International Isotopes Secures AMICI Product Line Acquisition

International Isotopes Enhances Product Line Through Acquisition

International Isotopes Inc. (OTCQB: INIS) is thrilled to announce the successful amendment of its Asset Purchase Agreement with AMICI, Inc. This pivotal agreement aims to bolster the company’s product offerings significantly. With this amendment, International Isotopes is set to receive critical assets that will expand its capabilities in the medical device arena.

Details of the Acquisition

As part of the newly amended agreement, International Isotopes will obtain essential manufacturing molds, device registrations, trademarks, and complete production rights related to the AMICI product line, specifically the Xenon System products. This acquisition also includes the registered intellectual property associated with the innovative Swirler® and Tru-Fit™ Mouthpiece products, allowing International Isotopes to strengthen its market position.

Comments from Leadership

Shahe Bagerdjian, President of International Isotopes, shared his enthusiasm about this agreement, stating, "We’re glad to have come to an agreement with Mr. Bono to finalize the Asset Purchase Agreement. It’s good to now have full control of the intellectual property behind the Swirler® and Tru-Fit™ and we look forward to the Xenon System joining the rest of our RadVent medical device lineup in 2025." His sentiment highlights the confidence in these new products that are set to enhance their existing offerings.

Impact on the Medical Device Segment

AMICI, Inc. has established itself as a prominent manufacturer and distributor of diagnostic and therapeutic products for lung ventilation. Their range encompasses masks, mouthpieces, bacteria/virus filters, absorbents, and the groundbreaking Swirler® Radioaerosol System. This strategic acquisition is expected to greatly complement International Isotopes' Medical Device segment and will be marketed under the RadVent product line, showcasing the company’s commitment to innovation.

Looking Ahead to 2025

The exciting transition of the AMICI product line into International Isotopes’ offerings signifies the company's growth trajectory. With plans to incorporate the Xenon System alongside their existing medical devices, they aim to provide superior solutions to healthcare providers and patients alike. The strategic move into this new segment reflects the company's aspirations to lead in medical innovations.

Overview of International Isotopes Inc.

International Isotopes Inc., founded in 1995 and headquartered in Idaho Falls, specializes in the manufacturing of a wide array of radioisotope-focused products. The company is recognized for producing generic sodium iodide I-131, a radio-pharmaceutical drug product vital for treating hyperthyroidism and thyroid cancer. Moreover, International Isotopes supplies an extensive range of calibration and reference standards for nuclear pharmacies and SPECT/PET imaging systems under the RadQual brand.

Future Initiatives

Looking towards the future, the company has engaged in a manufacturing joint venture with Alpha Nuclides, marking a significant step in its international expansion. This partnership aims to introduce both International Isotopes and RadQual products to the Chinese market through Radnostix China. The planned launch of the RadVent medical devices in 2025, including the Swirler® and Tru-Fit™ products, further underscores the company’s dedication to enhancing patient care.

For those interested in learning about the features and benefits of the RadVent Swirler®, Tru-Fit™, and Xenon Systems, further details can be found on the company’s website.

Frequently Asked Questions

What is the significance of the acquisition?

This acquisition allows International Isotopes to enhance its medical device offerings, particularly in lung ventilation technology.

What products are included in the AMICI acquisition?

The acquisition includes manufacturing molds, device registrations, trademarks, and production rights for the AMICI product line, including Xenon System products.

When is the RadVent device line expected to launch?

The RadVent brand of medical devices is expected to launch in 2025.

What are the key advantages of the Swirler® and Tru-Fit™ products?

These products are designed to improve patient experience and effectiveness in medical treatments related to lung ventilation.

How has International Isotopes expanded its product reach?

Through a joint manufacturing venture in China, the company aims to broaden its market presence and product accessibility.

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