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Reuters Sept 29 says Northstar Medical Technologies secured growth financing led by Hercules Capital, including $100 million upfront, to accelerate investment in isotope production and drug manufacturing.
Northstar Medical Technologies Secures Up To $185 Million Growth Financing Led By Hercules Capital
The multi-year growth capital facility includes $100 million upfront and is aimed at expanding NorthStar's Actinium-225 production and radiopharmaceutical manufacturing capabilities.
NorthStar Medical Technologies, LLC (NorthStar), the first commercial-scale producer of no-carrier-added actinium-225 (n.c.a. Ac-225) using electron-accelerator technology, today announced a multi-year growth capital facility of up to $185 million with Hercules Capital, Inc. (NYSE:HTGC) to support…