William Blair
May 13, 2026
Illuminating the Road Less Traveled in Biotech: Radiopharmaceuticals
Sector ReportEquitiesMacro Economic IndicatorsHealth CareInformation Technology
This report analyzes the evolving role of radiopharmaceutical PET imaging in the diagnosis and monitoring of Alzheimer’s disease, highlighting approved and investigational amyloid-beta and tau tracers.
Key Takeaways
- 1.Radiopharmaceuticals represent a secular growth opportunity in biotech, driven by significant big pharma acquisitions and increased sales guidance for key drugs like Pluvicto.
- 2.PET imaging is crucial for the Alzheimer’s disease market, as the use of new anti-amyloid therapies like Leqembi and Kisunla requires confirmation of amyloid-beta pathology.
- 3.While blood-based biomarker tests are emerging as efficient screening tools, PET imaging remains essential for visual assessment of pathology and monitoring treatment response.
Table of Contents
- Introduction
- Background on Alzheimer's Disease
- Alzheimer's Disease Pathology
- Treatment Landscape for Alzheimer's Disease
- Investigational therapies
- The Role of Diagnostics
- Overview of the Alzheimer's Disease Imaging Market
- Amyloid-Beta PET Agents
- Tau PET Agents
- Outlook
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Authors
Andy T. Hsieh, Ph.D.Alexandra V. Ramsey, Ph.D.
Securities
LNTHLLYBIIBROG
Themes
Convergence of Diagnostics and TherapeuticsConsolidation in RadiopharmaceuticalsCompetition from Fluid Biomarkers
Regions
North AmericaAsia PacificGlobalUnited StatesChinaJapan
