— NorthStar Medical Radioisotopes has broken ground on a new facility in Beloit that will house a planned contract development and manufacturing business unit.
The company yesterday announced the formation of the new “Radiopharmaceutical Contract Development and Manufacturing Organization,” or CDMO.
NorthStar develops and produces radiopharmaceutical products for therapeutic and medical imaging uses. According to a release, the new CDMO services unit will provide development and commercialization services for other collaborating businesses. It will also support the company’s own pharmaceutical production for treatment of cancer and other diseases.
CEO Steven Merrick says establishing this new unit “marks an important inflection point” in the company’s growth plan.
“With our depth and breadth of technical knowledge in the development and production of medical radioisotopes, we are now expanding to help companies progress their own radiopharmaceutical development programs,” he said in the release.
That includes manufacturing treatment doses for those other businesses as well as its own radioisotopes, product research and development, quality control and more.
In an emailed statement, a company spokesperson said the new facility will be able to help companies “that may require additional infrastructure, resources or the specialized knowledge required for complex radiopharmaceutical development, to help them develop and deliver products with the potential to improve care for even more patients with serious disease.”
The design and construction phase has begun for the 36,000-square-foot facility, which is expected to come online in late 2024. The company declined to provide figures on the cost of the new development.
See more details in the release: https://www.businesswire.com/news/home/20221115005208/en/
See an earlier story on the company: https://www.wisbusiness.com/2021/northstar-issued-37-million-in-cooperative-funding-agreements-2/
<br><b><i>Top headlines from the Health Care Report … </b></i>
— In its fifth annual lung cancer report, the American Lung Association ranks Wisconsin 10th in the country for screening and diagnosis rates.
And Eau Claire dentist Dr. Christopher Johnson has been appointed president of the Wisconsin Dental Association.
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— The Legislature’s Joint Finance Committee has unanimously approved $2.1 million in settlements with five companies for violating various environmental and consumer laws.
The co-chairs added a provision to the approval that would require Attorney General Josh Kaul to deposit all attorneys’ fees from the settlements into the general fund if Republicans are successful in a lawsuit seeking to compel the Dem AG to do so. Kaul and GOP lawmakers have been at odds over laws Republicans approved in a 2018 lame-duck session giving the Legislature oversight of settlements the Department of Justice reaches.
The settlements include:
*Container Life Cycle Management LLC paying $1.65 million as part of a pre-suit settlement for violations of clean air and hazardous materials laws at its three facilities in the Milwaukee area. That includes the company exceeding its air permit limits over a more than four-month period in 2017 for emitted particulate matter at its interior and exterior spray booths. They’re part of the company’s operation refurbishing 55-gallon steel drums and large plastic chemical containers. The company also failed to maintain complete logs for inspections of the spray booths as required by the air permit. The consent decree includes a management plan going forward and stipulates additional penalties if the company fails to comply with the requirements in a timely manner.
*American Tax Solutions paying $328,950 in penalties as part of a pre-suit settlement for illegal mailers to consumers asking them to sign up for services on outstanding tax judgments. Among other things, the mailers used fictitious names and failed to disclose that the seller was offering or promoting the sale of consumer services. The penalty includes $119,077 to provide complete refunds to all the company’s Wisconsin consumers.
*N.C.W.C. Inc. paying $200,000 in penalties for violating telemarketing laws, including making calls to residents without being registered as a solicitor and numbers that are on the state’s Do-Not-Call List. The company has agreed to cease unregistered telemarketing activities in Wisconsin, and there is a three-year monitoring period with additional reporting requirements. If the company violates any of the conditions within that window, it would have to pay an additional $150,000.
*US Automotive Protection Services LLC paying $75,000 as part of a pre-suit settlement for violating state laws on direct-mail marketing extended auto warranties. That includes that US Automotive Protection Services designed the mailers to mislead consumers to believe it was the provider of their existing vehicle warranty. If US Auto violates any conditions of the settlement in the three-year period, the company will be required to pay an additional $125,000.
