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Last updated : 16/10/2026 - 11h27
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IBA and Framatome Create Ekalia to Produce Astatine-211, First Site in Nantes by 2028

The Belgian group and French nuclear energy specialist announced on October 16, 2026 the creation of a joint venture tasked with building a network of production sites for this radioisotope in Europe and North America. The operation targets the main obstacle identified by the two partners in the development of targeted alpha therapies: the absence of reliable production infrastructure deployed on a large scale.


IBA and Framatome Create Ekalia to Produce Astatine-211, First Site in Nantes by 2028

Ekalia, Joint Venture for Astatine-211 Production

The new company, named Ekalia, is jointly owned by IBA (Ion Beam Applications) and Framatome. Its purpose is to deploy an international network for industrial production of Astatine-211, as close as possible to the customers using this isotope.

Each partner brings distinct expertise. IBA provides its cyclotron and isotope production technologies, Framatome its industrial experience in the nuclear sector, through its Framatome Healthcare brand. Framatome is held by EDF Group (80.5%) and Mitsubishi Heavy Industries (19.5%).

Astatine-211 is an alpha-emitting isotope. According to the press release, it delivers radiation concentrated over a very short distance, which makes it possible to potentially destroy cancer cells while limiting exposure of surrounding healthy tissues.

First Site in Nantes in 2028, Then a Pilot in the United States

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Ekalia's deployment will take place in stages. The first production site is planned in France, in Nantes, with commissioning scheduled for 2028.

The joint venture's strategy then envisages a second pilot site in the United States. It would be followed by a phase of deployment of additional production sites in Europe and the United States, to support customers using Astatine-211.

Previous Experience in Medical Isotopes

The two groups rely on projects already underway in theranostics. IBA recently launched the Cyclone iKure cyclotron, dedicated to Astatine-211 production, and participates, through PanTera, in the development of Actinium-225 production, another isotope used in targeted alpha therapy.

For its part, Framatome's technology enabled, via its subsidiary Isogen in partnership with Kinetrics, the first large-scale commercial production of Lutetium-177 in a power reactor in Canada, in June 2022. This isotope is used in targeted therapy for prostate cancer.

"This joint venture illustrates our determination to actively help remove obstacles that hinder patient access to innovations in nuclear medicine," declared Catherine Vandenborre, Chief Corporate and Ventures Officer of IBA. François Gauché, Vice President of Framatome Healthcare, for his part indicated that future targeted therapies "require reliable, scalable and resilient supply chains".



Sector Dispositifs médicaux et optique › Dispositifs médicaux


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 323,7 millions d'euros
  • Quarterly revenue: 323,7 millions d'euros
  • EBITDA: 21,8 millions d'euros
  • EBITDA margin: 8,2 %
  • Net income: 9,3 millions d'euros
  • 81 millions d'euros
Guidance from the release
  • Prévisions d'EBIT ajusté pour l'exercice 2026 confirmées, reflétant la confiance du Groupe dans ses perspectives pour l'ensemble de l'année.
Risks mentioned
  • Surcapacité persistante sur le marché d'Industrial Solutions malgré un pipeline actif.
  • Retards temporaires de facturation liés à la migration ERP qui ont impacté la position financière nette.
  • Dosimetry reste sous pression malgré les mesures de réduction des coûts.
Opportunities identified
  • Forte dynamique commerciale en Proton Therapy avec cinq salles vendues et cinq prises de commandes de plus de €148 millions au S1.
  • PanTera a obtenu la qualification de fournisseur c-GMP d'actinium-225 et extension de collaboration avec TerraPower Isotopes pour tripler la capacité de production en Belgique.
  • Amélioration continue de la rentabilité : marge brute passée de 29,5% à 33,7% et EBITDA ajusté en croissance de 63%.
Outlook / guidance
  • Management commentary: Prévisions d'EBIT ajusté pour l'exercice 2026 confirmées à au moins € 32 millions

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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