Radiopharm Theranostics Raises $5 Million Via Private Placement to Lantheus, Shares Surge 58%

MT Newswires Live

2025/01/10

Radiopharm Theranostics (ASX:RAD) raise $5 million via the execution of a subscription agreement for a private placement of 133 million ordinary shares to Lantheus Holdings, according to a Friday Australian bourse filing.

After the placement, Lantheus' shareholding in the firm rose to 12.16%.

The placement was completed at an issue price of AU$0.06 apiece, and under Radiopharm's existing

placement capacity.

The radiopharmaceuticals firm will use the funds for the development of its clinical pipeline.

The placement replaces the six-month options that it issued in August 2024.

The firm's shares surged 58% in recent trade on Friday.

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