Lantheus Announces Share Repurchase Program
November 20 2024 - 1:00AM
Lantheus Holdings, Inc. (Lantheus or the Company) (NASDAQ: LNTH),
the leading radiopharmaceutical-focused company committed to
enabling clinicians to Find, Fight and Follow disease to deliver
better patient outcomes, announces that its board of directors has
authorized a program to repurchase up to $250 million of its common
stock during the next twelve months.
“With our strong financial position and the Board’s commitment
to shareholder value, this share repurchase program reflects our
confidence in Lantheus’ continued radiopharmaceuticals leadership
and ability to drive long-term, sustainable growth,” said Brian
Markison, Chief Executive Officer of Lantheus. “We intend to
commence repurchases in the fourth quarter of this year and
opportunistically return capital to shareholders over the next
twelve months while simultaneously pursuing business development to
expand our radiopharmaceutical portfolio.”
Such repurchases may be made from time to time through open
market transactions at prevailing market prices, in privately
negotiated transactions, and through other legally permissible
means, depending on market conditions and in accordance with
applicable rules and regulations. The actual timing, number, and
dollar amount of repurchase transactions will be determined by the
Company’s management at its discretion and will depend on a number
of factors including, but not limited to, the market price of the
Company’s common stock. The Company may also establish 10b5-1
trading plans to provide flexibility if and when it buys back its
common stock.
About Lantheus Lantheus is the
leading radiopharmaceutical-focused company, delivering
life-changing science to enable clinicians to Find, Fight and
Follow disease to deliver better patient outcomes. Headquartered
in Massachusetts with offices
in Canada and Sweden, Lantheus has been
providing radiopharmaceutical solutions for more than 65 years. For
more information, visit www.lantheus.com.
Safe Harbor for Forward-Looking and Cautionary
Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, as amended, that are subject to risks and uncertainties and
are made pursuant to the safe harbor provisions of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements may be identified by their use of terms such as
“believe,” “continue,” “could,” “guidance,” “may,” “plan,”
“potential,” “predict,” “progress,” “should,” “target,” “will,”
“would” and other similar terms. These forward-looking statements
include the Company’s capital allocation plans, including the
timing of any repurchases, and are subject to the risk and
uncertainties discussed in our filings with the Securities and
Exchange Commission (including those described in the Risk Factors
section in our Annual Reports on Form 10-K and our Quarterly
Reports on Form 10-Q).
Contacts: Mark Kinarney Vice President,
Investor Relations978-671-8842ir@lantheus.com
Melissa Downs Senior Director, External Communications
646-975-2533media@lantheus.com
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