Lantheus Medical Imaging Extends Molybdenum-99 Contract with Nordion | Lantheus Medical Imaging, Inc
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Healthcare Company News Lantheus Medical Imaging, Inc Lantheus Medical Imaging Extends Molybdenum-99 Contract with Nordion

Lantheus Medical Imaging Extends Molybdenum-99 Contract with Nordion

Company News - Lantheus Medical Imaging, Inc

Demonstrates Company’s Ongoing Leadership and Commitment to Supply Chain Diversification Strategy

Lantheus Medical Imaging , Inc., a worldwide leader in diagnostic imaging , announced that it has extended its contract with Nordion through 2013 for the continued supply of molybdenum-99 (Mo-99). The original supply agreement between Lantheus and Nordion was in place until July 31, 2011. Mo-99 is the parent isotope of technetium-99m (Tc-99m), the most widely used medical radioisotope in the world for molecular and nuclear diagnostic imaging procedures and is used in Lantheus’ TechneLite® (Technetium Tc99m Generator) generators.

“As a global leader in the medical imaging industry, Lantheus is dedicated to securing and supplying Mo-99 to the nuclear medicine community,” stated Don Kiepert, President and Chief Executive Officer of Lantheus Medical Imaging . “Several years ago, we proactively implemented a globally diversified and balanced supply chain strategy for the sourcing of Mo-99. The extension of our contract with Nordion is another example of our commitment to ensure that our customers continue to have reliable and secure access to this key medical isotope.”

“This contract extension with Lantheus reflects Nordion’s ongoing commitment to provide a long-term supply of medical isotopes for our customers and the nuclear medicine community,” said Kevin Brooks, Senior Vice President, Sales and Marketing, Nordion. “As a leading provider to the medical isotope industry, we remain focused on providing our customers, such as Lantheus, with high quality, reliable and flexible supply to serve the dynamic needs of their customers.”

Source: Lantheus Medical Imaging , Inc.