Eastern Isotopes increases U.S. presence
Eastern Isotopes' parent company, Belgium-based Ion Beam Applications (IBA), has acquired New Mexico Positron LP (Albuquerque) and Lubbock West Texas Positron LLC, two PET tracers production and distribution companies from the Isorex Group.
IBA said it now owns nine U.S.-based PET tracer production and distribution centers. In the U.S., IBA's PET tracers business operates under the name of Eastern Isotopes.
Terms of the acquisition were not disclosed. IBA did say that the transaction is not expected to have a significant impact on IBA's earnings in 2005.