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Madison company getting $5.2M to build manufacturing plant

MADISON, Wis. (AP) — A Madison-based company will receive an additional $5.2 million from the federal government to build a medical radioisotope manufacturing plant.

NorthStar Medical Radioisotopes broke ground on the Beloit facility in July. The company will produce molybdenum-99, which decays into technetium-99m, an isotope used in a wide variety of health screening tests, at its new factory.

The Wisconsin State Journal reports the U.S. Department of Energy’s National Nuclear Security Administration has agreed to give NorthStar more than $16 million total. The company is expected to match the amount given by the federal agency.

According to NorthStar, its production method is safer than others because it doesn’t use uranium.

Information from: Wisconsin State Journal, http://www.madison.com/wsj

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