SHINE Medical secures $150m to support isotope technologies

The company produces diagnostic isotope molybdenum-99 and therapeutic isotope lutetium-177.

SHINE Medical Technologies has secured $150m in a Series C-5 funding round to support the marketing of its medical isotope technologies developed for diagnostic and therapeutic applications.

The funds will also be used to develop new applications by leveraging fusion-based technologies.

Koch Disruptive Technologies led the financing, which was joined by Fidelity Management & Research Company and Baillie Gifford, as well as additional new and existing investors.

Koch Disruptive Technologies president Chase Koch said: “SHINE’s innovative medical isotope technologies, which play a crucial role in identifying and treating patients with debilitating diseases, are astounding.

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