SHINE Technologies will provide its medical isotope to an Australian biotech company

A radioactive isotope in the lab.

Janesville-based SHINE Technologies, a manufacturer of medical isotopes, will begin providing one of its flagship products to Sydney, Australia-based Radiopharm Theranostics through a new clinical supply agreement. SHINE will supply Radiopharm with the isotope Lutetium-177.

SHINE first began producing Lutetium-177, also called Lu-177, in April 2021. The company said it saw strong demand for Lu-177 from clinical trial sponsors because of its potential to revolutionize the treatment of cancer patients.

Lu-177 will be used by Radiopharm in the development of its clinical pipeline of diagnostic and therapeutic radiopharmaceutical products. Lu-177 is an important isotope utilized in multiple programs across Radiopharm’s portfolio.

“One way or another, nearly everyone has been affected by cancer. SHINE’s efforts in lutetium-177 are all about prolonging the lives of those affected most directly,” said Chris Vessell, general manager of SHINE’s Therapeutics Division. “We are excited that our isotopes will play a critical role in Radiopharm Theranostics’ programs that aim to revolutionize cancer treatment.”

SHINE aims to be the industry’s only vertically integrated producer of Lu-177 in order to provide a reliable and scalable supply, independent of current supply-chain restraints. The company also manufactures Mo-99, an isotope that decays into an imaging agent used in 40,000 diagnostic medical procedures in the U.S. each day.

“Ensuring supply of key isotopes continues to be a priority for our team, allowing us to accelerate our clinical programs unimpeded,” said Riccardo Canevari, CEO and managing director of Radiopharm Theranostics. “Lutetium-177 is required for three of our more advanced assets and this clinical supply agreement with SHINE, an experienced player in nuclear technology, is another important step in de-risking our business plan.”

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.

No posts to display