Market News
Recent Developments:
Acquisition, Collaboration, and Partnerships:
- In April 2023, Abdulla Fouad Group, a business group, and ORYX Isotopes, a provider of latest radiopharmaceuticals, and AlMoosa Specialized Hospital, a specialty hospital, announced a collaboration to establish a private pharmaceuticals production facility equipped with a Cyclotron, in the Eastern Province of Saudi Arabia. Cyclotrons play a crucial role in preparing a diverse range of radionuclides, which find applications in single photon emission computed tomography (SPECT) and positron emission tomography (PET). The demand for radiopharmaceutical production using cyclotron-produced radioisotopes is on the rise in Saudi Arabia.