Energy Fuels Acquires RadTran LLC
August 16, 2024
Energy Fuels Inc. acquired RadTran LLC, a private specialist in radioisotope separation, to accelerate development and production of medical isotopes (notably Ra-226 and Ra-228) used in targeted alpha therapies for cancer. The deal (closed August 16, 2024) paid $1.5M cash, $1.5M in shares, a 2% royalty on future radium revenues and up to $14M in additional cash/shares tied to milestones; RadTran's CEO Saleem Drera joins Energy Fuels to lead radioisotope efforts.
- Buyers
- Energy Fuels Inc.
- Targets
- RadTran LLC
- Industry
- Biotechnology
- Location
- Colorado, United States
- Transaction Type
- Buyout
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