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Latham & Watkins Advises ITM in Merger With Telix Valued at Up to US$2.35 Billion

September 21, 2026
Cross-border team represents the radiopharmaceutical biotech company in the transaction to create a radiopharmaceutical powerhouse.

Telix Pharmaceuticals Limited (ASX: TLX, Nasdaq: TLX) has announced it has signed a strategic agreement to combine with ITM Isotope Technologies Munich SE, a global leader in radioisotope production and radiopharmaceutical development.

Latham & Watkins LLP represented ITM in the transaction with a US M&A team led by Boston partner Julie Scallen, New York partner Nathan Ajiashvili, Orange County partner Charles Ruck, and Boston counsel Andrew Moosmann, with associates Elena Burns, Shayna Servillas, Kirstin Chubb, Alvina Olivier, and Alvin Vo; and a Germany M&A team led by Munich/Frankfurt partner Burc Hesse and Hamburg counsel Andreas Lönner, with associates Corinna Freudenmacher, Sönke Bock, and Oliver Jans. Advice was also provided on US securities law matters by Washington, D.C. partner Michele Anderson and New York partner Kaj Nielsen; on antitrust and merger control matters by Washington, D.C. partner Patrick English and Brussels partner Héctor Armengod, with associate Nathaniel Amann; on foreign direct investment matters by Hamburg partner Jana Dammann de Chapto; on FCPA and anti-bribery matters by Washington, D.C. partner Joseph Bargnesi, with associate Heather Artinian; on German employment matters by Munich partner Tobias Leder, with associate Martina Hoelzer; on US benefits matters by Boston partner Josh Friedman, with associate Rebecca Fishbein; on FDA and healthcare regulatory matters by Washington, D.C. partner Nathan Beaton and Bay Area partner Betty Pang, with associate Breanna Comunale; on labor matters by Chicago partner Nineveh Alkhas, with associates Jenny Bobbitt and Alexis Pinzon; on intellectual property matters by New York counsel Eliot Choy, with associates Arun Mohan and William Jackson; on German tax matters by Munich partner Ulf Kieker and Munich counsel Daniel Hiemer; on US tax matters by Washington, D.C. partners Nicholas DeNovio and Abigail Friedman, with associate Nolon Blaylock; on US data privacy and cybersecurity matters by Bay Area partner Heather Deixler, with associate Zac Alpert; and on German data privacy and cybersecurity matters by Frankfurt counsel Wolf-Tassilo Böhm.

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