{"id":522032,"date":"2021-08-03T08:03:31","date_gmt":"2021-08-03T12:03:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northstar-medical-radioisotopes-and-ge-healthcare-sign-exclusive-u-s-manufacturing-and-distribution-agreement\/"},"modified":"2021-08-03T08:03:31","modified_gmt":"2021-08-03T12:03:31","slug":"northstar-medical-radioisotopes-and-ge-healthcare-sign-exclusive-u-s-manufacturing-and-distribution-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northstar-medical-radioisotopes-and-ge-healthcare-sign-exclusive-u-s-manufacturing-and-distribution-agreement\/","title":{"rendered":"NorthStar Medical Radioisotopes and GE Healthcare Sign Exclusive U.S. Manufacturing and Distribution Agreement"},"content":{"rendered":"

<\/p>\n

NorthStar Medical Radioisotopes and GE Healthcare Sign Exclusive U.S. Manufacturing and Distribution Agreement<\/b><\/p>\n

\u2212 Collaboration will produce and distribute Iodine-123 (I-123) capsules, the proven radiopharmaceutical standard in diagnostic imaging studies for thyroid disease \u2013<\/i><\/p>\n

BELOIT, Wis. & ARLINGTON HEIGHTS, Ill.–(BUSINESS WIRE<\/a>)–NorthStar Medical Radioisotopes<\/a>, LLC, a global innovator in the development, production and commercialization of radiopharmaceuticals used for medical imaging and therapeutic applications, and GE Healthcare today announced the signing of an exclusive agreement for the manufacturing and distribution of iodine-123 (I-123) capsules in the United States. Under the contract terms, GE Healthcare\u2019s Pharmaceutical Diagnostics unit will manufacture and supply NorthStar with I-123 capsules under the NorthStar label using a new, state-of-the-art production system at its facility in Arlington Heights, Ill. Upon receipt of the required regulatory approvals, NorthStar will retain exclusive U.S. marketing and distribution rights for these I-123 capsules, which will be available in 100\u00b5Ci and 200\u00b5Ci formulations.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210803005064\/en\/<\/a><\/p>\n

\nIodide I-123 (as sodium iodide I-123) is a radioisotope of iodine, a staple product in radiopharmacies that is used routinely in nuclear medicine as the proven standard for the diagnosis of physiological abnormalities in the thyroid, including thyroid cancer. The American Cancer Society estimates that approximately 44,280 Americans will be diagnosed with thyroid cancer in 2021.\n<\/p>\n

\n\u201cThis exclusive sales and manufacturing agreement marks NorthStar\u2019s strong and growing relationship with GE Healthcare, and we look forward to working with the company in meeting the needs of radiopharmacy customers and the patients we all serve,\u201d said Stephen Merrick, President and Chief Executive Officer of NorthStar Medical Radioisotopes. \u201cNorthStar is strongly committed to the future of nuclear medicine. The ability to provide I-123 further expands our diagnostic imaging portfolio, which includes domestically produced, non-uranium Mo-99\/technetium-99m and FibroScint, a novel fibrin-specific diagnostic imaging agent with potential clinical utility in cardiovascular care.\u201d\n<\/p>\n

\n\u201cWe are pleased to sign this agreement and look forward to working with NorthStar in providing patients across the United States with I-123 capsules,\u201d said Chris Vessell, U.S. Nuclear Medicine Supply Chain Leader, GE Healthcare Pharmaceutical Diagnostics. \u201cNorthStar has proven itself a leader in successfully driving technology development to produce innovative, real-world solutions for radioisotope production to meet healthcare needs, and we anticipate a productive relationship with the company.\u201d\n<\/p>\n

\nGE Healthcare Pharmaceutical Diagnostics imaging agents support three patient procedures every second worldwide across MRI, X-ray\/CT, ultrasound and nuclear medicine imaging.\n<\/p>\n

About GE Healthcare <\/strong><\/p>\n

\nGE Healthcare is the $18 billion healthcare business of GE (NYSE: GE). As a leading global medical technology, pharmaceutical diagnostics and digital solutions innovator, GE Healthcare enables clinicians to make faster, more informed decisions through intelligent devices, data analytics, applications and services, supported by its Edison intelligence platform. With over 100 years of healthcare industry experience and around 47,000 employees globally, the company operates at the center of an ecosystem working toward precision health, digitizing healthcare, helping drive productivity and improve outcomes for patients, providers, health systems and researchers around the world. Follow us on Facebook<\/a>, LinkedIn<\/a>, Twitter<\/a>, and Insights<\/a> for the latest news, or visit our website www.gehealthcare.com<\/a> for more information. For information about GE\u2019s forward-looking statements, see https:\/\/www.ge.com\/investor-relations\/important-forward-looking-statement-information<\/a><\/p>\n

