Rick Byers, MPP for Bruce-Grey-Owen Sound saw a private member’s motion he introduced in support of medical isotopes passed unanimously last night.
The motion, which in part reads that “medical isotopes should be formally recognized by the Government of Ontario in its life sciences and commercialization strategy because of their crucial role in medical research, the projected expansion of the global istope market and Ontario’s potential for international recognition.”
Among its other strengths, Bruce Power is a world leader in the supply of Cobalt 60, a key medical isotope, and along with its key partner Saugeen Ojibway Nation, began commercial production in October 2022 of medical isotope Lutetium-177, a prostate cancer treatment.
The global market of medical isotopes is expected to reach up to $30 billion US by 2030, with an average growth of 16% annually.
