Rafarma Pharmaceuticals has entered into negotiations with the Institute of Isotopes Co. Ltd.
Rafarma Pharmaceuticals, Inc. (OTC: RAFA), BEBIG and the Institute of Isotopes Co. Ltd. have held a meeting in Budapest and discussed possible options for mutual work, in particular the creation of a full-cycle contract manufacturing (irradiation and packaging) and a partial cycle (packaging) and interest in joint work on the registration of microspheres in the EU.
The key issues at the meeting were the determination of irradiation and packaging cost as of the first quarter of 2022 and preparation for non-radioactive microspheres comparative exposure.
Companies for which this cooperation is not the first also discussed other issues and industry opportunities related to the contract manufacturing of radiopharmaceuticals. Bebig, which will soon become part of the Rafarma Pharmaceuticals group of companies, has long seen prospects in partnership with the Institute of Isotopes Co. Ltd. The production capabilities of the Institute of Isotopes LLC were investigated by a technological audit and analyzed by Bebig in 2020. Unfortunately, the onset of the coronavirus pandemic has significantly slowed down the begun work.
The objective of the current negotiations was to determine the feasibility of replicating Bebig’s most auspicious technologies on the company premises in Budapest. To date, the companies are ready to continue their joint pharmaceutical activities and believe in success despite external circumstances.
ABOUT INSTITUTE OF ISOTOPES CO. LTD.:
Institute of Isotopes Co. Ltd. is on the frontline of radioisotope technology collaborating with long-term partners and customers. The company is dealing with the research, development and production of a wide variety of radioactive isotopes and other products for a broad range of application areas, especially healthcare, research and industry. Over the years the company has developed numerous products from diagnostic kits to radioactive sources for various radioactive applications.
For more information, please visit http://www.izotop.hu
Bebig, which will soon become part of the Rafarma Pharmaceuticals group of companies, has been introducing innovative treatment methods of oncological diseases to the Easter Europe market since 2004. For a long time, the company has been focusing on prostate cancer therapy with low-dose iodine-125 brachytherapy. Thus, in 2014, Bebig launched the first plant in Eastern Europe for iodine-125 micro sources production under the license of Eckert & Ziegler, a leading German manufacturer of medical devices and equipment for brachytherapy.
For more information, please visit http://en.bebig.ru
ABOUT RAFARMA PHARMACEUTICALS:
Rafarma Pharmaceuticals is an international holding company is engaged in projects conducting the production and market entry of innovative drugs and technology platforms. The business has had a reputation as a reliable manufacturer and distributor since 1930. Rafarma pharmaceuticals run more than 25 programs in molecular biology, nuclear medicine, immunology, sustainable packaging and many other fields at the moment.
For more information, please visit https://www.noyarp.com
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INSTITUTE OF ISOTOPES CO. LTD
Source: Rafarma Pharmaceuticals, Inc.