HTA Co., Ltd. (HTA), the largest Chinese producer and distributor of radiopharmaceuticals, and SHINE Medical Technologies (SHINE), a U.S. company dedicated to being the world leader in the safe, clean, affordable production of medical isotopes, announced today that the companies have entered into a strategic agreement for the supply of molybdenum-99 (moly-99). The supply agreement, which marks HTA’s first with a U.S. supplier of moly-99, demonstrates both companies’ ongoing commitment to ensuring that the medical imaging community has reliable and secure access to moly-99 to meet the needs of patients.
“HTA has a bold vision to grow nuclear medicine for the benefit of Chinese patients,” said Greg Piefer, CEO of SHINE. “I am thrilled that SHINE, one of the most exciting companies in nuclear medicine is teaming up with HTA to ensure the largest growth market in the world is well supplied with these lifesaving products.”
“HTA, the largest distributor of medical isotopes in China, is a great company, playing a critical role in patient care, and we believe this is the beginning of a long, successful relationship between HTA and SHINE,” said Mr. Guo Chunsheng, President of HTA, about the agreement.
Under the terms of the agreement, SHINE will provide moly-99 produced using its proprietary low enriched uranium (LEU)-solution technology for use in HTA’s technetium generators once SHINE’s facility becomes operational. SHINE’s LEU moly-99 manufacturing process does not require a nuclear reactor and is compatible with the world’s existing supply chain for moly-99.
