Press Release

Radionetics Oncology Announces Strategic Agreement With Eli Lilly

July 1, 2024

San Diego – July 1, 2024 – Cooley advised Radionetics Oncology, a biotechnology company discovering and developing novel small molecule G protein-coupled receptor (GPCR)-targeted radiopharmaceuticals to treat a broad range of solid tumors, on the formation of a strategic agreement with Eli Lilly to take forward Radionetics’ proprietary GPCR-targeting small molecule radiopharmaceuticals. Under the terms of the agreement, Radionetics received a $140 million up-front cash payment. Additionally, Lilly obtained the exclusive right to acquire Radionetics for $1 billion upon conclusion of an exercise period.

Partners Rama Padmanabhan and Charity Williams and associates Jenny Ge and Chen Chen led the Cooley team advising Radionetics.

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