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Lantheus Announces FDA Approval of PYLARIFY TruVu™ (piflufolastat F 18) Injection

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Lantheus (NASDAQ: LNTH) announced FDA approval of PYLARIFY TruVu (piflufolastat F 18), a new formulation of its PSMA PET imaging agent designed for larger batch production and broader patient access. The product, approved via the 505(b)(2) pathway relying on OSPREY and CONDOR data, is expected to launch in 4Q 2026 with a phased geographic rollout. More than 760,000 patients have received PSMA PET scans with PYLARIFY since May 2021. TruVu aims to improve stability at higher radioactive concentrations to enable larger batches and wider distribution.

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Positive

  • FDA approval of PYLARIFY TruVu provides regulatory clearance for a new formulation
  • Expected commercial availability in 4Q 2026 with phased geographic rollout
  • Design supports larger batch sizes by improving stability at higher radioactive concentrations
  • Over 760,000 patients have received PSMA PET scans with PYLARIFY since May 2021

Negative

  • Commercial launch delayed until 4Q 2026, postponing near-term revenue from the new formulation
  • Manufacturing benefits depend on facilities with high-energy cyclotrons, limiting immediate nationwide capacity
  • Phased geographic rollout may cause temporary customer transition complexity and regional supply variability

News Market Reaction – LNTH

+10.27%
2 alerts
+10.27% News Effect
+$437M Valuation Impact
$4.69B Market Cap
0.0x Rel. Volume

On the day this news was published, LNTH gained 10.27%, reflecting a significant positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $437M to the company's valuation, bringing the market cap to $4.69B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Commercial launch timing: 4Q 2026 Patients imaged: More than 760,000 people OSPREY trial size: 385 patients +5 more
8 metrics
Commercial launch timing 4Q 2026 Expected PYLARIFY TruVu U.S. commercial availability
Patients imaged More than 760,000 people Patients with prostate cancer who have received PSMA PET scans with PYLARIFY since May 2021
OSPREY trial size 385 patients Phase 2/3 OSPREY trial population
CONDOR trial size 208 patients Phase 3 CONDOR trial in suspected recurrent/metastatic prostate cancer
Median specificity 96% OSPREY Cohort A pelvic nodal and prostate gland specificity for PYLARIFY PET
Median PPV 77% OSPREY Cohort A PPV for PSMA-targeted PYLARIFY PET
CONDOR CLR 85%–87% Correct localization rate across three readers in CONDOR primary endpoint
Safety population 593 clinical patients Patients exposed to a single dose of PYLARIFY in safety evaluation

Market Reality Check

Price: $75.70 Vol: Volume 848,871 vs 20-day ...
normal vol
$75.70 Last Close
Volume Volume 848,871 vs 20-day average 982,654 (relative volume 0.86x). normal
Technical Price 76.31 is trading above 200-day MA of 64.92, despite pre-news pullback.

Peers on Argus

LNTH was down 1.97% while close peers were mixed: ALKS and PBH down, AMRX, INDV ...

LNTH was down 1.97% while close peers were mixed: ALKS and PBH down, AMRX, INDV and HCM up. No peers appeared in the momentum scanner, suggesting a stock-specific move rather than a coordinated sector reaction.

Previous Fda approval Reports

1 past event · Latest: Oct 30 (Positive)
Same Type Pattern 1 events
Date Event Sentiment Move Catalyst
Oct 30 FDA timeline update Positive -0.7% FDA set PDUFA target action date for LNTH-2501 under 505(b)(2).
Pattern Detected

Limited FDA-related history shows mildly negative price reactions to positive regulatory milestones.

Recent Company History

This announcement adds another FDA-related milestone to Lantheus’ radiopharmaceutical strategy. In October 2025, the company highlighted a March 29, 2026 PDUFA target date for LNTH-2501 via the 505(b)(2) pathway, aimed at expanding its oncology imaging portfolio. Today’s approval of PYLARIFY TruVu, also using the 505(b)(2) route, enhances the PSMA PET franchise with a new formulation geared toward larger batches and broader patient access, reinforcing the company’s focus on advanced PET diagnostics.

Historical Comparison

-0.7% avg move · In the past, LNTH’s FDA-related updates (average move -0.7%) saw mildly negative reactions despite p...
fda approval
-0.7%
Average Historical Move fda approval

In the past, LNTH’s FDA-related updates (average move -0.7%) saw mildly negative reactions despite positive regulatory progress, framing today’s approval within a cautious trading pattern.

Regulatory milestones have advanced Lantheus’ diagnostic pipeline, from the LNTH-2501 PDUFA date for SSTR+ NET imaging to full FDA approval of PYLARIFY TruVu, broadening its PET oncology franchise.

