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Last updated : 01/10/2026 - 12h28
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IBA to Distribute ARTMS QIS Solid Target Technology, a Telix Group Company

Belgian group IBA is expanding its collaboration with Telix through ARTMS, a Telix group company. The agreement covers worldwide distribution of a solid target technology for cyclotrons intended for the production of radio-metals for theranostics.


IBA to Distribute ARTMS QIS Solid Target Technology, a Telix Group Company

A Technology Distribution Agreement for QIS

IBA (Ion Beam Applications S.A.) announced on October 1st, 2026 the signing of a new agreement with ARTMS Inc., a company of the Telix group. Under this agreement, IBA will distribute the proprietary solid target technology for cyclotrons developed by ARTMS, known as the Quantm Irradiation System (QIS).

According to the press release, this technology is currently the only solid target solution for cyclotrons enabling compliant production of gallium-68 (68Ga) and zirconium-89 (89Zr) in the United States. It is referenced in several regulatory dossiers submitted to the FDA for already approved products.

Distribution to the Global Installed Base of Cyclotrons

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IBA will offer QIS to its new customers as well as to its installed base of cyclotrons worldwide, with the possibility of sourcing, installing and maintaining the accelerator and solid target solution from a single supplier.

QIS will remain compatible with other cyclotron platforms, while ARTMS will continue to serve its existing customers directly. For short-lived isotopes such as 68Ga, QIS enables decentralized, high-yield production of multiple curies.

Accelerating Access to Isotopes for Theranostics

Beyond 68Ga and 89Zr, ARTMS is continuing to develop production processes for other radio-metals such as technetium-99m (99mTc) and copper-64 (64Cu). The collaboration aims to accelerate access to diagnostic and therapeutic isotopes necessary for theranostics development.

Loïk-Maël Nys, President of IBA RadioPharma Solutions, indicated that these initiatives strengthen IBA's strategic vision of supporting the transformation of nuclear medicine towards a theranostic model based on radio-metals. Chad Watkins, General Manager, Isotope Strategy at Telix Pharmaceuticals, emphasized that reliable local supply of gallium-68 and other radio-metals is essential for precision oncology.



Sector Dispositifs médicaux et optique › Dispositifs médicaux


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 323,7 millions d'euros
  • Quarterly revenue: 323,7 millions d'euros
  • EBITDA: 21,8 millions d'euros
  • EBITDA margin: 8,2 %
  • Net income: 9,3 millions d'euros
  • 81 millions d'euros
Guidance from the release
  • Prévisions d'EBIT ajusté pour l'exercice 2026 confirmées, reflétant la confiance du Groupe dans ses perspectives pour l'ensemble de l'année.
Risks mentioned
  • Surcapacité persistante sur le marché d'Industrial Solutions malgré un pipeline actif.
  • Retards temporaires de facturation liés à la migration ERP qui ont impacté la position financière nette.
  • Dosimetry reste sous pression malgré les mesures de réduction des coûts.
Opportunities identified
  • Forte dynamique commerciale en Proton Therapy avec cinq salles vendues et cinq prises de commandes de plus de €148 millions au S1.
  • PanTera a obtenu la qualification de fournisseur c-GMP d'actinium-225 et extension de collaboration avec TerraPower Isotopes pour tripler la capacité de production en Belgique.
  • Amélioration continue de la rentabilité : marge brute passée de 29,5% à 33,7% et EBITDA ajusté en croissance de 63%.
Outlook / guidance
  • Management commentary: Prévisions d'EBIT ajusté pour l'exercice 2026 confirmées à au moins € 32 millions

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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