MUNICH – Reed Smith advised ITM Isotopen Technologien München AG (ITM) on a loan financing taken out from the European Investment Bank (EIB). Dirk-Peter Flor (Frankfurt) and Dr. Justus Binder (Munich) led this financing transaction.
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The EIB is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

The European Investment Bank provided a loan facility of €40 million to ITM.  ITM is a company dedicated to the development, production and global supply of innovative diagnostic and therapeutic radiopharmaceuticals for use in Precision Oncology. ITM will use the fresh funds for investments in research and development of a proprietary portfolio of Targeted Radionuclide Diagnostics and Therapies, addressing a range of cancers such as neuroendocrine tumours and bone metastases.