Indiana’s Radiopharmacy Sector

RayzeBio to be acquired by drugmaker Bristol Myers for $4.1B

RayzeBio is building a large factory on the northwest side of Indianapolis to make radioisotopes for cancer treatment. More

Lilly buys radiopharmaceutical startup Point Biopharma for $1.4B

Eli Lilly and Co. is jumping into the radiopharmaceutical business, a promising new way to deliver drugs to cancer patients with targeted treatments, by buying Point Biopharma Global Inc., an Indianapolis-based startup for $1.4 billion. Read More

Biotech firm nearing completion of Indy radioisotopes factory

A San Diego-based biotech firm that is building a plant in Indianapolis to manufacture radioisotopes for cancer treatment says it expects the facility to be completed by the end of the year, with production starting next year. Read More

Israeli Pharmaceutical Company Chooses Indiana for First US Cancer-Treating Isotope Manufacturing Center  

WESTFIELD, Ind.  – Isotopia Molecular Imaging, an Israel-based global pharmaceutical and nuclear medicine manufacturing company, announced plans today to locate its first U.S. operations in Indiana. The company’s newly formed U.S. subsidiary, Isotopia USA, will invest approximately $20 million to establish its flagship operation in Westfield, creating up to 50 new, high-wage jobs by the end of 2027. 

SpectronRx teams with Belgian research center to make cancer therapies

An Australian biotech company that has its U.S. headquarters in Fishers has received additional approval from the U.S. Food and Drug Administration. Telix Pharmaceuticals says its lead prostate cancer imaging product, Illuccix, is now authorized to select patients who may be eligible for another FDA-approved therapy developed in Indiana. Full Story

Telix lands additional FDA approval

An Australian biotech company that has its U.S. headquarters in Fishers has received additional approval from the U.S. Food and Drug Administration. Telix Pharmaceuticals says its lead prostate cancer imaging product, Illuccix, is now authorized to select patients who may be eligible for another FDA-approved therapy developed in Indiana. Full Story

March 9, 2023

Medical isotope developer running tests at new Bunker Hill facility

Indianapolis-based radiopharmaceutical developer and manufacturer SpectronRx has completed construction of a facility near the Grissom Air Reserve Base in Bunker Hill and has initiated testing of its medical isotope producing technology. The company says it successfully produced low amounts of Actinium-225, radioactive material used in the treatment of a variety of cancers.

SpectronRx earns European approval for nuclear meds

As Indiana strengthens its foothold in radiopharmaceuticals, SpectronRx has earned the seal of approval to send its life-saving agents across the pond to Europe. The Indianapolis-based company is just one on a growing roster of Hoosier players in the nuclear medicine sector, a relatively new area of pharmaceuticals. Now with approval to manufacture radiopharmaceuticals for Europe at its South Bend operation, SpectronRx says it’s positioned to fill a void for the European industry and patients who need the cancer-destroying medicine. Full Story

Lantheus to back radiopharmaceutical therapies by POINT

Lantheus has entered into an agreement with POINT Biopharma to provide an initial $260 million in funding, followed by up to $1.8 billion locked behind milestones to support trials for POINT’s PNT2002 candidate for a prostate-specific membrane antigen-targeting Lu-177-based radiopharmaceutical therapy treatment of metastatic castration-resistant prostate cancer along with PNT2003, a somatostatin receptor-targeted radioligand therapy for gastroenteropancreatic neuroendocrine tumors. Under the deal, Lantheus will retain the rights to the global commercialization of both therapies upon regulatory approval.

