Lantheus Holding - LNTH STOCK NEWS

Lantheus Holdings (NASDAQ: LNTH) announced the hiring of Dr. Bela Denes and Dr. Iryna Teslenko, both reporting to Chief Medical Officer Istvan Molnar, MD. Dr. Denes brings 25 years of urology experience and industry expertise from Amgen and Blue Earth Diagnostics, while Dr. Teslenko has over 17 years in drug development and clinical research in oncology, previously with GlaxoSmithKline. Their combined expertise aims to advance Lantheus' pipeline, particularly in prostate cancer radiopharmaceuticals, reinforcing the company’s commitment to innovative diagnostics and therapeutics.

Lantheus Holdings (NASDAQ: LNTH) has announced the retirement of Michael P. Duffy, General Counsel, effective June 4, 2021, after over 13 years with the company. Duffy will continue in an advisory role, with Daniel Niedzwiecki taking over his responsibilities. Duffy expressed pride in his contributions to the transformation of Lantheus into a publicly traded company since its IPO in 2015, noting a sevenfold increase in market cap. The transition comes on the heels of the successful integration of the Progenics acquisition.

Lantheus Holdings has acquired exclusive worldwide rights to develop and commercialize NTI-1309, a PET oncology imaging agent from Noria Therapeutics. This innovative agent targets fibroblast activation protein (FAP), which is overexpressed in various tumors, making it a promising biomarker for precision medicine in oncology. Noria will conduct early clinical development, while Lantheus plans to integrate the agent into its imaging portfolio for academic and pharmaceutical use. Financial terms include an upfront fee, milestone payments, and royalties upon commercialization.

Lantheus Holdings (NASDAQ: LNTH) presented updated biochemical tumor marker data from its Phase 2 trial of AZEDRA^® at ENDO 2021. The trial showed significant reductions in tumor biomarkers in patients with advanced pheochromocytoma and paraganglioma. Notably, 80% of patients had a reduction in Chromogranin A levels, with responses correlating with the study's endpoints. AZEDRA remains the first approved treatment for these conditions, with the data reinforcing its clinical utility. However, caution is advised due to potential severe side effects, including myelosuppression and radiation risks.

Lantheus Holdings (NASDAQ: LNTH) announced the publication of pivotal studies for PyL™, a PET imaging agent targeting prostate-specific membrane antigen (PSMA). Results from the OSPREY Phase 2/3 trial and the CONDOR Phase 3 trial were published in respected journals, indicating high predictive values for locating prostate cancer. The data supports FDA review for marketing authorization. The OSPREY trial achieved a specificity of 96-99% and sensitivity of 93-99%. The CONDOR trial reported a Correct Localization Rate of 84.8% to 87.0% and 63.9% of patients had treatment plan changes based on imaging results.

Lantheus Holdings reported Q4 2020 revenue of $94.2 million, an increase of 5.4% year-over-year, despite a full-year revenue decline of 2.3% to $339.4 million. The company faced a net loss of $3.4 million in Q4, down from a $10.5 million profit in Q4 2019. Adjusted EPS fell by 79.9% year-over-year to $0.07. The company expects Q1 2021 revenue between $85 million and $89 million and full-year guidance of $385 million to $400 million. Lantheus emphasizes ongoing growth and development following strategic acquisitions and FDA approvals in 2020.

Lantheus Holdings, (NASDAQ: LNTH), a leader in innovative imaging diagnostics and therapeutics, announced that Mary Anne Heino, President and CEO, along with Bob Marshall, CFO, will present at the 10th Annual SVB Leerink Global Healthcare Conference on February 26 at 3:00 p.m. ET. The live webcast can be accessed on Lantheus's website, with a replay available for 30 days. Lantheus offers a wide range of products, including DEFINITY® and TechneLite®, and operates globally with headquarters in North Billerica, Massachusetts.

Lantheus Holdings, Inc. (NASDAQ: LNTH) will host a conference call on February 25, 2021, at 4:30 p.m. ET to discuss its financial results for Q4 and the full year of 2020. The call can be accessed via telephone or through a live webcast at their website. Lantheus is recognized for its innovative imaging diagnostics and therapeutic solutions, offering products like DEFINITY®, TechneLite®, AZEDRA®, and RELISTOR®, aimed at serious medical conditions.

Lantheus Holdings, Inc. (NASDAQ: LNTH) announced that three abstracts related to its PSMA-targeted product candidates will be presented at the 2021 ASCO GU Virtual Meeting on February 11-13, 2021. These include two studies on PyL™, a PET/CT imaging agent for prostate cancer, and one on 1095, a radiopharmaceutical for metastatic castration-resistant prostate cancer. The studies focus on the efficacy and safety of these agents, showcasing Lantheus's commitment to advancing prostate cancer diagnostics and therapeutics.