Health-Tech Company Nusano To Open an Office in Utah
July 15, 2021
Nusano, a health-tech company aiming to revolutionize uranium-free radioisotope development and production in various diagnostic and therapeutic medical applications, is opening an office in Utah. The Governor’s Office of Economic Opportunity (Go Utah) announced the news July 8, noting that the company will add up to 92 new high-paying Utah jobs in the next 15 years.
“Nusano will be an awesome addition to Utah’s growing life science industry,” said Dan Hemmert, Go Utah’s executive director. “This growth will support almost 100 high-paying jobs, and we look forward to all that Nusano will bring to the state.”
Commenting on the announcement, Kelvyn Cullimore, president and CEO of BioUtah said, “We welcome Nusano to the BioHive. The company’s presence in Utah is part of the larger story about how our industry’s innovation engine is attracting trailblazers in healthcare.”
Nusano’s technology has been developed by the world’s leading experts in nuclear medicine, physics, radioisotope production, and radiation management. It represents a disruptive, patented technology that solves significant industry supply issues.
“Nusano has developed a patented technology to manufacture radioisotopes for diagnostic and therapeutic medical and industrial applications,” said Howard Lewin, MD, co-founder and chief operating officer of Nusano. “The company’s technology, which reinvents the way radioisotopes are produced, will yield a dramatic increase in production efficiency, thus solving the industry’s current supply constraints and enabling innovation by therapeutic and diagnostic developers. We’re grateful for the support Utah has provided, and we are excited to embark on our project in the state.”
Nusano may earn up to 20% of the new state taxes it will pay over the 15-year life of the agreement in the form of a Utah Legislature-authorized Economic Development Tax Increment Finance (EDTIF) tax credit.
“Nusano will find a good fit in Utah, given our universities’ research capabilities, support for entrepreneurial companies by our state and local governments, and our life science industry talent base,” said Theresa A. Foxley, president and CEO of the Economic Development Corporation of Utah.