The Joint Venture follows the existing strategic partnership between ITM and CIRC which was initially formed in 2010 and further extended in November 2019. As part of the newly-formed Joint Venture, ITM and CIRC will also work on securing and scaling the supply of diagnostic and therapeutic radioisotopes as a robust basis for the clinical development and commercialization of targeted radiotherapeutics and diagnostics in China both independently and together with local pharmaceutical partners. Further details of the agreement were not disclosed.
About ITM Isotopen Technologien München AG
ITM, a privately held radiopharmaceutical biotech company founded in 2004, is dedicated to providing the most precise cancer radiotherapeutics and diagnostics to meet the needs of patients, clinicians and our partners through excellence in development, production and global supply. With patient benefit as the driving principle for all we do, ITM is advancing a broad pipeline combining its superior radioisotopes with targeting molecules to create precision oncology treatments. ITM is leveraging its leadership and nearly two decades of radioisotope expertise combined with its worldwide network to enable nuclear medicine to reach its full potential for helping patients live longer and better. For more information, please visit www.itm-radiopharma.com.
About China Isotope & Radiation Corporation (CIRC) and Chengdu Gaotong Isotope (CNGT)
China Isotope & Radiation Corporation (CIRC stock code: HK01763), a company incorporated under the laws of the PRC is the holding subsidiary of China National Nuclear Corporation (CNNC) and the leading nuclear technology application enterprise in China. Upholding the mission to create a better life with the adoption of nuclear science and technology, CIRC has dedicated itself over decades to R&D, manufacture, distribution and related service provision of radioisotope, radiopharmaceuticals, radioactive source, radiation engineering and processing etc. There are more than 50 production lines capable of supplying over 70 nuclides and 300 kinds of products all together. As of July 6, 2018, CNNC directly and indirectly holds 73.83% of shares of CIRC.
Chengdu Gaotong Isotope Co., Ltd. (CNGT), a company incorporated under the laws of the PRC, owned by CIRC as to 93.15% of its equity interest. CNGT is mainly engaged in the production of radiopharmaceuticals, sealed radioactive sources with activity categorized from 5 to 1, and provision of related technical services, including sealed source reloading, radioactive material transportation and recycling.
ITM Corporate Contact
Susanne Karlsson
Interim Head of Marketing & Communications
Phone: +49 89 3298986-1502
Email: Susanne.Karlsson@itm-radiopharma.com
ITM Media Requests
Trophic Communications
Stephanie May or Valeria Fisher
Phone: +49 171 185 56 82