Nuclearelectrica and Framatome partner for medical isotope production

Business Forum
Nuclear power producer Nuclearelectrica (SNN) and Framatome have signed an Isotope Irradiation Service Agreement to advance the Innovative Romanian Isotope System (IRIS) Project.

This partnership aims to produce the medical radioisotope Lutetium-177 (Lu-177), which is vital for advanced cancer treatments. 

The agreement formalises the terms of cooperation for developing the Lu-177 production project at the Cernavodă nuclear power plant, including the installation of Framatome patented technology at Unit 2. 

The project is in Phase 1, with equipment installation scheduled to take place during a planned shutdown in May 2027.

Framatome will bear the direct costs of the investment and operation of the system, recovering these from the total value of future sales. 

In return, Framatome will pay SNN an irradiation fee, calculated as a percentage of total sales. Nuclearelectrica will cover the indirect operational costs. 

As part of the agreement, SNN is guaranteed priority access to 4,000 Lu-177 treatment doses per year for domestic drug manufacturers, starting in the second year of commercial operation. 

Framatome will also donate doses equivalent to at least 20 treatments annually for non-profit purposes.

RECOMMENDED
Nuclearelectrica subsidiary explores rare metals venture
Industry

Nuclearelectrica subsidiary explores rare metals venture

Romania nuclear power producer Nuclearelectrica has announced that its subsidiary FPCU Feldioara signed a non-binding term sheet with Critical Metals Corp to explore establishing a joint venture for rare metals processing in Romania.

RECOMMENDED FROM THE HOME PAGE
Hidroelectrica posts 122% profit surge in Q1 2026
Energy

Hidroelectrica posts 122% profit surge in Q1 2026

Romanian energy giant Hidroelectrica recorded a net profit of €263 million in the first quarter of 2026, marking a 122% increase compared to same period last year, according to a report submitted to the BVB.

Industry

Digi Communications reports 10% revenue growth in Q1 2026

Digi Communications reported consolidated revenues of €583 million in Q1 2026, a 10% year-on-year increase. At the same time, adjusted EBITDA (excluding IFRS 16 impact) reached €161.2 million, up 15% compared to Q1 2025.

Industry

Uber launches hotel bookings and AI voice features

Uber Technologies announced new products and features at its annual Go-Get product event, including hotel bookings and travel tools that are planned to roll out globally in the coming months.

Finance

CEC Bank gets rating upgrade from Fitch

Fitch Ratings has upgraded CEC Bank's Long-Term Issuer Default Rating from BB to BB+ with a Stable Outlook, following the publication of Fitch's updated Bank Rating Criteria on 8 May 2026.

READ MORE
Business Forum  |  15 May, 2026 at 11:00 AM
Business Forum  |  15 May, 2026 at 7:26 AM