IsoRay scores additional financing

Medical isotope developer IsoRay Medical has closed on $16.5 million in equity financing.

The Richland, WA-based company plans to use the net proceeds to expand its sales and marketing efforts and invest in plant, equipment, and manufacturing technologies to lower production costs and bolster the application of medical isotopes beyond the prostate market.

By AuntMinnie.com staff writers
March 23, 2007

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