenue guidance and updates fully diluted earnings per share gui ...
Lantheus to Host Second Quarter 2024 Earnings Conference Call and Webcast on July 31, 2024, at 8:00 a.m. Eastern Time
Newsfilter· 2024-07-17 12:30
Contacts: Mark Kinarney Vice President, Investor Relations 978-671-8842 ir@lantheus.com Melissa Downs Senior Director, External Communications 646-975-2533 media@lantheus.com BEDFORD, Mass., July 17, 2024 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. (the "Company") (NASDAQ: LNTH) today announced that it will host a conference call and webcast at 8:00 a.m. ET on Wednesday, July 31, 2024, to discuss its financial and operating results for the second quarter of 2024. To access the conference call or webcast, pa ...
Lantheus to Host Second Quarter 2024 Earnings Conference Call and Webcast on July 31, 2024, at 8:00 a.m. Eastern Time
GlobeNewswire News Room· 2024-07-17 12:30
To access the conference call or webcast, participants should register online at https://investor.lantheus.com/news-events/calendar-of-events. To avoid delays, we encourage participants to register fifteen minutes ahead of the scheduled start time. Lantheus is the leading radiopharmaceutical-focused company, delivering life-changing science to enable clinicians to Find, Fight and Follow disease to deliver better patient outcomes. Headquartered in Massachusetts with offices in Canada and Sweden, Lantheus has ...
Lantheus Acquires NAV-4694, a Next-Generation ß Amyloid PET Imaging Agent for Alzheimer's Disease
Newsfilter· 2024-07-15 12:30
About Lantheus Melissa Downs Senior Director, External Communications 646-975-2533 media@lantheus.com Through this acquisition, Lantheus now has the worldwide exclusive rights to ß amyloid PET (positron emission tomography) imaging agent, NAV-4694, also known as F18-flutafuranol. NAV-4694 is currently in Phase 3 development and is also being used in academic and industry investigational therapeutic trials. The acquisition of this asset broadens Lantheus' Alzheimer's diagnostic portfolio and complements Lant ...
Lantheus Welcomes CMS' Proposed CY25 Rule for Improved Payment for Specialized Diagnostic Radiopharmaceuticals to Support Patient Access
Newsfilter· 2024-07-10 16:32
BEDFORD, Mass., July 10, 2024 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. ("Lantheus") (NASDAQ:LNTH), the leading radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, announced that it welcomes the Centers for Medicare & Medicaid Services' (CMS') Proposed Medicare Hospital Outpatient Prospective Payment System (OPPS) Rule for calendar year 2025 for improved payment for specialized diagnostic radiopharmaceuticals to support ...