other material
confidence high
sentiment negative
materiality 0.60
Lantheus discontinues AZEDRA production; winds down Somerset, NJ site
Lantheus Holdings, Inc.
- Progenics Pharmaceuticals subsidiary to stop manufacturing and promoting AZEDRA.
- Limited usage and fixed costs made continued production untenable.
- Goal to supply current patients through Q1 2024 to complete treatment.
- Somerset, NJ manufacturing site being wound down.
- No financial impact or restructuring charges disclosed.