March 4, 2010 / 10:07 PM / 9 years ago

Canada plans C$35 mln in medical isotope funding

OTTAWA, March 4 (Reuters) - Canada will spend C$35 million ($34 million) over two years to help develop new technology to produce medical isotopes after prolonged problems at the country’s Chalk River nuclear plant curbed supply, the federal budget said.

The budget said the money would help support research and development of new technologies for the isotopes, which are used in cancer treatments.

An additional C$13 million would be made available over two years for clinical trials and other research.

The closure of the Chalk River plant has created a global shortage of medical isotopes, cutting revenue at medical company MDS Inc MDS.TO, which distributes them. (Reporting by Janet Guttsman; editing by Peter Galloway)

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