Clean Sweep Live Auction on Wed. February 27th. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
Current Location:
> This Story

Log in or Register to rate this News Story
Forward Printable StoryPrint Comment




Business Affairs Homepage

Maybe competition is good for what 'ails' hospitals Mergers may be good for business, but what about patients?

Frost & Sullivan outline 10 growth factors for precision imaging market Market predicted to be more than $8 billion by 2027

RadNet buys Kern Radiology The Bakersfield, California imaging group includes four offices

More of GE healthcare unit could be on block: CEO CEO Culp speaks in post-earnings call after company exceeds Q4 expectations

Philips, Lunit, Vuno in healthcare AI deal Forging partnerships to advance AI applications

Trade war forcing Philips to move production between US, China CEO van Houten addresses company growth in earnings call

Aetna, Anthem, Health Care Service, PNC Bank and IBM collaborate on healthcare blockchain 'ecosystem' Increasing industry transparency

Clinical wearables – remaining competitive in an evolving market Insights from Ravi Kuppuraj, Business Leader of Connected Sensing Venture for Philips

Mass General plans $1 billion new building Adding a 12-story building with 450 single-bed rooms

iSchemaView, NeuroLogica partner for stroke care Bringing the RAPID platform to the portable CereTom CT

Curium boosts French PET market power, closing Cyclopharma acquisition

by Thomas Dworetzky , Contributing Reporter
Curium has has closed its deal to acquire French commercial and manufacturing operations of PET-diagnostics maker Cyclopharma. This expands its French network to 13 PET radiopharmacies and its European PET footprint to 25 sites.

“We are excited about the acquisition and the value the combined group can offer to our customers and patients across France,” Benoit Woessmer, Vice President of Curium’s Southern European operations said in a statement. "We are pleased to welcome our new colleagues to Curium Group and look forward to working with them in the next leg of our journey.”

Story Continues Below Advertisement

Has exclusive distribution agreement with DDD to sell new Camera systems

UMRi provides the very best new & refurbished gamma cameras, quality parts &repair services. We also rebuild & replace camera detectors, move camera systems across town or across the country. Call us at 888-239-3510

The deal was announced in early April and brings together leading radiopharmaceutical players – adding nearly 100 Cyclopharma employees and seven PET radiopharmacies to Curium. The move will permit "comprehensive coverage of all 140 PET centers across France,” according to the announcement.

Cyclopharma’s existing R&D and international operations aren't part of the deal and will be kept by current majority shareholder, DENOS Group. It plans to take over Cyclopharma’s current R&D projects, and commercialize those molecules in France and worldwide.

“The acquisition of Cylopharma is transformational to our PET operations in France and expands our PET network across Europe to 25 sites,” said Renaud Dehareng, CEO of Curium Group, adding, “We intend to leverage this network for making further investments into innovative PET tracers, and offer ourselves as a manufacturing and commercialization platform of choice for development stage companies looking for partners.”

The first goal of the new firm, according to an April announcement, will be the launch of radiopharmaceutical tracer EstroTep, designed for breast cancer diagnosis, in Europe, as well as moving toward FDA clearance in the US.

Curium was formed in 2017 when IBA Molecular and Mallinckrodt Nuclear Medicine LLC combined.

"It's about leveraging the combined expertise, size and scale of two industry leaders with a proven track record in nuclear imaging excellence," Dehareng said at that time.

The manufacturing centers include one Molybdenum facility, three large SPECT facilities and about 40 PET and SPECT radiopharmacies.

"We have a very strong local and global presence, which ensures that we are close to our clients, and that's really critical in our business," said Dehareng.

IBA Molecular acquired Mallinckrodt Nuclear Imaging in January for about $690 million.

Curium was also in the news in January when it became the first in North America to fully transition radiopharmaceutical production away from highly-enriched uranium (HEU).

The American Medical Isotope Production Act, which was established in 2012, mandated that manufacturers fully convert to low-enriched uranium (LEU) by January 2020.

“Our 100 percent LEU conversion helps Curium generator customers eliminate the inefficiency of balancing the availability of both HEU and LEU generators in their inventory, and helps them to control costs better,” Roy Brown, VP of government affairs for Curium North America, said in a statement. “Something that is especially important when you consider the special reimbursement guidelines surrounding LEU versus HEU patient doses.”

Business Affairs Homepage

You Must Be Logged In To Post A Comment

Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Gold Service Dealer Program
Receive RFP/PS
Healthcare Providers
See all
HCP Tools
A Job
Parts Hunter +EasyPay
Get Parts
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2019 DOTmed.com, Inc.