Perspective Therapeutics Inc (CATX)

[AugustStockInformer]

New interview with the CEO posted:
https://www.twst.com/interview/interview-with-the-chairman-and-ceo-isoray-inc-nysemkt

Good intell in there:
TWST: In fiscal year 2016, you had $4.7 million in revenue, with close to 90% of that related to prostate cancer treatment. How quickly do you see some of this revenue diverting to some of these new applications?

Mr. LaVoy: The new applications have been a growing percentage of IsoRay’s business over the past five years. The prostate treatment market represented over 95% of our business five years ago, and over the last two years we have reported that other applications have grown to approximately 12% of IsoRay’s sales. One of the key factors for the surgical applications has been that there has been no reimbursement in place as of yet for these applications. In late 2016, IsoRay collaborated with GammaTile and submitted an application for reimbursement to Medicare for radiation treatment of the brain at the time of surgery. The company also filed for FDA clearance for the device in March 2017.

The GammaTile product was developed by a group of doctors at the highly respected Barrow Neurological Institute. They took a collagen matrix that was developed for brain surgery and inserted our Cesium-131 seeds. In the past radiation was always done after surgery, but with the Cesium-131 application it is performed at the time of surgery. The recurrent brain tumor market is estimated to be approximately 50,000 to 70,000 patients a year. If the reimbursement codes and 510 K clearance is obtained this summer, we will have a new product that could be introduced into the market with significant growth potential over the next one to three years.

TWST: Are you currently selling internationally?