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Bayer Back In Radiopharmaceuticals Ring With Noria Buy

Adds To Targeted Alpha Therapy Pipeline

 
• By Kevin Grogan

Although Bayer's radiopharmaceutical for prostate cancer Xofigo has proved a commercial disappointment, the Leverkusen-headquartered firm is keen to advance its pipeline of targeted alpha therapies, snapping up Noria and its subsidiary PSMA Therapeutics.

Bayer cross

While Novartis AG has been grabbing most of the headlines in the radiopharmaceuticals space recently, long-time player Bayer AG has pounced to acquire Noria Therapeutics and its subsidiary PSMA Therapeutics, in a deal that expands the German major's pipeline of radionuclide compounds.

Through this acquisition, the financial details for which have not been disclosed, Bayer is getting hold of a preclinical program involving an alpha radionuclide compound based on actinium-225 that is paired with a small molecule directed towards prostate-specific membrane antigen (PSMA), a cell membrane protein that is highly expressed in prostate cancer cells

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