ITM and CNL announce launch of joint venture in global production of rare medical isotope

Company

Canadian Nuclear Laboratories

Law Firm / Organization
Torys LLP

On October 18, 2023, ITM Isotope Technologies Munich SE ("ITM"), a leading radiopharmaceutical biotech company, and Canadian Nuclear Laboratories ("CNL"), which manages and operates the national laboratory at Chalk River, Ontario on behalf of Atomic Energy of Canada Limited ("AECL"), announced the launch of Actineer Inc., a new joint venture company between CNL and ITM for the industrial scale production of Actinium-225 (225Ac).

Gowling WLG advised ITM with respect to this joint venture with a team led by Marcus Hinkley, and that included Ahab Abdel-Aziz and Magda Hanebach (nuclear), Anita Nador (IP/life sciences), Joseph McDonald and Ovo Efemini (corporate), Ian Macdonald and Elad Gafni (competition), Michael Bussmann and Mariam Al-Shikarchy (tax) and Matthijs van Gaalen (lending), assisted by law clerks Charmaine Craig and Rhena Verayo and legal assistant Karen Gorman.

Torys and Mintz acted for CNL.

Reed Smith and JFB law also acted for ITM.

 

Joint Venture
Healthcare
Undisclosed/Confidential
Closed
18 October 2023