8th avril 2024

Curium plans to significantly expand Lutetium-177 capacity and PET footprint with agreement to acquire Eczacibaşi-Monrol

The proposed acquisition of Eczacıbaşı-Monrol will:

  • Build on existing partnership in Lu-177 creating a leading manufacturer of the isotope
  • Add 12 PET sites to Curium’s existing network in geographies where Curium is not present today
  • Add SPECT manufacturing capabilities and extensive logistics infrastructure to Curium
  • Benefit patients with strengthened reliability for diagnostic and therapeutic solutions

(Paris, France – 8th April 2024) – Curium, a world leader in nuclear medicine, announced today that it has entered into an agreement with Eczacıbaşı Holding and Bozlu Group for the acquisition of Eczacıbaşı-Monrol Nuclear Product Co. (Monrol), a dedicated specialist in nuclear medicine. The acquisition is expected to bring together highly complementary geographical footprints, lutetium-177 (Lu-177) capabilities, and PET & SPECT nuclear medicine infrastructure, as well as facilitate the development of cutting-edge radionuclides and radiopharmaceuticals pipelines for diagnostic and therapeutic purposes.

Importantly, the acquisition will add significant Lu-177 manufacturing capacity to Curium to meet the growing demand for Lu-177 around the world for the benefit of more than 100,000 critically ill patients worldwide over the next five years. It will expand Curium’s PET footprint of 34 sites in Western Europe and Asia with the addition of 12 owned and partnered sites in Eastern Europe and MENA regions. In addition, Eczacıbaşı-Monrol’s manufacturing and logistics infrastructure in Istanbul, Turkey, will add significant scale to Curium’s vertically integrated production and distribution capabilities.

Mr. Chaitanya Tatineni, Curium’s CEO International Markets commented: “We are extremely pleased to have reached an agreement for the acquisition of Eczacıbaşı-Monrol – building on our existing strong partnership and the commitment of both companies to transform the lives of patients around the world. Eczacıbaşı-Monrol’s complementary PET network, Lu-177 capacity, extensive manufacturing and logistics infrastructure, and location as a global distribution hub offers significant benefits for patients requiring life-changing diagnostic and therapeutic solutions once the transaction is completed.”

Mr. Aydin Kucuk General Manager of Eczacıbaşı-Monrol added: “Building on our existing two-year Lu-177 partnership, today’s announcement is a natural evolution of the collaboration between our two companies. We are excited about the benefits of integrating with Curium’s global footprint, product portfolio, and innovations in theranostics for the millions of patients that we serve.”

Mr. Emin Fadıllıoğlu, CEO of Eczacıbaşı Healthcare Group added: “I am extremely proud of what Eczacıbaşı-Monrol’s teams have achieved in developing new technology platforms, expanding the PET network, developing SPECT capabilities, and serving patients. The partnership of Curium and Eczacıbaşı-Monrol will strengthen their future ambitions.”

The completion of this transaction is contingent upon meeting customary closing conditions, including regulatory approvals. Eczacıbaşı Holding and Curium are fully committed to navigating through this process efficiently and expect to finalize the transaction in due course. The Parties expect to be able to close this transaction once the customary regulatory approvals will have been obtained.