Market Pulse Summary

The stock surged +10.3% in the session following this news. A strong positive reaction aligns with t...
Analysis

The stock surged +10.3% in the session following this news. A strong positive reaction aligns with the clearly favorable nature of FDA approval for PYLARIFY TruVu, which builds on established OSPREY and CONDOR data and supports broader PSMA PET access. Historically, similar FDA-related announcements averaged a modest move of about -0.7%, so an outsized upside response would represent a break from cautious past trading and could be sensitive to expectations around execution and competition.

Key Terms

positron emission tomography, psma, pet/ct, 505(b)(2) regulatory pathway, +4 more
8 terms
positron emission tomography medical
"PYLARIFY TruVu is indicated for positron emission tomography (PET) imaging of prostate..."
A positron emission tomography (PET) scan is an imaging test that uses a tiny amount of radioactive tracer injected into the body to map how organs and tissues are functioning, similar to watching traffic flow on a city map rather than just seeing roads. Investors care because PET technology and the tracers it uses are critical in developing and measuring the effectiveness of drugs, diagnosing diseases, and guiding treatment decisions, which can drive demand, regulatory scrutiny, and revenue for related healthcare companies.
psma medical
"a new formulation of its F 18 prostate-specific membrane antigen (PSMA) imaging agent."
Prostate-specific membrane antigen (PSMA) is a protein on the surface of prostate cells that becomes much more common on many prostate cancer cells, acting like a biological “flag” that helps locate or attach to tumors. Investors care because diagnostic scans and drugs that detect or bind to PSMA can improve diagnosis and treatment; success or failure of those products often has a direct financial impact on the companies developing them.
pet/ct medical
"Compared to standard imaging, PYLARIFY PET/CT delivered: Significantly higher specificity..."
A PET/CT is a combined medical imaging test that overlays two scans—PET, which shows metabolic activity like a heat map of how tissues use energy, and CT, which shows detailed body structure like a map of roads and buildings. Investors care because PET/CT scans are widely used to diagnose and monitor diseases, guide treatment decisions, and support clinical trials, affecting demand for imaging equipment, hospital services, and diagnostic-related revenue streams.
505(b)(2) regulatory pathway regulatory
"PYLARIFY TruVu was submitted for FDA approval via the 505(b)(2) regulatory pathway..."
A 505(b)(2) regulatory pathway is a U.S. drug approval route that allows a company to use some existing safety and effectiveness data from earlier studies or other approved products instead of repeating every test. It speeds development and cuts costs compared with a full new-drug filing while still requiring new data for any changes. For investors, it can shorten time to market and reduce development risk—think of renovating a house using an existing foundation rather than building from scratch.
phase 2/3 medical
"OSPREY was a phase 2/3 clinical trial of 385 patients."
A phase 2/3 trial is a combined clinical study that first evaluates how well a treatment works and the best dose, then expands into a larger test to confirm those results and safety. For investors, it matters because moving into a phase 2/3 signals that an experimental therapy has shown initial promise and will be tested at scale, which can materially change the odds and timeline for regulatory approval and commercial potential.
ppv medical
"The median sensitivity, specificity, PPV, and NPV were 38% (26, 51), 96% (94, 99)..."
PPV (positive predictive value) is the share of positive test results that actually indicate the condition is present — in other words, how often a ‘positive’ is truly positive. For investors, PPV shows how reliable a diagnostic or screening product is in real-world use, affecting clinical adoption, regulatory and reimbursement prospects, and commercial value; think of it like a fire alarm’s accuracy at signaling a real fire versus a false alarm.
npv medical
"The median sensitivity, specificity, PPV, and NPV were 38% (26, 51), 96% (94, 99)..."
Net Present Value (NPV) is a way to measure how much a future stream of money is worth today. It helps investors decide whether an investment is worthwhile by comparing the current value of expected earnings to its initial cost. A positive NPV suggests the investment could generate profit, making it a key tool for evaluating financial decisions.
correct localization rate medical
"The study design assessed correct localization rate (CLR), a metric of diagnostic performance..."
Correct localization rate is the share of cases in which a diagnostic test or imaging tool not only detects an abnormality but also points to its correct physical location. For investors, it shows how reliably a product guides clinical decisions—similar to a map that not only tells you a city has a problem but marks the exact street address—affecting market adoption, reimbursement, and regulatory approval.

AI-generated analysis. Not financial advice.

