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Lantheus Announces Acceptance of its First-to-File ANDA for Generic LUTATHERA (Lutetium Lu 177 Dotatate)

Key Takeaway: Lantheus Holdings, Inc. announced the acceptance of its ANDA for Lutetium Lu 177 Dotatate, a generic version of LUTATHERA, by the FDA. This marks a significant step in the company's strategy to improve patient outcomes for GEP-NETs. Lantheus believes it is the first applicant to submit a complete ANDA under the Hatch-Waxman Act, which could qualify them for 180 days of generic exclusivity upon approval. The company aims to leverage this opportunity in the radiopharmaceutical market.
Price reaction · baseline $59.29 (2024-01-10 close) · hit after-hours · clean, no other LNTH news in the window
day 0 close · peak
-4.1%

Market Sentiment Analysis

POSITIVE FACTORS

  • Lantheus's ANDA for Lutetium Lu 177 Dotatate has been accepted, highlighting the company's growth.
  • The potential for 180 days of generic marketing exclusivity in the U.S. could enhance Lantheus's market position.
  • The product is aimed at treating GEP-NETs, addressing a significant medical need.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+48%
120-day peak, hindsight
Typical move
2%
average across 7 past catalysts
Lead asset
18F-DCFPyL
Phase 3 · Prostate Cancer

Full Press Release Details

BEDFORD, Mass., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. (“Lantheus” or the “Company”) (NASDAQ: LNTH), the leading radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, today announced that its Abbreviated New Drug Application (ANDA) for Lutetium Lu 177 Dotatate (177Lu-PNT2003), a generic version of LUTATHERA® (lutetium Lu 177 dotatate), has been accepted for filing by the U.S. Food and Drug Administration (FDA), marking a pivotal moment in the Company’s commitment to improve patient outcomes. LUTATHERA® is indicated for the treatment of somatostatin receptor-positive gastroenteropancreatic neuroendocrine tumors (GEP-NETs), including foregut, midgut, and hindgut neuroendocrine tumors in adults.
Based on the most recent update to the FDA’s online paragraph IV database listings,1 Lantheus believes it is the first applicant to have filed a substantially complete ANDA for Lutetium Lu 177 Dotatate containing a Paragraph IV certification under the provisions of the Hatch-Waxman Act. Should its ANDA be approved by the FDA, Lantheus believes it will be eligible for 180 days of generic marketing exclusivity in the U.S.
Lantheus licensed exclusive worldwide commercialization rights (excluding certain Asian territories) to 177Lu-PNT2003 from POINT Biopharma Global, Inc. in December of 2022. To read the press release announcing that licensing transaction, please click here.
Lantheus is the leading radiopharmaceutical-focused company, delivering life-changing science to enable clinicians to Find, Fight and Follow disease to deliver better patient outcomes. Headquartered in Massachusetts with offices in New Jersey, Canada and Sweden, Lantheus has been providing radiopharmaceutical solutions for more than 65 years. For more information, visit www.lantheus.com.
Safe Harbor for Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” that are subject to risks and uncertainties. Forward-looking statements include, but are not limited to, statements relating to the potential FDA approval of and potential generic marketing exclusivity relating to PNT2003 and statements regarding Lantheus’ expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by their use of terms such as “should,” “believe” and other similar terms. Such forward-looking statements are based upon current plans, estimates and expectations that are subject to risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements.
LUTATHERA® is a registered trademark of Novartis AG and/or its affiliates.
Vice President, Investor Relations
Senior Director, External Communications
1 See FDA's list of drug products for which an ANDA has been received by the Office of Generic Drugs containing a "Paragraph IV" patent certification.

Frequently Asked Questions

What is Lutetium Lu 177 Dotatate used for?

Lutetium Lu 177 Dotatate treats somatostatin receptor-positive gastroenteropancreatic neuroendocrine tumors.

Who accepted Lantheus' ANDA for Lutetium Lu 177 Dotatate?

The U.S. Food and Drug Administration accepted Lantheus' ANDA for Lutetium Lu 177 Dotatate.

What does Paragraph IV certification enable?

Paragraph IV certification allows Lantheus potential 180 days of generic marketing exclusivity.

Who licensed Lutetium Lu 177 Dotatate to Lantheus?

POINT Biopharma Global, Inc. licensed Lutetium Lu 177 Dotatate to Lantheus in December 2022.

What is the focus of Lantheus Holdings, Inc.?

Lantheus focuses on radiopharmaceuticals to enhance patient outcomes in disease management.

Last updated: Jan 11, 2024