Two Madison companies get funding for medical isotope work
Two competing local companies, both working to produce a scarce radioactive isotope used in heart stress tests and cancer scans, have each brought in money from investors. SHINE Medical Technologies, Middleton, said Tuesday it is getting $11 million from investors led by Knox, a Las Vegas venture capital fund set up by UW-Madison alumnus Frederick Mancheski. NorthStar Medical Radioisotopes, Madison, received $6 million from Hendricks Holdings, Beloit, in April (WISCONSIN STATE JOURNAL, 6/8)
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