ASP Isotopes (ASPI) Tuesday morning said it has started production of commercial samples of Ytterbium-176 after recently completing construction and commissioning the laser system at its first quantum enrichment facility in Pretoria, South Africa.
Ytterbium-176 is a stable isotope of the rare earth element ytterbium, which is used in the production of Lutetium-177, a radiopharmaceutical used to treat various types of cancer, the company said.
ASP said it expects commercial sale of "highly enriched" Ytterbium-176 within this year.
Shares of the company rose 1.4% in recent trading.
Price: 4.76, Change: +0.06, Percent Change: +1.39
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