NorthStar secures up to $185 million to scale Actinium-225 production
NorthStar Medical Technologies, the US radiopharma company, has secured a multi-year growth capital facility of up to $185 million from Hercules Capital (NYSE: HTGC), the specialty finance company, to expand its isotope production and radiopharmaceutical manufacturing capacity.
The financing, which includes $100 million upfront, will accelerate investment in NorthStar's vertically integrated campus in Bseloit, Wisconsin, which combines co-located isotope production with a contract development and manufacturing organization (CDMO).
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