Radiotherapy pharmaceutical developer NeoRx has completed its purchase of a Denton, TX, manufacturing facility from International Isotopes. Seattle-based NeoRx paid $6 million in cash and assumed $6 million of restructured debt to acquire the facility and related assets. The company will use the facility primarily to produce its skeletal targeted radiotherapy kit for multiple myeloma, as well as additional products in development.
In other news, NeoRx has signed on Les Sabo, former director of nuclear medicine operations at Hazelwood, MO-based Mallinckrodt, as director of radiopharmaceutical manufacturing at the Denton site.
By AuntMinnie.com staff writersApril 20, 2001
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