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Advanced Medical Isotope Corporation Message Board

  • joynlight77 joynlight77 Aug 22, 2012 11:26 AM Flag

    This summarizes the importance of this company

    Taken from the latest article write up on Advanced medical Isotope corp. I feel this summarizes the biggest gain factor for the company.

    "The company believes that it has entered a major market by tackling the isotope business. The market was valued at $3.2 billion in 2010, and is expected to reach about $5 billion by 2015. Over 10,000 hospitals globally use medical isotopes, with about 90% being utilized for diagnostics. The most commonly used medical isotopes are molybdenum-99 and its derivative, technetium-99m."

    "The U.S. alone uses these isotopes in over 50,000 diagnostic procedures each day. Most of the Mo-99 is produced by aging nuclear reactors nearing the end of their useful lives. When the NRU reactor at Chalk River, Canada shuts down in 2015, half the global production capacity will be lost. There are no current plans to replace the reactor. Advanced Medical Isotope's solution to the looming shortage is to create a reliable supplier for which it has entered into an agreement with the existing Missouri University Research Reactor. The company expects to be in a position to supply up to 50% of the U.S. demand for that particular isotope."

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