Nordion (NYSE:NDZ) is a Canadian-based health-care company with two operating units: sterilization technologies and medical isotopes. It provides products used for the prevention, diagnosis and treatment of disease. They also provide sterilization technologies and medical isotopes for patients in more than 40 countries. Their products are used by pharmaceutical and biotechnology companies, medical-device manufacturers, hospitals, clinics and research laboratories.
This unit is split into two product lines: radiation sources & production irradiators
The bulk of the revenue (~97%) is Cobalt-60 radiation sources used in gamma sterilization systems that produce gamma radiation to destroy micro-organisms. Around 40% of single use medical products go through this process. Gamma sterilization is also used for...
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