GE Healthcare and Minerva Imaging Sign Strategic Partnership to Accelerate Precision Medicine and Targeted Radionuclide Therapy

GE Healthcare and Minerva Imaging have announced a strategic partnership with the aim to bring targeted radionuclide therapies (Theranostics) faster to the market. Radionuclide therapy is a form of precision medicine where a radioactive substance is administered through the bloodstream to specifically target cancer cells and irradiate them. This helps reduce potential side effects compared to traditional cancer therapies. Recent years have seen strong growth[1] in targeted radionuclide therapies.

Adding to its 2,000 m2 R&D site, Minerva Imaging will open a new facility in 2022 and expand its R&D footprint by 50%. The Denmark-based company expects to employ over 100 people at the new facility by the end of 2022. The expansion will give the company the extra capacity it needs to meet growing demand in the radionuclide therapy sector.

The partnership with GE Healthcare is designed to facilitate the success of Minerva Imaging’s growth plans by establishing capabilities for in-house production of isotopes and CDMO services for radiopharmaceuticals. Minerva Imaging will be using cutting-edge technology from GE Healthcare to optimize new radiopharmaceuticals, including a cyclotron – a type of particle accelerator used to produce isotopes.

GE Healthcare will support Minerva Imaging to set up Good Manufacturing Practice (GMP) production in the new facility. This will help ensure high quality products for Minerva Imaging’s clients which, in turn, will support the best possible outcomes for patients. GE Healthcare and Minerva Imaging will work in partnership to innovate and optimize manufacturing protocols for new radioisotopes by sharing knowledge and expertise related to technological innovation.

Simon McGuire, Northern Europe Regional General Manager at GE Healthcare, said: “Minerva Imaging could with this expansion become an important player in clinical development of life-saving medicines. GE Healthcare has, for many years, through our Imaging and Pharmaceutical Diagnostics businesses, been building technology and radiopharmaceuticals that help enable precision health. Now, together with Minerva Imaging, we have the opportunity to further accelerate efforts in this space.”

Carsten Nielsen, CEO and co-founder of Minerva Imaging, said: “Partnering with a global leader like GE Healthcare is a major milestone for Minerva Imaging. Together, we have the capacity to work on more innovative therapies, accelerate their route to market and treat more patients with the targeted therapy. There are only winners in a collaboration like this.”

GE Healthcare offers medical practitioners the tools and support they need to improve patient-centered care and advance the practice of precision medicine. Through this partnership and a variety of other partnerships and solutions, GE Healthcare aims to further reinforce its role as a core partner in improving cancer care.

  1. Research and Market. Global Theranostics Markets Report 2020: Oncology Segment Market for Theranostics Should Grow from $73.1 Billion in 2020 to $119.7 Billion by 2025. Published in 2020.