COLUMBIA, Mo. (AP) - An Oregon company has announced plans to build a radioisotope production facility at the University of Missouri's research park in Columbia.
Nick Fowler, founder of Corvallis, Oregon-based Northwest Medical Isotopes, said Thursday the facility will make molybdenum-99, an isotope used to produce technetium-99m, which is used in nuclear imaging studies.
The facility is expected to break ground next year on the 50,000-square-foot facility at the university's Discovery Ridge Research Park. Fowler says the site should be in operation by 2016 and is expected to create 68 jobs.
If the company meets state job creation and investment criteria, it will have access to up to about $880,000 through the Missouri Works Program, which allows companies to retain their employees' state withholding taxes.