Shine talks with Indonesian investors

AuntMinnie.com staff writers
Jun 26, 2014

Medical isotope firm Shine Medical Technologies soon may have two new investors from Indonesia.

The company has signed a three-way memorandum of understanding with PT Industri Nuklir Indonesia and IPTN North America to invest in Shine's planned molybdenum-99 (Mo-99) production facility in Janesville, WI. Mo-99 decays into technetium-99m, the most commonly used radioisotope in nuclear medicine.

The trio is also considering the possibility of building a second facility in Indonesia to serve the Eastern Hemisphere.

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