Pharma BD Deal Intelligence

Regeneron Pharmaceuticals, Inc. / Telix Pharmaceuticals Limited

2026 · Co-Development · $2.1B · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Apr 13, 2026 BioCentury Neutral

Regeneron Pharmaceuticals Inc. announced a deal with Melbourne-based Telix Pharmaceuticals Ltd. to co-develop and co-commercialize four programs, with options…

Apr 13, 2026 Genetic Engineering & Biotechnology News Bullish

The Regeneron-Telix alliance follows a wave of radiopharma M&A that included Bristol Myers Squibb's $4.1 billion acquisition of RayzeBio (2023), AstraZeneca's…

Apr 14, 2026 BioPharma Dive Neutral

Regeneron Pharmaceuticals will co-develop 'next generation' radiopharmaceuticals with Australian biotechnology firm Telix. Through a deal announced Monday,…

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Regeneron and Telix announced a 50/50 cost-and-profit-share collaboration to co-develop next-generation radiopharmaceutical therapies across four initial solid-tumor programs. Telix receives $40M upfront with per-program optionality to co-fund commercialization/profit-share or alternatively earn up to $2.1B in milestones plus low double-digit royalties. Also plans co-developed companion radio-diagnostics.

Key facts

Related deals — scored

DealYearValueOutcome
Regeneron Pharmaceuticals, Inc. / Telix Pharmaceuticals Limited (this deal)2026$2.1B
Regeneron Pharmaceuticals, Inc. / Alnylam Pharmaceuticals Inc.2019$1.0B77
Regeneron Pharmaceuticals, Inc. / CytomX Therapeutics, Inc.2026$4.0B62
Regeneron Pharmaceuticals, Inc. / Sanofi S.A. (Libtayo global rights)2022$1.1B
Regeneron Pharmaceuticals, Inc. / 23andMe, Inc.2025$256M
Regeneron Pharmaceuticals, Inc. / Parabilis Medicines, Inc.2026$2.3B
Regeneron Pharmaceuticals, Inc. / Tessera Therapeutics, Inc.2025$275M

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