logo
Orano Med Inaugurates Expansion of its U.S. Research and Development Center in Texas

Orano Med Inaugurates Expansion of its U.S. Research and Development Center in Texas

Yahoo26-06-2025
PARIS, June 26, 2025--(BUSINESS WIRE)--Orano Med, a subsidiary of the Orano Group and a pioneer in radioligand therapies in oncology, today inaugurated the expansion of its main Research and Development Center located in Plano, Texas (USA). This strategic facility is dedicated to developing novel radiopharmaceuticals and conducting preclinical research focused on targeted alpha therapies using lead-212 (212Pb), an innovative and promising approach against various types of cancer. The site hosts the R&D teams of Orano Med as well as those of its subsidiary Macrocyclics, a manufacturer of customized chelating agents.
With an investment of over $5 million, Orano Med has expanded its R&D Center by approximately 11,000 ft². The expansion includes around 5,000 ft² of new laboratory space, enabling the advancement of a growing pipeline and doubling the Good Manufacturing Practice (GMP) production capacity for early clinical trial supply. In addition, about 5,500 ft² of new office space has been added to accommodate the site's growing team, whose headcount has doubled over the past four years. Overall, this represents about a 50% increase in space compared to the pre-existing facility.
Julien Torgue, Chief Scientific Officer of Orano Med, stated:
"The expansion of our R&D center enhances our ability to develop lead-212-based radioligand therapies by giving our teams the resources they need to advance a growing pipeline of drug candidates through to the clinic. With an integrated platform, cutting-edge equipment and a focused scientific strategy, we are well positioned to support both our internal developments and collaborations with partners."
Orano Med's R&D platform is fully integrated, combining cutting-edge equipment and a highly experienced team to advance the development of next-generation cancer therapies. The company can carry out the full range of preclinical development studies, including in vivo and Chemistry, Manufacturing and Controls (CMC) studies, onsite. Orano Med conducts both in-house research programs and collaborative developments with biotech and pharmaceutical partners. This integrated approach ensures a rapid and reliable transition from research to clinical phases. While the primary mission of the research and development center is therapeutic development, the facility also serves as production hub for lead-212 based drug candidates for early-stage clinical trials in the U.S.
This expansion demonstrates Orano Med's strong commitment to innovation and leadership in the field of radioligand therapies, accelerating the development of new treatment options for patients worldwide.
A celebration was held on-site with local teams and Orano Med's Executive Committee to mark this important milestone. During the event, Orano Med also unveiled the new name of the facility: Drug Development and Preclinical Unit (DDPU) – George de Hevesy Center
Arnaud Lesegretain, President and Chief Executive Officer of Orano Med, added:
"This expansion marks an important step in Orano Med's growth at our Plano site, which has played a key role since the inception of the company 15 years ago. It reinforces our world-class R&D capabilities in the U.S. and strengthens our ability to deliver innovative targeted alpha therapies by supporting early-stage development in a fully integrated environment."
About Orano Med
Orano Med, a subsidiary of the Orano Group, is a clinical-stage biotechnology company which develops a new generation of targeted therapies against cancer using the unique properties of lead-212 (212Pb), an alpha-emitting radioisotope and one of the more potent therapeutic payloads against cancer cells known as Targeted Alpha-Emitter Therapy (TAT). AlphaMedix, its most advanced asset in clinical development for GEP-NETs tumors, received Breakthrough Designation from the FDA in 2024. The company is advancing several potential treatments using 212Pb combined with various targeting agents through clinical and preclinical studies. Orano Med has 212Pb manufacturing facilities, laboratories, and R&D centers in France and in the US. It is expanding its GMP-manufacturing capacities for 212Pb radiolabeled pharmaceuticals in North America and Europe and building a unique, independent, and fully integrated industrial platform to serve the needs of patients globally. For more information, please visit: http://www.oranomed.com
About Orano
As a recognized international leading operator in the field of nuclear materials, Orano delivers solutions to address present and future global energy and health challenges. Its expertise and mastery of cutting-edge technologies enable Orano to offer its customers high value-added products and services throughout the entire fuel cycle. Every day, the Orano group's 17,500 employees draw on their skills, unwavering dedication to safety and constant quest for innovation, with the commitment to develop know-how in the transformation and control of nuclear materials, for the climate and for a healthy and resource-efficient world, now and tomorrow.
Orano, giving nuclear energy its full value.
About Targeted Alpha Therapy
Targeted alpha therapy (TAT) relies on a simple concept: combining the ability of biological molecules to target cancer cells with the short-range cell-killing capabilities of alpha-emitting radioisotopes. Alpha decay consists of the emission of a helium nucleus (alpha particle) together with very high linear energy transfer and a range emission of only few cell layers, resulting in irreparable double strand DNA breaks in cells adjacent only to area of alpha emission. This approach results in an increased cytotoxic potential toward cancer cells while limiting toxicity to nearby healthy cells. As a result, alpha emitters are considered as the most powerful payloads to be found for targeted therapies.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250626176840/en/
Contacts
Mike SinclairHalsin Partnersmsinclair@halsin.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Smartest High-Yield Midstream Stocks to Buy With $2,000 Right Now
The Smartest High-Yield Midstream Stocks to Buy With $2,000 Right Now

