IBA Molecular North America, Inc. a manufacture and distribution of radiopharmaceuticals, has announced that as of January 1, 2016, it will do business as Zevacor Pharma, Inc. (Zevacor Pharma). The decision to rebrand the company reflects a refined vision for the future of the firm as well as its close relationship with Zevacor Molecular. Both IBAMNA and Zevacor Molecular are owned by Illinois Health and Science (IHS).
“We will continue our commitment to deliver better diagnosis and care through innovation,” noted Peter Burke, Vice President Sales and Marketing, IBAMNA. “The new name - Zevacor Pharma - reflects our goal of broadening the impact of nuclear medicine and molecular imaging through both existing and new radiopharmaceuticals.”
“The company has built a solid reputation for producing quality radiopharmaceuticals,” said Peter Webner, interim Executive Vice President and COO, IBAMNA. “Now we are leading the industry in developing the next generation of molecular imaging and therapeutic products. Zevacor Pharma and its sister company Zevacor Molecular will be providing the nuclear medicine community with innovative compounds for today and the future.”
IBAMNA was originally named for its onetime parent company Ion Beam Applications S.A. (Louvain-la-Neuve, Belgium) and operated as its North American subsidiary. IBAMNA was acquired in July 2015 by Illinois Health and Science (IHS), a non-profit healthcare system based in Decatur, Illinois. The IHS family of companies also includes Decatur Memorial Hospital and Integrated Health Network.