From WisPolitics.com/WisBusiness.com …
— SHINE Technologies has announced a “definitive agreement” to acquire a business called SPECT from Lantheus, a Massachusetts radiopharmaceutical company.
The Janesville nuclear technology company plans to acquire part of Lantheus’ campus that manufactures its SPECT products, which include imaging agents for the heart, lungs, bladder and other organs.
The announcement references the importance of Lantheus’ established market channels, as the company has been providing diagnostic products for nearly 70 years. It’s a “market leader” for domestic production of a medical isotope called technetium-99, the release notes.
Greg Piefer, founder and CEO of SHINE, says the acquisition marks a “major milestone” for the company.
“By integrating Lantheus’ SPECT business and talented team with our company, we will expand our product portfolio, accelerate our path to market for our planned suite of isotopes and increase our market share — ultimately ensuring greater access to these life-saving products for patients,” he said in a statement.
Financial details of the acquisition were not disclosed, but a SHINE spokesperson said the transaction has been approved by both companies’ boards and is expected to close by the end of the year.
See the release below and read a recent story on SHINE.
Check out an earlier podcast with Piefer.
— The Assembly plans to be on the floor Tuesday to take up legislation that would allow pharmacists to prescribe hormonal contraceptive patches and oral contraceptives.
The Assembly passed a similar version of the bill last session 82-11, but the Senate didn’t take it up even though a committee signed off on it 5-1 in October 2023.
This year’s version of the bill, AB 43, cleared committee 12-2.
The proposed calendar for Tuesday includes other health care-related bills such as AB 11, which would require hospitals to get written consent before performing a pelvic exam on an unconscious patient.
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