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Lantheus Holdings launches $250M share buyback program

seekingalpha
2024-11-20
  • Lantheus Holdings (NASDAQ:LNTH) said on Wednesday that its board has authorized a share repurchase of up to $250 million of shares during the next one year.
  • "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," said Brian Markison, CEO of Lantheus.
  • The share repurchase amount of $250 million represents ~4.7% of market cap of $5.3 billion as on Nov 19, 2024.

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