Navigation Links
Positron Retains Investment Banking Firm Covington Associates To Lead Financing Of Cyclotron Project
Date:6/7/2013

CHICAGO, June 7, 2013 /PRNewswire/ -- Positron Corporation (OTCBB:POSC), a nuclear medicine healthcare company, announces today that it has retained Covington Associates, LLC ("Covington"), as its investment banking advisor in connection with the financing of its 70 MeV cyclotron project. Covington, a specialty investment banking firm dedicated to healthcare and technology companies, will advise the Company on various financing and strategic opportunities related to the $60 million required for this 70 MeV cyclotron.

Positron intends to build, own and operate a high-energy, high-current, cyclotron facility for the production of medical diagnostic imaging and radiotherapy radioisotopes.  The Company expects to finance the project through a combination of debt, equity and economic incentives. 

The proposed 70 MeV cyclotron, a Cyclone 70, manufactured by IBA s.a. of Belgium, is a state of the art multi-particle, high energy, industrial cyclotron capable of producing medical and industrial radioisotopes. Positron's cyclotron will be unique in its purpose as its focus will be to provide a consistent and reliable supply of critical radioisotopes utilized in diagnostic medical imaging, specifically cardiac PET. The Company expects that once completed, its 70 MeV cyclotron will be the largest commercially owned and operated high-energy, high-current cyclotron in the world.

"Strontium-82 will be the primary radioisotope produced at our facility, the source radioisotope used to produce rubidium-82 generators. Our approach to significantly increase the supply of strontium-82 directly addresses the industry's most critical issue of limited availability of radiopharmaceuticals that are utilized in thousands of cardiac PET imaging procedures throughout the country each year," stated Patrick G. Rooney, CEO of Positron. "Positron is focused on facilitating the
'/>"/>

