IsoRay takes stake in Russian manufacturer

Medical isotope developer IsoRay has purchased a 30% ownership stake in Russian medical isotope manufacturing and distribution company UralDial.

The new company, based in Yekaterinburg, Russia, should significantly reduce IsoRay's manufacturing costs, will ensure a steady supply of isotopes from multiple Russian sources, and open new international markets for IsoRay's Proxcelan cesium-131 brachytherapy seeds, according to the Richland, WA-based firm.

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IsoRay expands new brachytherapy plant, August 30, 2007

IsoRay to join AMEX, April 16, 2007

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