New formulation of its widely-used U.S. market-leading PSMA PET imaging agent combines the
diagnostic performance of PYLARIFY® (piflufolastat F 18) with the potential for larger batches and greater patient availability

PYLARIFY TruVu™ is expected to launch in 4Q 2026, with a phased geographic rollout to support a seamless customer transition

BEDFORD, Mass., March 06, 2026 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. (“Lantheus”) (NASDAQ: LNTH), the leading radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, today announced that the U.S. Food and Drug Administration (FDA) has approved PYLARIFY TruVu (piflufolastat F 18) injection, a new formulation of its F 18 prostate-specific membrane antigen (PSMA) imaging agent. PYLARIFY TruVu is indicated for positron emission tomography (PET) imaging of prostate-specific membrane antigen (PSMA) positive lesions in men with prostate cancer with suspected metastasis who are candidates for initial definitive therapy or suspected recurrence based on elevated serum prostate-specific antigen (PSA) level.

“The FDA approval of PYLARIFY TruVu demonstrates Lantheus’ continued commitment to advancing innovation that directly expands patient access to high-quality diagnostic tools,” said Mary Anne Heino, Executive Chairperson and CEO, Lantheus. “The availability of PYLARIFY TruVu addresses a key need identified by clinicians – greater access to our market-leading formulation.”

PYLARIFY TruVu was submitted for FDA approval via the 505(b)(2) regulatory pathway, allowing for review based upon previously submitted data from two PYLARIFY pivotal studies: OSPREY and CONDOR. The new formulation has the same diagnostic properties and is expected to offer similar safety and effectiveness as PYLARIFY.

Additionally, PYLARIFY TruVu is designed to enhance product stability at higher radioactive concentrations, supporting more efficient manufacturing and distribution. These improvements are expected to increase batch sizes, enabling manufacturing sites with high‑energy cyclotrons to reach more patients and serve broader geographic markets. Overall, PYLARIFY TruVu has the potential to enhance supply flexibility and improve operating leverage for the network of PMFs that will manufacture and distribute the product.

“As we continue to innovate and expand our portfolio, ensuring a reliable and uninterrupted supply for our customers remains our top priority,” said Dorothy Barr, Senior Vice President, Manufacturing and Technical Operations. “The PYLARIFY TruVu formulation is designed to enhance manufacturing efficiency, strengthen supply chain dependability and ultimately improve the healthcare system’s ability to deliver timely, accurate imaging for people with prostate cancer.”

PYLARIFY TruVu is expected to be commercially available in the fourth quarter of 2026 and will be introduced on a rolling geographic basis, allowing customers to transition from PYLARIFY to the new formulation with minimal disruption.

“As a community dedicated to improving the lives of people facing prostate cancer, we’ve seen firsthand how advanced PSMA PET diagnostic tools like PYLARIFY have truly been game changers, providing real-time, highly accurate information that can meaningfully shape treatment decisions,” said Gina B. Carithers, President and CEO, Prostate Cancer Foundation. “With prostate cancer incidence expected to rise in the years ahead, it’s encouraging to see companies like Lantheus putting patients first and introducing innovations that help ensure timely, precise imaging while keeping pace with growing demand. Access to accurate diagnostics, especially when metastatic or recurrent disease is suspected, can profoundly impact both quality of life and long-term outcomes for people living with prostate cancer.”

More than 760,000 people with prostate cancer have received PSMA PET scans with PYLARIFY since the FDA granted approval in May 2021 based on findings from the OSPREY and CONDOR studies.

PYLARIFY® Pivotal Data Summary
The safety and efficacy of PYLARIFY® and PYLARIFY TruVu™ were established based on the PYLARIFY pivotal trials, OSPREY and CONDOR. OSPREY was a phase 2/3 clinical trial of 385 patients. In Cohort A, 252 men with high-risk prostate cancer had evaluable histopathology for determining the diagnostic performance of PYLARIFY in identifying pelvic nodal metastases. OSPREY Cohort A assessed sensitivity, specificity, PPV, and NPV in pelvic lymph nodes and the prostate gland for PSMA-targeted PET with PYLARIFY. The median sensitivity, specificity, PPV and NPV were 38% (26, 51), 96% (94, 99), 77% (62, 92) and 83% (78, 88). Results showed that a PSMA-targeted PET scan with PYLARIFY significantly improved specificity over standard imaging while maintaining comparable sensitivity and delivering high PPV and NPV in men at risk for metastatic prostate cancer prior to initial therapy. Compared to standard imaging, PYLARIFY PET/CT delivered: Significantly higher specificity (97.9% vs 65.1%), nearly three times the PPV (86.7% vs 28.3%) and similar sensitivity to standard imaging (40.3% vs 42.6%).1

