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Prostate Cancer Disappointment Means Lilly Might Finally Get The Point

 
• By Elizabeth Cairns

Point Biopharma’s radiopharmaceutical lags Novartis’s on PFS, and its commercial viability may be limited.  

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After months of waiting, Eli Lilly and Company might soon get its hands on the radiopharmaceutical specialist POINT Biopharma Global Inc.. In October, Lilly bid $1.4bn to acquire Point, but the majority of the smaller group’s investors declined to tender their shares. It is likely that they wanted to wait for data from the Phase III trial of Point’s prostate cancer radioligand PNT2002; if this were to be a huge success, Point’s shareholders could demand Lilly up its bid.

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