MONONA, Wis. – SHINE Medical Technologies, Inc. (SHINE) announced today that it executed a term sheet providing for up to $125 million of debt and equity financing with Deerfield Management Company, L.P. (Deerfield), a New York headquartered healthcare investment firm. SHINE plans to build a new manufacturing plant in Wisconsin to produce more than a quarter of world supply of the most commonly-used isotope in nuclear medicine, molybdenum-99 (moly-99).
Under the terms of the financing, Deerfield would provide SHINE the debt financing in milestone-driven phases. In addition, a portion of Deerfield’s commitment would include participation in the concurrent…read more +
Monona, Wis. – Phoenix Nuclear Labs (PNL) announced today that it has been awarded a one-year, $3 million contract by the U.S. Army to build an advanced neutron radiography unit.
The neutron imaging system will be used for the nondestructive inspection of munitions, pyrotechnics and other critical defense components. The company will deliver an upgraded, second-generation version of a similar system that it delivered to Picatinny Arsenal in 2013. The new system is expected to generate 10 times the amount of neutrons, enabling faster performance, and will be capable of producing digital images that will improve the system’s ability to…read more +