*$25,000 penalty for Ahlstrom-Munksjo NA Specialty Solutions LLC as part of a pre-suit settlement for violation of an air pollution control permit after the company exceeded its particulate matter emissions limits. That includes a $16,920 forfeiture.
See the motion the committee approved:
See background on the settlements from the Legislative Fiscal Bureau:
— The Wisconsin Sustainable Business Council’s most sustainable product of the year is Green Bay Paper’s ContainerBoard Packaging.
The organization yesterday announced the 2022 Sustainable Business Award winners, recognizing companies, products, services and people that “demonstrate cutting-edge environmental, social, and governance leadership” in the state.
Empire Screen Printing of Onalaska received the “Sustainable Service of the Year” award for a printing process that uses ultraviolet LED curing technology, according to a release.
And two executives from Mercury Marine in Fond du Lac also received awards this year: company President Chris Drees, for executive sustainable leadership; and Sustainability Manager Scott Louks, named this year’s “Sustainable Champion.”
See the release: https://www.wisbusiness.com/2022/wisconsin-sustainable-business-council-celebrated-2022-sustainable-business-award-winners-in-green-bay/
— Lawrence University has announced a new business and entrepreneurship major for the 2023-2024 school year.
Adam Galambos, an associate professor of economics with the Appleton-based institution, says Lawrence University has “taken a liberal arts mindset” to developing this new major.
“Students will have an opportunity to learn the foundational skills in accounting, marketing, financial management, and entrepreneurship, and connect these to the broader roles of business in society,” Galambos said in the release.
Students in the new major will select one of four main focus areas: entrepreneurship, arts entrepreneurship, business analytics, and natural resources and energy management.
See the release: https://www.wisbusiness.com/2022/lawrence-university-unveils-new-business-major-built-with-a-liberal-arts-approach-2/
#TOP STORIES#
# Eau Claire startup sells to fast-growing HR tech firm
# Students push MMSD to stick to 2040 timeline for 100% renewable energy
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#TOPICS#
# AGRIBUSINESS
– Wisconsin farmers making final harvest rounds
– Members appointed to WFBF’s Young Farmer Committee
# CONSTRUCTION
– Construction costs up by 0.8 percent nationwide in 3rd quarter: Mortenson index
– Top bidders: The biggest recent winning bids around the state
# EDUCATION
– Student homelessness grows in Madison
– UW-RF selects new dean of College of Agriculture
# FOOD AND BEVERAGE
– The Pancake Place signature dish isn’t what you may think it is
– This new restaurant serves up Venezuelan eats on Appleton’s south side: The Buzz
# HEALTH CARE
– Illinois regulators OK Advocate Aurora-Atrium Health deal; hurdles remain
– Bellin, Concentra partner on Green Bay area occupational health services
# INSURANCE
– American Family Insurance Group names new president, Telisa Yancy
# MANAGEMENT
– Johnson Controls names Global Products business president
# MANUFACTURING
– Generac re-issues voluntary recall for generators that pose finger-injury hazard
# REAL ESTATE
– Building blocks: Former Milwaukee Journal Sentinel home converted to apartments
– 587 housing units proposed for South Milwaukee’s former Everbrite site
– First look at new apartments in restored former Journal Sentinel offices in downtown Milwaukee: Slideshow
– Jeffers celebrates opening of Journal Commons apartment building
# SMALL BUSINESS
– Local companies lean on different workplace strategies to support their veterans
# TECHNOLOGY
– Tech startup CodeBaby makes a comeback after shuttering operations four years ago
# TRANSPORTATION
– Milwaukee’s I-94 would be expanded 8 lanes under state recommendation
– Milwaukee Mayor Johnson signals openness to I-794 deconstruction
# COLUMNS
– John Imes: A defining moment in the fight against climate change
# PRESS RELEASES
<i>See these and other press releases:
https://www.wisbusiness.com/press-releases/ </i>
Lawrence University: Unveils new business major, built with a liberal arts approach