Full Story: Fierce Biotech (11/14) 

California biotech to invest $45M in Indy, hire 64 people

A California biotech startup that is developing specialty cancer drugs plans to open a research and development site on the northwest side of Indianapolis and hire 64 people. RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest $45 million in the building and equipment in an existing warehouse at 5850 W. 80th Street, a former delivery station for e-commerce giant Amazon.com Inc. RayzeBio specializes in developing radiopharmaceutical drugs, a new class of cancer drugs that can be injected into a patient in an outpatient clinic and target tumor cells in a more precise manner than chemotherapy. Read more

Miami County attracting life sciences companies

Miami County is creating a niche of its own in Indiana’s growing life sciences sector by securing a second medical isotopes company. Indianapolis-based Nuke Medical Inc, which does business as SpectronRx, broke ground in March on a $26 million facility near the Grissom Air Reserve Base in Bunker Hill. The facility under construction is adjacent to AZIsotopes Corp., which invested $45 million to build a 55,000-square foot facility that opened last year. Read More

In an interview with Inside INdiana Business, SpectronRX Chief Executive Officer John Zehner explained Miami County economic development officials made the decision to build there easy. More

SpectronRx to Showcase New Facility for the Global Supply of Actinium-225 at SNMMI 2022 – Leading CDMO breaks ground on a 10-acre site that will house multiple particle accelerators designed to produce Ac-225 for the treatment of cancer Read More

POINT to Present on its Pan-Cancer FAP-Alpha Targeted Program at AACR – A phase 1 therapeutic trial using 68Ga-PNT6555 for imaging and 177Lu-PNT6555 for therapy is planned for summer 2022. Abstract accessible at https://buff.ly/3xgaB1a (Source: @PointBiopharma)

Novartis’ radiopharma drug wins approval in tough-to-treat prostate cancer patients

The FDA approved Lu-PSMA-617, Novartis’ radioligand program acquired in the $2.1 billion buyout of Endocyte back in 2018, to treat PSMA-positive metastatic castration-resistant prostate cancer. Novartis will brand the drug as Pluvicto, and a spokesperson told Endpoints News that the drug’s wholesale acquisition cost will be set at $42,500 per dose. Read More (Source: Endpoints)

POINT Biopharma Provides Update on Manufacturing, Supply Chain and Late-Stage Programs
POINT Biopharma Global Inc. (NASDAQ: PNT) (the “Company” or “POINT”), a company accelerating the discovery, development, and global access to life changing radiopharmaceuticals, today announced business progress updates, including the completion of its Indianapolis, Indiana production facility, as well as the scheduled presentation of dosimetry data from the lead-in cohort of the Company’s Phase 3 trial in mCRPC at the 2022 SNMMI Mid-Winter & ACNM Annual Meeting, taking place February 25-27, 2022.  “With our facility now operational, POINT is one of the only pharmaceutical companies globally positioned to manufacture radiopharmaceuticals on a commercial scale,” said Dr. Joe McCann, CEO of POINT Biopharma. “Our team’s significant experience and expertise in the development of radiopharmaceuticals is highlighted by the consistency and speed of our execution of the SPLASH trial. These unique core strengths position POINT to be a leader in this burgeoning modality.” Read More (Source: POINT Biopharma)

Telix FDA Approval Strengthens Radiopharma in Indy

Industry experts say Indiana is emerging as a powerful hub for nuclear medicine, and the most recent fuel to be added to the fire is Telix Pharmaceuticals earning approval from the U.S. Food and Drug Administration to launch its first commercial product. Full Story (Source: Inside Indiana Business)

Telix Head of Marketing for the Americas Jason Kaufmann says, because radiopharmaceuticals have such a short shelf life, it’s clear why nuclear medicine is exploding in central Indiana. Listen

Pharma Company Lands FDA Approval for Imaging Product
An Australian pharmaceutical company with a major presence in central Indiana has hit a major milestone. Telix Pharmaceuticals Inc., which has its U.S. headquarters in Fishers, has received approval from the FDA for its lead prostate cancer imaging product. Read More (Source: Inside Indiana Business)

French Life Sciences Company Expanding to Brownsburg

A biotechnology company headquartered in France has chosen central Indiana for its second U.S.-based manufacturing facility. Orano Med LLC plans to initially invest more than $15 million to acquire and equip the former Mainstay building in Brownsburg and create about a dozen jobs.

