• Radiopharmaceuticals are emerging as a powerful precision medicine approach in oncology, with Novartis leading the market through FDA-approved therapies Lutathera and Pluvicto generating over $2.1 billion in 2024.
• Major pharmaceutical companies including AstraZeneca, Bristol Myers Squibb, Eli Lilly, and Bayer are aggressively entering the space through acquisitions and pipeline development, targeting a market projected to reach $16 billion by 2033.
• Innovation is focused on advancing from beta to more powerful alpha-emitting isotopes like actinium-225, improving targeting mechanisms, expanding into earlier treatment settings, and exploring combination therapies to enhance efficacy.