On Target · Issue 2•Week Ending July 31, 2026
Fewer PSMA Suppliers, Tighter Therapy Timing Windows
PSMA PET & Theranostics IntelligenceSupplier Consolidation16 primary sources
Editor’s Spotlight
Curium is reportedly nearing a $7-8 billion acquisition of Lantheus, which would combine two of the largest suppliers in the PSMA imaging and radiopharmaceutical space — the biggest story of the year for anyone tracking tracer and therapeutic sourcing. Meanwhile, two new Journal of Nuclear Medicine papers refine the operational side of Lu-PSMA therapy: one shows why the gap between baseline PSMA PET and the first treatment cycle matters, and another shows post-therapy imaging time can be cut in half without losing accuracy.
Story of the Week
Bloomberg reported Curium is in advanced talks to acquire Lantheus for roughly $102 per share upfront plus $12.50 per share in contingent value rights — valuing the deal at $7 billion, or $8 billion including the CVR. Bloomberg noted a final decision has not been reached and there is no guarantee the deal comes together, though an announcement could come within days. The same week, Curium separately announced the immediate reintroduction of its Thallium-201 cardiac SPECT tracer to the U.S. market, restoring an alternative amid recurring technetium-99m shortages.
Clinical News
A JNM analysis of 87 patients found interim disease progression in 36.8% when the interval between baseline PSMA PET and the first 177Lu-PSMA-617 cycle exceeded 30 days. PSA response and overall survival were not affected, but the authors concluded baseline imaging may not represent true disease status after a long delay — a scheduling consideration for programs interpreting post-therapy response.
A JNM study of 20 patients found a 9-minute dual-energy 360-degree CZT total-body SPECT/CT protocol matched an 18-minute single-energy scan for tumor volume and SUVmean against PSMA PET, suggesting post-therapy Lu-PSMA monitoring time could be halved without losing accuracy.
A JNM study of 79 patients found combined 18F-flotufolastat PET and multiparametric MRI reached 87.1% AUC for detecting clinically significant prostate cancer, outperforming PI-RADS (75.2%), SUVmax alone (80.7%), and the PRIMARY score (86%) — supporting more selective use of biopsy.
Business & Industry Intelligence
Radiopharm Theranostics reported a business update alongside a concurrent US$4.1 million direct offering and up to A$12.7 million Australian placement, plus a confirmed durable partial response in its Phase 1 RAD204 trial for solid tumors post-immunotherapy — a sign capital continues to flow into the broader radiopharmaceutical sector.
Starget Pharma appointed Oliver Sartor and Michael Hofman to its Scientific Advisory Board, adding the clinicians behind Pluvicto, TheraP, and the PSMA imaging standards of care to its radioligand discovery platform.
Curium and Lantheus prevailed in a Delaware patent dispute with Novartis’s Advanced Accelerator Applications over Lu-177 dotatate products, with the court ruling the asserted patents invalid — clearing a path for Curium’s own GEP-NET radioligand therapy plans.
Blue Earth Diagnostics is sponsoring a new interventional trial studying whether fluciclovine (18F) PET changes prostate cancer management after a negative or equivocal PSMA PET.
Clinical Trials to Watch
PSMAddition — Novartis still expects an FDA decision on the mHSPC indication for Pluvicto in the second half of 2026, backed by a 58% lower risk of PSA progression.
ProstACT Global — Telix’s Phase 3 Part 2 continues advancing in the U.S. under FDA alignment, building on the peer-reviewed ProstACT SELECT data.
Flotufolastat PET/mpMRI combination — combined imaging reached 87.1% AUC for clinically significant prostate cancer, ahead of PI-RADS and PET alone.
PSMA PET timing standards — new interim-progression data may inform future protocol requirements for the PSMA-PET-to-therapy interval before 177Lu-PSMA-617.
Industry Movers & News in Brief
Curium expanded U.S. manufacturing with its Thallium-201 relaunch, its second capacity move this week alongside the reported Lantheus talks.
Telix will report H1 2026 results on August 20 and said it is evaluating a U.S. “Most-Favored Nation” drug-pricing executive order.
Upcoming events: ASTRO 2026 September 26–30 in Boston; EANM’26 October 17–21 in Vienna; ESMO 2026 October 23–27 in Madrid; and the SNMMI Theranostics Conference November 4–8 in Bethesda.
This newsletter is for informational and educational purposes only and does not constitute medical, legal, investment, or reimbursement advice. Readers should consult their own professional advisors for specific guidance.