The company says the facility will be used to manufacture and distribute radiopharmaceuticals to treat cancer. The therapies will be delivered to hospitals throughout the country. Read More (Source: Inside Indiana Business)

Purdue Adds On-line Master’s in Nuclear Engineering

Purdue University is adding a master’s degree in nuclear engineering to its online engineering graduate programs. Beginning this fall, Purdue says the Master of Nuclear Engineering program will be offered and taught by the same faculty who teach on Purdue’s flagship campus.

Purdue says the MNE course topics include nuclear materials, nuclear reactor physics and theory, nuclear engineering systems, fusion, thermal hydraulics and safety, and radiation and security. Read More (Source: Inside Indiana Business)

Medical Isotope Manufacturer Ramping Up in Miami County

Signs now adorn the side of a nondescript building at the Grissom Aeroplex business park in Bunker Hill that give passersby a slight indication of the life-changing medical work that will be conducted inside.

Life sciences company AZIsotopes Corp. has begun running tests on its massive cyclotron in the facility along U.S. 31 in Miami County where the company will produce medical isotopes. Read More (Source: Inside Indiana Business)

Indy Company Receives Key Approval for New HQ

A radiopharmaceutical company has received a key authorization for its new headquarters in Indianapolis. SpectronRx, a contract development and manufacturing organization, has received a materials license from the U.S. Nuclear Regulatory Commission, which will allow it to handle special nuclear material in chemical or physical form.  SpectronRx specializes in theranostics, which are therapies that use a small amount of radioactive material to both diagnose and treat different diseases at the cellular level. The company was originally founded in South Bend before moving to Indy. Read More (Source: Inside Indiana Business)

Cardinal Health Expanding Indy Presence

An Ohio-based radiopharmaceutical contract manufacturer is growing its operations in Indianapolis. Cardinal Health has announced plans for a multi-million-dollar expansion that will include the addition of nearly 100 jobs. Tiffany Olson, president of nuclear and precision health solutions at Cardinal, says the expansion is the result of an increasing demand for theranostics, which are used for both the diagnosis and treatment of a disease at the cellular level.  Read More (Source: Inside Indiana Business)

Location Key for Indy Life Sciences Plant

The USA general manager for New Jersey-based Advanced Accelerator Applications says the company chose Indianapolis for its planned $72 million manufacturing facility because of the unique nature of the drug it will produce. Mike Rossi says the radioligand therapies used to treat cancer have a very short shelf life, which is why the company needed a more centralized location. “This location, close to the Indianapolis International Airport and the major ground transportation hubs around the facility, ensures that our medicines can be manufactured, packaged, transported and administered to patients anywhere in North America within 72 hours.”  Read More (Source: Inside Indiana Business)

BioPharma CEO: “No Choice” But Indy

The chief executive officer of Canada-based POINT Biopharma says location was critical in choosing Indianapolis for the company’s first U.S. manufacturing facility. Dr. Joe McCann says central Indiana’s logistics infrastructure, including the massive FedEx Express Indianapolis Hub, was key for the company, which makes products that have a short shelf life. POINT announced Tuesday it is investing more than $25 million to purchase and renovate the facility and create more than 100 jobs by the end of 2024.

Read More (Source: Inside Indiana Business)

Nation’s First Digital Nuclear Reactor Dedicated at Purdue

The country’s first all-digital nuclear reactor sits inside a science building on the campus of Purdue University, ready for scientists and students alike to advance the study of nuclear power.  A ribbon-cutting ceremony took place on the West Lafayette campus to celebrate the conversion of Purdue University Reactor Number One from an analog to a digital format.

That process took four years to complete and required licensure from the U.S. Nuclear Regulatory Commission to ensure the safe use of radioactive materials. “There was a large regulatory hurdle to overcome,” said Clive Townsend, the supervisor for Purdue University Reactor Number One.

Read More (Source: Inside Indiana Business)