Radiology Business August 26, 2024
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...
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