New company will advance Actinium-225 technologies, quickly secure supply, and construct a new production facility in Canada to produce industrial-scale quantities of rare medical isotope
Garching / Munich, Germany and Chalk River, Ontario, Canada, October 18, 2023 –
ITM Isotope Technologies Munich SE (ITM), a leading radiopharmaceutical biotech company, and Canadian Nuclear Laboratories (CNL), which manages and operates the national laboratory at Chalk River, Ontario on behalf of Atomic Energy of Canada Limited (AECL), today announced the launch of Actineer™ Inc., a new joint venture company between CNL and ITM for the industrial scale production of Actinium-225 (Ac-225). As a rare alpha-emitting medical radioisotope, Ac-225 is quickly gaining attention across the precision oncology field due to its significant potential as a powerful new weapon in the fight against cancer.
The joint venture will fulfill the unmet global manufacturing and production needs of this coveted radioisotope. Under terms of the agreement, Actineer will advance Ac-225 production and processing technologies to establish short-term production capabilities of the medical isotope that will significantly boost international supplies, while working long-term towards the construction of a new Actinium Production Facility (APF) that will feature dedicated large-scale infrastructure to produce Ac-225.
The collaboration also encompasses the development and implementation of the manufacturing process to be used at the APF. CNL will provide the starting material for irradiation and initially manage the production process during the interim scale of radiochemical grade Ac-225 supply, while ITM will further process the resulting Ac-225 to pharmaceutical grade under Good Manufacturing Process (GMP) specifications. ITM will also be responsible for global marketing, sales, and distribution, which will be supported by its well-established global sales network. The joint venture remains subject to further closing conditions expected to be satisfied in early 2024. Further details of the agreement were not disclosed.
“Targeted alpha therapies based on Actinium-225 are gaining increasing importance in addition to the well-established beta emitters such as our highly-pure non-carrier-added (n.c.a.) Lutetium-177. Joining forces with CNL provides us the opportunity to extend our therapeutic portfolio as we continue striving to meet the needs of healthcare professionals and cancer patients worldwide,” commented Steffen Schuster, CEO of ITM.