SOURCE Positron Corporation
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Positron Consolidates Radiopharmaceutical & Radioisotope Facilities
2. Positrons Attrius PET Scanner Now Utilized In Alzheimers Imaging With Amyvid Agent
3. Neusoft Positron Medical Systems Receives ISO Certification and CE Mark for their Attrius PET System
4. Positron Appoints Charles Conroy As Chief Operating Officer
5. Positron Introduces Next Generation PosiRx Pharmacy Automation Systems
6. Positron And Biologics Modular Enter Into Co-Marketing Agreement
7. Omeros Reports Positive Results from OMS824 Positron Emission Tomography Clinical Trial
8. Winner Medicals Special Committee Appoints Independent Financial Advisor and Retains Legal Counsel
9. Vasomedical Retains KCSA Strategic Communications as Corporate Communications Counsel
10. BioDrain Medical Retains KCSA Strategic Communications as Corporate Communications Counsel
11. Intrepid Investment Bankers LLC Advises Newport Medical Instruments, Inc. in its Sale to Covidien plc
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/21/2014)... Calif. , Nov. 20, 2014  Edwards Lifesciences ... in the science of heart valves and hemodynamic monitoring, ... giving in 2014 to support a strong launch of ... Matters , and to improve the global communities where ... 2014, Edwards, global corporate giving will exceed $8 million, ...
(Date:11/21/2014)... 2014  The acceptance of two abstracts on ... Congress demonstrates continued interest in the Eclipse System, ... control. One of the abstracts, presented by Catherine ... of Urogynecology and Reconstructive Pelvic Surgery at the ... Best Written Abstract on Urogynecology/Pelvic Floor Disorders/Vaginal Surgery. ...
(Date:11/21/2014)... 20, 2014   Wellcentive , the industry ... healthcare organizations, announced today being named one of ... Innovation Award .  Sponsored by Intel, the world ... fourth year, recognizes companies developing leading-edge technology and ... processes. Wellcentive,s Mason Beard ...
Breaking Medicine Technology:Edwards Lifesciences Increases Charitable Giving In 2014 To Support Launch Of Every Heartbeat Matters 2LIFE Study Prominently Featured at Minimally Invasive Gynecology Conference 2LIFE Study Prominently Featured at Minimally Invasive Gynecology Conference 3Wellcentive Named Finalist for 2014 Intel Innovation Award 2Wellcentive Named Finalist for 2014 Intel Innovation Award 3
(Date:11/21/2014)... London, UK (PRWEB) November 21, 2014 ... only ISO verified healthcare professional panel, today announced two important ... appointment of Roni DasGupta as President of Market Research, Americas ... Market Research, Europe. , Ms. DasGupta joined M3 ... President and most recently Head of Sales. Roni has ...
(Date:11/21/2014)... Dennis Thompson HealthDay Reporter ... or obese women who get pregnant are much more likely ... an adult, new research suggests. But it looks like ... trend, the researchers added. "Mothers who are overweight teach ... Dr. Michael Mendelson. He is a research fellow at the ...
(Date:11/21/2014)... THURSDAY, Nov. 20, 2014 (HealthDay News) -- Some people ... the implant,s internal magnet when they undergo an MRI ... information supplied by the researchers, about 300,000 people worldwide ... sound to people who are deaf or have severe ... among people with cochlear implants when undergoing MRI. ...
(Date:11/21/2014)... Gordon HealthDay Reporter THURSDAY, ... agencies have proposed new rules that will make it easier ... or not. The proposed changes would expand the ... their results to ClinicalTrials.gov -- a publicly accessible database, according ... U.S. Department of Health and Human Services. "This ...
(Date:11/21/2014)... Nov. 20, 2014 (HealthDay News) -- Kidney donation is ... for another. And now a new study finds that former ... are benefiting from policies that give them priority on the ... 6,300 of the 16,900 kidney transplants that took place in ... by the study researchers. At the time of ...
Breaking Medicine News(10 mins):Health News:M3 Global Research Announces Leadership Team Promotions in US and EU 2Health News:Kids Born to Overweight Moms May Face Higher Heart Risks as Adults 2Health News:MRI Can Be Painful, Disruptive for People With Cochlear Implants 2Health News:U.S. Proposes Greater Public Access to Data From Clinical Trials 2Health News:Study Supports Giving Kidney Donors Priority When They Need a Kidney 2
... Implications ... Conference and Research Symposium. , ... 11, 2010 -- Stuttering may be the result of a glitch in the day-to-day process by ... study in the Feb. 10 Online First issue of the New England Journal of Medicine. , ...
... ... number of grants to parents of children with autism and other stakeholders to support attendance ... 2010. , ... 2010 -- The Autism Science Foundation , a not-for-profit organization dedicated to supporting and ...
... , More than 3 million people have texted " HAITI " ... WASHINGTON , Feb. 11 Hundreds of ... American Red Cross Haiti Relief and Development Fund by sending the word " ... giving for the ongoing relief efforts. , (Logo:   http://www.newscom.com/cgi-bin/prnh/20090108/RedCrossLOGO ) , The ...
... molecules for treating hepatitis C should enable scientists to ... difficult-to-cure disease of the liver, says Zhilei Chen, a ... helped develop the screening system., The system, Chen explains, ... obstruct all aspects of the hepatitis C virus (HCV) ...
... , ... Services Offerings Help Customers Evaluate Gains from Implementation of New Infrastructure Technologies. , ... (PRWEB) December 11, 2009 ... SurePath for EMC® Avamar®, a service offering that helps customers evaluate the benefits of ...
... , IRVINE, Calif. , ... (PPNA), the leader in Acceleration Training™, today announced the "Top Ten Power ... Power Plate North America personal trainers. The celebrity women on the list ... year they had babies, managed busy, successful careers and got back into ...
Cached Medicine News:Health News:Researchers Who Discovered First Genes for Stuttering will Present Findings to the National Stuttering Association 2Health News:Researchers Who Discovered First Genes for Stuttering will Present Findings to the National Stuttering Association 3Health News:Autism Science Foundation Offers IMFAR Grants to Autism Stakeholders 2Health News:Autism Science Foundation Offers IMFAR Grants to Autism Stakeholders 3Health News:Red Cross Raises More Than $32 Million Via Mobile Giving Program 2Health News:Red Cross Raises More Than $32 Million Via Mobile Giving Program 3Health News:Red Cross Raises More Than $32 Million Via Mobile Giving Program 4Health News:Red Cross Raises More Than $32 Million Via Mobile Giving Program 5Health News:Red Cross Raises More Than $32 Million Via Mobile Giving Program 6Health News:New screening system for hepatitis C 2Health News:New screening system for hepatitis C 3Health News:Data Strategy Announces SurePath Services Offering for EMC Avamar 2Health News:Data Strategy Announces SurePath Services Offering for EMC Avamar 3Health News:Jennifer Garner Tops Power Plate(R) 'Power Moms of 2009' List 2Health News:Jennifer Garner Tops Power Plate(R) 'Power Moms of 2009' List 3
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
Medicine Products: