SHINE Medical Technologies LLC today announced that it has selected the municipality of Veendam in the province of Groningen, the Netherlands, as the location of its European medical isotope production facility. The decision is the culmination of a year-long search process that included the review of more than 50 proposals from sites across Europe.

SHINE’s European facility will be focused initially on the production of molybdenum-99, a diagnostic isotope relied on for procedures that identify heart disease, cancer and other conditions. SHINE’s technology can also be used to produce a broad range of other medical isotopes, including iodine-131, xenon-133 and lutetium-177 at this site. There is strong demand for lutetium-177 from clinical trial sponsors because of its potential to revolutionize the treatment of cancer patients. SHINE has begun production of Lu-177 at a facility on its U.S. campus.

Construction of SHINE’s new production facility is expected to begin in 2023. SHINE expects that commercial production will begin in late 2025. The plant will employ roughly 200 workers when it is fully operational. While the facility is being built, SHINE’s construction partners will employ additional workers from the area.

To read more please visit:

https://shinemed.com/european-isotope-production-facility/

Source: SHINE Medical Technologies