Positron signs agreement with Covidien for automated compounding of radiopharmaceuticals

Positron Corporation (OTCBB:POSC), announced it has signed an agreement with Covidien (NYSE:COV), a leading global provider of healthcare products, under which Covidien will provide technical assistance to Positron in connection with Positron's development of technology to automate the compounding of radiopharmaceuticals.

“Positron continues to provide unique solutions to the molecular imaging community”

The agreement combines Covidien's expertise in radiopharmaceuticals and regulatory issues with Positron's expertise in automation and radiopharmaceuticals. Automating the distribution of radiopharmaceuticals has many benefits, ranging from worker safety to cost savings to enhanced customer service.

"Positron continues to provide unique solutions to the molecular imaging community," said John Zehner, COO of Positron. "This agreement provides Positron with various advantages and additional resources. We are very excited to collaborate with Covidien on this project."