H.C. Wainwright notes that Eli Lilly (LLY) announced that it was acquiring Point Biopharma (PNT) for an aggregate amount of approximately $1.4B. The firm believes this acquisition is relevant because it continues to point to Big Pharma’s interest in radiopharmaceuticals, and thinks that Actinium (ATNM) is a prime candidate for acquisition. Recall that Iomab-B has already delivered positive pivotal data and the Actimab-A program continues to deliver potentially transformative data. With a cash runway into 2025, H.C. Wainwright believes Actinium is positioned well to explore multiple options in its Iomab-B commercialization decisions. The firm has a Buy rating on Actinium’s shares with a price target of $50.
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