POSC News .0129 Facility 2012-06-05 12:10 ET - Ne

POSC News .0129 Facility

2012-06-05 12:10 ET - News Release

LUBBOCK, Texas, June 5, 2012 /PRNewswire/ -- Positron Corporation (OTCBB: POSC) a leading molecular imaging healthcare company, specializing in the field of nuclear cardiology announces completion of its first strontium validation effort. In May 2012, Manhattan Isotope Technology (MIT), a Positron subsidiary, successfully processed strontium. The internal analysis of the product demonstrates it meets the Sr-82 purity specifications required for the formulation of Sr-82/Rb-82 generators. MIT has now generated the necessary data required for its Drug Master File (DMF) and will be submitting its DMF to the FDA shortly. The second validation sample from the ARRONAX Cyclotron Facility in Nantes, France is set for strontium processing later this month.

Jason Kitten, President of MIT, commented on completion of this milestone, "This is the first strontium-82 validation to be performed outside of the national laboratory arena and sets the stage for private entry into the strontium-82 radioisotope supply chain. The objective of Positron's isotopes mission is to improve the reliability and increase the availability of Sr-82 supply; further advancing cardiac PET. Positron's dedication to cardiac PET will lead the way in liberating the United States dependency on reactor-based isotopes, thereby reducing the need for highly enriched uranium. Sr-82 production, processing, and Rb-82 PET are well-established technologies; the techniques, modalities, and know-how have been available for some time and only now, though Positron's vertically integrated strategy, a full solution is becoming a reality."