CONDOR was a robust, multicenter, phase 3 trial of 208 patients with suspected recurrent or metastatic prostate cancer with negative or equivocal results using standard imaging. The study design assessed correct localization rate (CLR), a metric of diagnostic performance measuring PPV at the patient level enhanced with anatomic lesion matching in patients with biochemically recurrent (BCR) prostate cancer.
CONDOR found that a PSMA-targeted PET scan with PYLARIFY in men with biochemical recurrent prostate cancer achieved the primary endpoint of correct localization rate (CLR): 85%-87% across all 3 readers (lower bound of 95% CI: 78%-80%).2

The safety of PYLARIFY was evaluated in 593 clinical patients who were exposed to a single dose of PYLARIFY and was generally well tolerated. The most common adverse reactions reported in ≤ 2% of patients were headache, dysgeusia and fatigue. In addition, a delayed hypersensitivity reaction was reported in one patient (0.2%) with a history of allergic reaction.3

About Prostate Cancer
Prostate cancer is the second most common form of cancer affecting men in the U.S. An estimated 1 in 8 men will be diagnosed in their lifetime. The incidence rate for prostate cancer has been increasing since 2014 at a rate of 3% per year overall. For 2026, estimates suggest nearly 334,000 new cases and more than 36,000 deaths. Prostate cancer can be a serious disease and is the second-leading cause of cancer death in men (behind lung cancer), but most men diagnosed with prostate cancer do not die from it. In fact, more than 3.5 million men in the U.S. consider themselves prostate cancer survivors.4

PYLARIFY TruVu™ (piflufolastat F 18) Injection
PYLARIFY TruVu™ (piflufolastat F 18) injection (also known as 18F-DCFPyL or PyL) is a fluorinated small molecule PSMA-targeted PET imaging agent that enables visualization of lymph nodes, bone and soft tissue metastases to determine the presence or absence of recurrent and/or metastatic prostate cancer.1,2

PYLARIFY TruVu was developed to build on the success of PYLARIFY®, the number one utilized PSMA PET imaging agent in the U.S. which has been used in over 760,000 scans across 48 states, Puerto Rico and Washington, D.C.5

INDICATION 
PYLARIFY ® (piflufolastat F 18) and PYLARIFY TRUVU™ (piflufolastat F 18) Injection are indicated for positron emission tomography (PET) of prostate-specific membrane antigen (PSMA) positive lesions in men with prostate cancer: 

  • with suspected metastasis who are candidates for initial definitive therapy. 
  • with suspected recurrence based on elevated serum prostate-specific antigen (PSA) level. 

IMPORTANT SAFETY INFORMATION  
 
WARNINGS AND PRECAUTIONS 
Risk of Image Misinterpretation 
Imaging interpretation errors can occur with PYLARIFY and PYLARIFY TRUVU imaging. A negative image does not rule out the presence of prostate cancer and a positive image does not confirm the presence of prostate cancer. The performance of PYLARIFY and PYLARIFY TRUVU for imaging biochemical evidence of recurrence of prostate cancer seems to be affected by serum PSA levels. The performance of PYLARIFY and PYLARIFY TRUVU for imaging of metastatic pelvic lymph nodes prior to initial definitive therapy seems to be affected by risk factors such as Gleason score and tumor stage. PYLARIFY and PYLARIFY TRUVU uptake is not specific for prostate cancer and may occur with other types of cancer as well as non-malignant processes and in normal tissues. Clinical correlation, which may include histopathological evaluation, is recommended. 

Hypersensitivity Reactions  
Monitor patients for hypersensitivity reactions, particularly those with a history of allergy to other drugs and foods. Reactions may be delayed. Always have trained staff and resuscitation equipment available. 

Radiation Risks 
PYLARIFY and PYLARIFY TRUVU, expose patients to radiation. Radiation exposure is associated with a dose-dependent increased risk of cancer. Ensure safe handling and preparation procedures to protect patients and health care workers from unintentional radiation exposure. Advise patients to hydrate before and after administration and to void frequently after administration.

ADVERSE REACTIONS 
The most frequently reported adverse reactions were headaches, dysgeusia and fatigue, occurring at rate of ≤2% during clinical studies. In addition, a delayed hypersensitivity reaction was reported in one patient (0.2%) with a history of allergic reactions. 

DRUG INTERACTIONS 
Androgen deprivation therapy (ADT) and other therapies targeting the androgen pathway, such as androgen receptor antagonists, may result in changes in uptake of PYLARIFY and PYLARIFY TRUVU in prostate cancer. The effect of these therapies on performance of PYLARIFY and PYLARIFY TRUVU PET has not been established. 
 