Yahoo

time28 minutes ago

  • Yahoo

The Smartest High-Yield Midstream Stocks to Buy With $2,000 Right Now

Key Points Energy Transfer offers a strong combination of a high yield and solid potential growth. Enterprise Products Partners is a solid "sleep-well-at-night" stock. Genesis Energy has the potential to be a strong turnaround story. 10 stocks we like better than Energy Transfer › If you're looking to put $2,000 to work in this market, midstream energy stocks are a smart place to look. They tend to offer stable, fee-based cash flows, have high yields, and are seeing good growth opportunities. The sector is also trading well below historical valuations compared to a decade ago, despite the companies being in better financial shape. Let's look at three smart midstream investment options to buy right now. Energy Transfer In my view, Energy Transfer (NYSE: ET) is one of the most compelling risk/reward stocks in the market today, which is why it's one of my largest personal holdings. It combines a high yield, improving financial profile, and solid growth opportunities. Despite this, it also trades at one of the lowest valuations in the space. The company has spent the past few years improving its balance sheet and getting in better financial shape, and now it's set to reenter growth mode. It cut its distribution back in 2020 to get its debt under control, and since then, it's used free cash flow to help fund growth and lower its leverage. Its leverage is now at the low end of its targeted range, and management recently called its balance sheet the strongest it's ever been. That gives it flexibility as it enters growth mode, something it didn't have during its last big investment cycle. At the same time, 90% of its EBITDA (earnings before interest, taxes, depreciation, and amortization) is fee-based, with many contracts structured as take-or-pay. That gives it a recurring revenue stream that is largely insulated from commodity prices. Last quarter, its distributable cash flow (operating cash flow minus maintenance capital expenditures) covered its distribution by more than 2x, which leaves plenty of room for continued hikes. Management has already raised the distribution for 14 straight quarters, taking it back above pre-cut levels, and is targeting 3% to 5% annual growth going forward. Energy Transfer is also back in growth mode, with $5 billion in growth project spending planned this year compared to $3 billion last year. This includes projects aimed at supplying natural gas to artificial intelligence (AI) data centers and liquified natural gas (LNG) exports, which are two secular trends just getting started. Despite all of this, the stock trades at a forward enterprise value-to-EBITDA multiple of just 8, which is the most common method for valuing midstream stocks. That's too cheap for a stock with this kind of financial strength, a 7.5% yield, and strong upside potential. As such, this is a stock that belongs in long-term portfolios. Enterprise Products Partners Enterprise Products Partners (NYSE: EPD) is the type of company you can build a portfolio around. In fact, it's one of the stocks that I've held the longest. It has a long track record of distribution growth, operates in attractive markets, and runs a conservative balance sheet. It's not a stock that is going to double in a year, but it can provide you with a steady, rising income stream over a long period of time. Enterprise has increased its distribution for 26 straight years, and it has a current yield of around 6.9%. It raised its payout nearly 4% last quarter, and I would expect it to increase it by a similar percentage moving forward. That's the kind of compounding that adds up in a big way over time. Enterprise's business is also built for consistency. Historically, around 85% of cash flow comes from fee-based contracts, with many of them structured with take-or-pay terms and annual inflation escalators. This helps provide steady cash flows even in volatile energy markets. One of Enterprise's strongest areas is natural gas liquids (NGLs), where it's one of the biggest integrated players in the country. It operates across the entire value chain -- from gathering to processing to exports -- and demand for NGLs continues to grow globally. The company has always run a conservative balance sheet. Leverage sits at just over 3x, and the distribution is well covered with a 1.7x coverage ratio. It largely self-funds growth, so there's no need to tap the capital markets for every project. For long-term investors, Enterprise is a "sleep-well-at-night" stock. Genesis Energy Genesis Energy (NYSE: GEL) doesn't have the massive integrated midstream systems that Energy Transfer and Enterprise have, nor their track records. However, it's in the midst of a strategic shift that could unlock a lot of value. For investors willing to stomach a bit more risk, it has strong potential upside. One of my best midstream investments of all time was Crestwood (since bought by Energy Transfer), and Genesis has similar vibes. The company's big move came when it sold its soda ash business, bringing in $1.4 billion in proceeds. Genesis immediately used that to clean up its balance sheet, retiring high-cost debt and preferred units. UBS estimates that this move will save the company $84 million a year in interest expense and preferred dividends, helping lead to a meaningful boost to cash flow. The company's focus will now shift to its offshore pipeline assets. Two large deepwater projects in the Gulf of Mexico with connections to its offshore pipeline system are set to come online soon. Together, they could add up to $150 million in annual operating profit. At the same time, its marine transportation business is on track for record earnings this year, while offshore volumes are recovering from prior mechanical issues. All of this positions Genesis for much stronger cash flow going forward. Right now, the stock's yield sits at around 3.9%, but as these new projects ramp up, Genesis should have room to raise the distribution materially over time. This isn't the safest midstream stock you can buy, but it may have some of the biggest upside, even after its strong run this year. Do the experts think Energy Transfer is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Energy Transfer make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,048% vs. just 180% for the S&P — that is beating the market by 867.59%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Geoffrey Seiler has positions in Energy Transfer, Enterprise Products Partners, and Genesis Energy. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy. The Smartest High-Yield Midstream Stocks to Buy With $2,000 Right Now was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

