The Canadian government announced an investment of up to C$35 million ($26.6 million) to bolster the development and production of medical isotopes in the country.
Medical isotopes are radioactive substances used in diagnostic imaging and treatment of health conditions such as heart diseases and cancer. They are produced using nuclear reactors and particle accelerators.
As part of the funding, indigenous group Saugeen Ojibway Nation will collaborate with Bruce Power, which supplies 30% of Ontario's power through its private nuclear generator, to jointly produce and market new isotopes. Already a leading supplier of Cobalt-60 for sterilizing single-use medical devices, Bruce Power aims to ramp up production of Lutetium-177, which is used in advanced prostate cancer treatment.
"We will be expanding production to double it by 2024-2025," Bruce Power Chief Executive Michael Rencheck told Reuters. The nuclear generation site in Ontario has eight reactors, out of which medical isotopes are currently produced at only one reactor."Scalability is quite large," said Rencheck, adding that with declining acceptance of Russian-made isotopes, there is room for growth.Reuters Health Information © 2023
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jake Paul's Betr Company Valued At $300 Million After Raising $35 MillionJake Paul's Betr company is now valued at $300 MILLION!!
Read more »
Report: Swiss Authorities Seize $26 Million in Cryptocurrency Linked to Terraform Labs and Do Kwon – Bitcoin NewsSwiss officials seized approximately $26 million in bitcoin and other cryptocurrencies, believed to be linked to Terraform Labs.
Read more »
The Best Neck Creams Under $26 to Combat Sagging Skin and Tech Neck - E! OnlineAddress fine lines and crepey skin with these cult favorite neck creams.
Read more »
Canadian wildfire emissions hit record high as smoke reaches EuropeWildfires burning through large swathes of eastern and western Canada have released a record 160 million tonnes of carbon, the EU's Copernicus Atmospheric Monitoring Service said on Tuesday.
Read more »
Canadian wildfires continue to wreak havoc on our air qualitySmoke from Canadian wildfires are causing hazy skies throughout the Chicago area and creating unhealthy breathing conditions throughout the upper Midwest, according to meteorologists.
Read more »