IsoRay receives QTDP grant

Medical isotope developer IsoRay Medical of Richland, WA, has been awarded $527,000 under the U.S. government's Qualifying Therapeutic Discovery Project (QTDP) program.

The funds will be applied to develop the use of IsoRay's cesium-131 brachytherapy seeds for internal radiation therapy in conjunction with lumpectomy surgery for early-stage breast cancer in accelerated partial-breast irradiation.

QTDP provides financial support for projects that the U.S. Department of Health and Human Services believes could result in a new therapy, reduce healthcare costs, or represent an important advance in finding a cure for cancer.

Related Reading

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IsoRay reports NSCLC multicenter study, October 13, 2010

IsoRay revenue dips in FY10, September 28, 2010

IsoRay to distribute Hologic's GliaSite, June 23, 2010

IsoRay sales slip, net loss narrows, May 12, 2010

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