AngelAi Goes All-in With Poker Legend Michael "The Grinder" Mizrachi to Champion Housing Equality
AngelAi Goes All-in With Poker Legend Michael "The Grinder" Mizrachi to Champion Housing Equality

Associated Press

time36 minutes ago

  • Associated Press

AngelAi Goes All-in With Poker Legend Michael "The Grinder" Mizrachi to Champion Housing Equality

In a bold move that bridges the worlds of high-stakes poker and high-impact social innovation, AngelAi partnered with Michael 'The Grinder' Mizrachi, who had a historic victory at the 2025 World Series of Poker (WSOP) Main Event on Wednesday, where he claimed the coveted World title, a $10 million prize and entry into the hall of fame. LAS VEGAS, NV / ACCESS Newswire / July 19, 2025 / Mizrachi, known for his relentless precision, discipline, and strategic brilliance, has a winning mindset that mirrors AngelAi's mission: breaking barriers to fair and low-cost housing. With AngelAi on his shoulder, The Grinder is proving that at the poker table and in our mission to provide equal access to housing finance, Nothing is Beyond 'The Grinder' Mizrachi WSOP Champion 'We're inspired by Michael's tenacity and his commitment to excellence,' said Pavan Agarwal, CEO and creator of AngelAi. 'Just as he dominated the WSOP with focus and finesse, we're leveraging AI to help everyday people win in the housing market-by making affordability and fairness the new standard.' AngelAi uses cutting-edge artificial intelligence to empower communities, streamline housing access, and advocate for transparency in real estate. The partnership with Mizrachi amplifies this mission, aligning his championship mindset with AngelAi's drive to champion customer success. About AngelAi and Celligence: AngelAi has been developed by Celligence International, LLC, one of the fastest-growing fin-tech and Ai companies. Celligence has engineered a novel Ai that is evolving and self-generating neural cells which come together to solve complex problems. The Celligence Ai is deterministic, not merely generative, and it delivers 100% accurate and trustworthy responses, as is required for financial transactions. At Celligence, a team of brilliant engineers ('Brillianeers') is expanding the boundaries of the financial services industry through innovations in mobile applications, customer acquisition, retention algorithms, and Ai-based process automation, and is continuously filing new patents supporting our technology. Visit for terms and limitations of the Trusted Warranty. WSOP is a registered trademark of Caesars Interactive Entertainment, LLC. Contact InformationSophie MIchaels PR Manager 914 309 8221 SOURCE: Celligence / Angel Ai press release

EWTX Investors Have Opportunity to Join Edgewise Therapeutics, Inc. Fraud Investigation with the Schall Law Firm
EWTX Investors Have Opportunity to Join Edgewise Therapeutics, Inc. Fraud Investigation with the Schall Law Firm

Associated Press

time36 minutes ago

  • Associated Press

EWTX Investors Have Opportunity to Join Edgewise Therapeutics, Inc. Fraud Investigation with the Schall Law Firm

LOS ANGELES--(BUSINESS WIRE)--Jul 19, 2025-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Edgewise Therapeutics, Inc. ('Edgewise' or 'the Company') (NASDAQ: EWTX ) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Edgewise reported data from the clinical trials on its drug candidate sevasemten on June 26, 2025. The Company claimed the results were positive but also disclosed that the FDA had 'deemed the CANYON data alone insufficient for an accelerated approval.' Based on this news, shared of Edgewise fell by 8.86% on the same day. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at [email protected]. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. View source version on CONTACT: The Schall Law Firm Brian Schall, Esq. 310-301-3335 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL SOURCE: The Schall Law Firm Copyright Business Wire 2025. PUB: 07/19/2025 06:58 PM/DISC: 07/19/2025 06:57 PM

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store