About NorthStar Medical Radioisotopes, LLC (NorthStar)<\/b><\/p>\n

\nNorthStar Medical Radioisotopes is a commercial-stage nuclear medicine company that develops, produces and manufactures reliable and environmentally-friendly diagnostic and therapeutic radiopharmaceuticals. Its first FDA-approved diagnostic imaging product is technetium-99m (Tc-99m), which is used in 40,000 patient imaging studies per day in the United States as standard of care to assess extent and severity of heart disease and cancer. Tc-99m is generated by NorthStar\u2019s novel RadioGenix\u00ae System (technetium Tc-99m generator) which uses U.S.-produced, non-uranium based molybdenum-99 (Mo-99) as its source material. The Company is executing a well-defined plan to consistently increase the scale of Mo-99 production and to continuously improve efficiencies to meet anticipated increased demand. Therapeutic radioisotopes are increasingly important cancer treatment options, and NorthStar is developing commercial-scale production technologies to meet high demand for their use in ongoing clinical trials by multiple pharmaceutical companies. In addition, the Company is advancing a portfolio of other radiopharmaceuticals for use in therapeutic and diagnostic applications. For more information, visit: www.northstarnm.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210803005064\/en\/<\/a><\/span><\/p>\n

For NorthStar Medical Radioisotopes, LLC
\n<\/b>
Corporate:
\n
Lisa Holst
\n
Vice President Sales and Marketing
\n
678-471-9027
\n
lholst@northstarnm.com
\n<\/a><\/p>\n

Investor Relations:
\n
Paul Estrem
\n
Executive Vice President and Chief Financial Officer
\n
608-987-8318
\n
pestrem@northstarnm.com
\n<\/a><\/p>\n

Media:
\n
Priscilla Harlan
\n
781-799-7917
\n
pharlan@shiningrockllc.com
\n<\/a><\/p>\n

For GE Healthcare
\n<\/b>
David Morris
\n
Communications Director, Pharmaceutical Diagnostics
\n
GE Healthcare
\n
+44 7920 591 370
\n
David.j.morris@ge.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Wisconsin Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Medical Supplies Health Hospitals General Health Pharmaceutical Biotechnology<\/p>\n

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NorthStar Medical Radioisotopes and GE Healthcare Sign Exclusive U.S. Manufacturing and Distribution Agreement \u2212 Collaboration will produce and distribute Iodine-123 (I-123) capsules, the proven radiopharmaceutical standard in diagnostic imaging studies for thyroid disease \u2013 BELOIT, Wis. & ARLINGTON HEIGHTS, Ill.–(BUSINESS WIRE)–NorthStar Medical Radioisotopes, LLC, a global innovator in the development, production and commercialization of radiopharmaceuticals used for medical imaging and therapeutic applications, and GE Healthcare today announced the signing of an exclusive agreement for the manufacturing and distribution of iodine-123 (I-123) capsules in the United States. Under the contract terms, GE Healthcare\u2019s Pharmaceutical Diagnostics unit will manufacture and supply NorthStar with I-123 capsules under the NorthStar label using a new, state-of-the-art production system at its facility in Arlington Heights, Ill. … <\/p>\n

Continue reading “NorthStar Medical Radioisotopes and GE Healthcare Sign Exclusive U.S. Manufacturing and Distribution Agreement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-522032","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNorthStar Medical Radioisotopes and GE Healthcare Sign Exclusive U.S. Manufacturing and Distribution Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northstar-medical-radioisotopes-and-ge-healthcare-sign-exclusive-u-s-manufacturing-and-distribution-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NorthStar Medical Radioisotopes and GE Healthcare Sign Exclusive U.S. Manufacturing and Distribution Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NorthStar Medical Radioisotopes and GE Healthcare Sign Exclusive U.S. Manufacturing and Distribution Agreement \u2212 Collaboration will produce and distribute Iodine-123 (I-123) capsules, the proven radiopharmaceutical standard in diagnostic imaging studies for thyroid disease \u2013 BELOIT, Wis. & ARLINGTON HEIGHTS, Ill.–(BUSINESS WIRE)–NorthStar Medical Radioisotopes, LLC, a global innovator in the development, production and commercialization of radiopharmaceuticals used for medical imaging and therapeutic applications, and GE Healthcare today announced the signing of an exclusive agreement for the manufacturing and distribution of iodine-123 (I-123) capsules in the United States. 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