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Stock impact report

Nihon Medi-Physics Launches In-house Production of Molybdenum-99

SUMITOMO CHEM UNSP/ADR (SOMMY) 
NASDAQ:AMEX Investor Relations: sumitomo-chem.co.jp/english/ir
Company Research Source: PR Web
TOKYO (PRWEB) October 11, 2019 Nihon Medi-Physics (NMP), the leading radiopharmaceutical company in Japan, announced the in-house production of Molybdenum-99 (99Mo), the critical raw material for Technetium-99m (99mTc).NMP launched a project for the in-house production of 99Mo by investing about JPY1.3Bn and plans to start commercial production of 99Mo in 2023. They have developed a new manufacturing process that uses an accelerator instead of a nuclear reactor. It is an environment-friendly procedure without generating nuclear waste. A stable supply of pharmaceutical products is the most important mission for a pharmaceutical manufacturer. Stable procurement of 99Mo is an essential factor for fulfilling this mission sustainably. Therefore, NMP has been collaborating with the Research Center for Electron Photon Science, Tohoku University, since 2016 to develop a new 99Mo manufacturing process using an electron accelerator. NMP has successfully conquered various issues such as 99M Show less Read more
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