Lantheus and POINT Biopharma will form joint steering committees for two assets to oversee clinical studies and regulatory filings.
Lantheus is pPOINT Biopharmaion upfront for a double bill of licenses for two of POINT Biopharma’s radiopharmaceutical oncology candidates, with another $1.8 billion tied up in biobucks.
Lantheuse agreements, POINT will continue to fund and complete its phase 3 SPLASHPOINT Biopharma002, a prostate-specific membrane antigen (PSMA)-targeting 177Lu-based radiopharmaceutical therapy for metastatic castration-resistant prostate cancer. After that, Lantheus will work with POINT to file the therapy for FDA approval.
Should the two assets secure FDA approval and then hit commercial milestones, POINT could be in line for up to $1.8 billion in biobucks plus royalties of 20% and 15% for PNT2002 and PNT2003, respectively.Lantheus
Lantheus has already seen sucFDAs commercializing the cancer diagnostic imaging agent Pylarify and Azedra, the first and only approved treatment for advanced vascular andPNT2002tumorPNT2003d pheochromocytoma and paraganglioma. This track record in the field of radiopharmaceuticals made the company an “ideal collaborator” for PNT2002 and PNT2003, POINT CEO Joe McCann, Ph.D., said in a Monday morning release.
Outside of the licensing deal, POINT will continue to develop its phase 1 pan-cancer FAP-α asset called PNT2004, as well as PNT2001, an actinium-225 next-generation PSMA program that the company expects to enter the clinic next year.