Siemens acquires PETNET Pharmaceuticals

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Siemens Medical Solutions with its subsidiary PETNET Pharmaceuticals Inc. announced last week it acquired full ownership of New England PETNET Manufacturing & Distribution Center LLC in Woburn, Mass. The acquisition, a result of continuing efforts of expansion, enables Siemens and PETNET to provide biomarkers for clinical and preclinical PET imaging to the New England region through PETNET's SafetyNet international network of more than 45 manufacturing and distribution centers.

PETNET, Siemens' distribution channel for biomarkers, is the world's leading producer and distributor of PET biomarkers, with the largest U.S. network of cyclotron-equipped radiopharmacies.