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Discovery Ridge Project

Will Bring 68 Jobs

Nick Fowler

Nick Fowler, founder and CEO of Northwest Medical Isotopes, announces Thursday morning his company’s intention to build a 50,000-square-foot radioisotope production facility at Discovery Ridge Research Park in southeast Columbia.

Story by Ashley Jost

An Oregon company Thursday morning announced plans to build a $50 million radioisotope production facility at the University of Missouri's Discovery Ridge Research Park in southeast Columbia.

Nick Fowler, founder and CEO of Northwest Medical Isotopes, was joined by local officials and representatives of the state and university at a morning news conference at City Hall to announce the project.

The facility will make molybdenum-99, an isotope that is used by radio pharmacies to produce technetium-99m, which is used in nuclear imaging studies, including medical diagnostic tests for heart, bone and kidney disease as well as cancer.

The company is expected to break ground next year on a 50,000-square-foot facility at Discovery Ridge, and the facility should be in operation by 2016, Fowler said. The company's expansion involves a $50 million capital investment and is expected to create 68 high-paying jobs. About 60 percent of the investment is for the building, and the rest is going toward equipment.

Read the rest at the Columbia Tribune >>

Below are photos of the announcement, courtesy of Missouri DED.