Dec-2017
CPDC’s collaborative partner ARTMS Products Inc. raises $3 Million USD to advance a safe alternative way to locally produce medical isotopes and avoid future supply disruptions
CPDC’s collaborative partner ARTMS Products Inc., the leader in the development of novel technologies which enable the production of the world’s most-used diagnostic imaging isotope, announced it has raised $3 million USD. The investment comes from Quark Venture Inc. and GF Securities, through their Global Health Science Fund, which invests in world-leading health sciences technology platforms and product companies around the world. ARTMS flagship product is the QUANTM Irradiation System (QIS®), a hardware and consumable system that produces technetium-99 (Tc-99m) on medical cyclotrons to enable cost-effective, decentralized, and local production of this important medical isotope.
Tc-99m is used globally in over 80 percent of all nuclear medicine imaging procedures in areas such as cardiology, oncology, and neurology. Typically sourced from an aging, international base of nuclear reactors, this important medical isotope has been subject to significant supply disruptions in recent years resulting in serious implications for patient care. ARTMS’ technology, will alleviate these supply issues and help stabilize the global supply chain of this medical isotope, by enabling the local production of Tc-99m using hospital-based medical cyclotrons, instead of nuclear reactors.
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