Radiology Business August 26, 2024
Marty Stempniak

Siemens Healthineers has reached a deal to acquire the molecular imaging business of Swiss pharmaceutical corporation Novartis for $223 million (USD).

The Financial Times first reported the transaction on Aug. 24, citing two unnamed individuals briefed on the deal. Both Siemens and Novartis separately confirmed the news, according to the outlet.

Imaging industry giant Siemens is acquiring Advanced Accelerator Applications, which Novartis previously bought in 2017 for $3.9 billion. AAA operates Europe’s second largest network of cyclotrons, used to manufacture radioactive compounds for diagnosing...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

Continue Reading

 
Topics: Medical Devices, Mergers & Acquisitions / JV, Trends
Related Articles:
UN warns of military brain control
Only 20% of AI devices for children used pediatric data to train: 3 notes
Medtech firms have cut thousands of jobs this year. Will layoffs continue in 2025?
Proton therapy market in the US projected to reach $2.67 billion by 2033
How Trump’s second term will affect the medtech industry

Share This Article