Telix to Acquire QSAM Biosciences to Enhance its Oncology Segment
Shots:
- Telix signed a definitive agreement to acquire QSAM Biosciences for its lead asset Samarium-153-DOTMP (153Sm-DOTMP) a product developed for the treatment of metastatic bone cancer. The transaction details remain undisclosed
- 153Sm-DOTMP is a kit-based bone-seeking targeted radiopharmaceutical product that utilizes a chelating agent to deliver a formulation of Samarium-153 radioisotope
- In pre-clinical & early clinical trials 153Sm-DOTMP has depicted significant safety, efficacy & future commercial utility with the potential to deliver significant improvements on prior bone-seeking agents in the treatment and management of late-stage metastatic disease. Earlier, 153Sm-DOTMP the US FDA’s ODD & RPDD for the treatment of osteosarcoma
Ref: Telix Pharmaceuticals | Image: Telix Pharmaceuticals
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Shivani is a content writer at PharmaShots. She has a keen interest in recent innovations in the life sciences industry. She covers news related to Product approvals, clinical trial results, and updates. She can be contacted at connect@pharmashots.com.
