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NorthStar Medical Technologies receives additional $50 million from National Nuclear Security Administration

Press releases may be edited for formatting or style | December 21, 2016 Molecular Imaging

In pairing the two production methods, NorthStar will ensure a steady supply of Mo-99 by mitigating the disruptions commonly experienced by single-method producers when faced with unexpected equipment downtime.

“These complementary production methods will establish NorthStar as the market leader in generating non-HEU Mo-99 and the resulting Tc-99m needed for diagnosing patients,” said NorthStar President and CEO George Messina. “True end-to-end, in-house domestic production and the benign, low-volume waste stream provide the very real potential for NorthStar to become the low-cost producer of Mo-99 for years to come. The commercialization of the accelerator production method creates numerous advantages for NorthStar, its customers and, most importantly, patients. NorthStar is poised to be the first producer of Mo-99 in the United States in more than 25 years.”

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NorthStar Medical Radioisotopes LLC
Based in Beloit, NorthStar Medical Radioisotopes LLC (northstarnm.com) was founded to address the needs of the nuclear medicine market in the United States. A wholly owned subsidiary of NorthStar Medical Technologies LLC, the company is committed to resolving industry-wide supply challenges that have caused shortages of vital medical isotopes, negatively impacting patient care and stalling clinical research. Its patented technologies include innovative non-uranium based molybdenum-99 production methods, a novel separation chemistry system and tools for the nuclear medicine market.

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