To report suspected adverse reactions for PYLARIFY or PYLARIFY TRUVU, call 1-800-362-2668 or contact FDA at 1-800-FDA-1088 or www.fda.gov/medwatch. Please see the full Prescribing Information for PYLARIFY and PYLARIFY TRUVU.

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 “allowing,” “continue,” “designed,” “enabling,” “enhance,” “ensuring,” “expand,” “expected,” “improve,” “potential,” “transition,” “will” and other similar terms. Such forward-looking statements are based upon current plans, estimates and expectations that are subject to risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. Lantheus undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Risks and uncertainties that could cause our actual results to materially differ from those described in the forward-looking statements include (i) our ability to complete the technology transfer across our PET manufacturing facilities (“PMF”) network for PYLARIFY TruVu and to obtain FDA approval for each PMF to manufacture PYLARIFY TruVu in accordance with our planned rollout plan and without disruption to our supply chain; (ii) our ability to obtain adequate coding, coverage and payment, including transitional pass-through payment status, for PYLARIFY TruVu and to have customers adopt PYLARIFY TruVu; (iii) the ability of our PMF network to supply PYLARIFY TruVu to the market; (iv) the ability of PMF sites with high‑energy cyclotrons to increase batch sizes or to reach more patients and serve broader geographic markets; (v) the intellectual property protection of PYLARIFY TruVu; and (vi) 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).

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 New Jersey, Canada, Germany, Sweden, Switzerland and the United Kingdom, Lantheus has been providing radiopharmaceutical solutions for 70 years. For more information, visit www.lantheus.com.

Contacts:
Lantheus
Mark Kinarney
Vice President, Investor Relations
978-671-8842
ir@lantheus.com

Melissa Downs
Executive Director, External Communications
646-975-2533
media@lantheus.com

Multimedia assets for media are available here.

1Pienta KJ, Gorin MA, Rowe SP, et al. A phase 2/3 prospective multicenter study of the diagnostic accuracy of prostate specific membrane antigen PET/CT with 18F-DCFPyL in prostate cancer patients (OSPREY). J Urol. 2021;206(1):52-61.
2Morris MJ, et al; CONDOR Study Group. Diagnostic Performance of 18F-DCFPyL-PET/CT in Men with Biochemically Recurrent Prostate Cancer: Results from the CONDOR Phase III, Multicenter Study. Clin Cancer Res. 2021 Jul 1;27(13):3674-3682. doi: 10.1158/1078-0432.CCR-20-4573. Epub 2021 Feb 23. PMID: 33622706; PMCID: PMC8382991.
3PYLARIFY® [package insert]. North Billerica, MA: Progenics Pharmaceuticals, Inc., a Lantheus company
4American Cancer Society. Cancer Facts & Figures 2026. Atlanta: American Cancer Society; 2026. Available at https://www.cancer.org/cancer/types/prostate-cancer/about/key-statistics.html 
5Data on file. Bedford, MA: Progenics Pharmaceuticals, Inc.; 2024.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/24fb7ced-261c-4dbb-add2-3739ec1effe7


FAQ

What did Lantheus announce about FDA approval of PYLARIFY TruVu (LNTH) on March 6, 2026?

PYLARIFY TruVu received FDA approval as a new piflufolastat F 18 formulation. According to the company, the approval via the 505(b)(2) pathway relies on OSPREY and CONDOR data and aims to improve stability for larger batch production and wider distribution.

When will PYLARIFY TruVu (LNTH) be available commercially and how will rollout occur?

Commercial availability is expected in the fourth quarter of 2026. According to the company, introduction will occur on a rolling geographic basis to allow customers to transition from PYLARIFY to TruVu with minimal disruption.

How does PYLARIFY TruVu (LNTH) change manufacturing and patient access?

The new formulation is designed to support higher radioactive concentrations and larger batch sizes. According to the company, this can enable high-energy cyclotron sites to reach more patients and serve broader geographic markets, improving supply flexibility.

What clinical evidence supports PYLARIFY and PYLARIFY TruVu (LNTH)?

Support comes from the OSPREY and CONDOR pivotal trials demonstrating diagnostic performance. According to the company, OSPREY and CONDOR established sensitivity, specificity and correct localization rates used as the basis for approval.

How many patients have received PSMA PET scans with PYLARIFY since initial approval?

More than 760,000 people have received PSMA PET scans with PYLARIFY since FDA approval in May 2021. According to the company, that volume reflects wide clinical adoption and informs the rationale for enhanced manufacturing capacity with TruVu.
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