ITM and Canadian Nuclear Labs launch new company

ITM Isotope Technologies Munich and Canadian Nuclear Laboratories have launched a company called Actineer to focus on the production of actinium-225 (Ac-225).

Ac-225 is a radioisotope used in the treatment of cancer. Under terms of the deal, Actineer will establish short-term production capabilities of the isotope based on current infrastructure, with plans being made for the construction of a new production facility.

The joint venture remains subject to further closing conditions expected to be satisfied in early 2024, ITM noted. Canadian Nuclear Labs manages and operates a national laboratory at Chalk River, Ontario, on behalf of Atomic Energy of Canada Limited.

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