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Updated the company President to reflect 2024 reality
 
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{{Self-published|date=March 2021}}
{{Infobox company
{{Infobox company
|name = Nordion Inc.
|name = Nordion Inc.
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|type = [[Subsidiary]]
|type = [[Subsidiary]]
|traded_as =
|traded_as =
|foundation = 1946
|foundation = {{start date and age|1946|p=y|df=y|br=y}}
|location_city = [[Ottawa]], [[Ontario]]
|location_city = [[Ottawa]], [[Ontario]]
|location_country = [[Canada]]
|location_country = [[Canada]]
|location = <!--modifies "Headquarters" entry-->
|location = <!--modifies "Headquarters" entry-->
|locations = <!--# of locations-->
|locations = <!--# of locations-->
|key_people = Kevin Brooks<ref>*[http://www.nordion.com/about/leadership/ Nordion.com - Leadership Team]</ref>
|key_people = Kevin Brooks<ref>{{cite web | url = http://www.nordion.com/about/leadership/ | title = Leadership Team | website = Nordion | df = dmy-all | date = n.d. | archive-url = https://web.archive.org/web/20210906205040/https://www.nordion.com/about/leadership/ | archive-date = 2021-09-06 | access-date = 2021-12-28 }}</ref>
|area_served = Global
|area_served = Global
|industry = Health Science
|industry = Health Science
|products = Gamma Technologies
|products = {{ubl|Gamma Technologies|Medical Isotopes}}
|services =
|services =
|revenue = {{ubl|{{US$|244.8}}{{nbsp}}million (2012)<ref name="nordion">{{cite web | url = http://www.nordion.com/reports/2012_engannual.pdf
|revenue = Private company
| title = 2012 Annual Report | format = PDF | archive-url = https://web.archive.org/web/20130528050841/http://www.nordion.com/reports/2012_engannual.pdf | page = 42 | archive-date = 2013-05-28 | url-status = dead | access-date = 2021-12-27 | df = dmy-all}}</ref> | (equivalent to ${{Inflation|US|244.8|2012|r=2}}{{nbsp}}million in {{Inflation/year|US}})}}
|operating_income =
|operating_income =
|net_income =
|net_income =
|num_employees = ~350 (2015)<ref name="Nordion Corporate Presentation">*[http://www.slideshare.net/nordion_communications/nordion-corporate-presentation-13754864 Nordion Corporate Presentation]</ref>
|num_employees = ~350 (2015)<ref name="Nordion Corporate Presentation">{{cite web | url = http://www.slideshare.net/nordion_communications/nordion-corporate-presentation-13754864 | title = Nordion Corporate Presentation}}</ref>
|parent = Sotera Health LLC
|parent = Sotera Health LLC
|divisions =
|divisions =
|subsid =
|subsid =
|homepage = {{url|nordion.com}}
|homepage = {{url|https://www.nordion.com/}}
|dissolved =
|dissolved =
|footnotes =
|footnotes =
|intl = <!--Enter ''yes'' to change labels to international instead of US terminology-->
|intl = <!--Enter ''yes'' to change labels to international instead of US terminology-->
}}
}}
'''Nordion Inc., a Sotera Health company,''' is a [[health science]] company that provides products used for the prevention and treatment of disease. The company supplies gamma technologies
'''Nordion Inc., a Sotera Health company,''' is a [[health science]] company that provides Cobalt-60 used for sterilization and treatment of disease (radiotherapy).

Nordion is headquartered in [[Ottawa]], [[Ontario]], Canada, with facilities in [Laval, Quebec|Laval]], [[Quebec]]. Kevin Brooks is the company's [[CEO]]. It was acquired by [[Sotera Health]] in 2014 for 805 million USD.<ref name="Wall Street Journal">{{cite web
Nordion is headquartered in [[Ottawa]], [[Ontario]], Canada, with facilities in [[Vancouver]], [[British Columbia]] and [[Laval, Quebec|Laval]], [[Quebec]]. Riaz Bandali is the company's President. The company was acquired by [[Sotera Health]] in 2014 for {{US$|805}}{{nbsp}}million (equivalent to ${{Inflation|US-GDP|805|2014|r=2}}{{nbsp}}million in {{Inflation/year|US}}).<ref name="Wall Street Journal">{{cite news | url = https://www.wsj.com/articles/nordion-agrees-to-sweetened-offer-from-sterigenics-1401720713 | title =Nordion Agrees to Sweetened Offer from Sterigenics | last1 = Stynes | first1 = Tess | date = 2014-06-02 | work = [[The Wall Street Journal]] | access-date = 2021-12-28 | archive-url = https://web.archive.org/web/20160611121915/https://www.wsj.com/articles/nordion-agrees-to-sweetened-offer-from-sterigenics-1401720713 | archive-date= 2016-06-11 | url-status = live | url-access = subscription | issn = 0099-9660 | oclc = 781541372 | quote = | df = dmy-all }}</ref>
| url =https://www.wsj.com/articles/nordion-agrees-to-sweetened-offer-from-sterigenics-1401720713
| title =Nordion Agrees to Sweetened Offer from Sterigenics
| last =
| first =
| date = June 2, 2014
| website = wsj.com
| publisher = Wall Street Journal
| access-date = May 20, 2016
| quote = }}</ref>


==History==
==History==
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| publisher = Nordion
| publisher = Nordion
| access-date =May 20, 2016
| access-date =May 20, 2016
| quote = }}</ref> originally the radium sales department of [[Eldorado Mining and Refining]] Ltd., the division developed one of the first teletherapy units that used the radioisotope cobalt-60 to destroy cancerous tumours.
| quote = }}</ref> originally the radium sales department of [[Eldorado Mining and Refining]] Ltd., the division developed one of the first radiotherapy units that used the radioisotope cobalt-60 to destroy cancerous tumours.


Soon after, the division was given responsibility for selling radioisotopes produced by the newly established nuclear research facility at Chalk River, Ontario. As a result, in 1951, Eldorado established a commercial products division (CPD) to manage the isotope business, especially cobalt-60 used in cancer treatment.
Soon after, the division was given responsibility for selling radioisotopes produced by the newly established [[Chalk River Nuclear Laboratories]], a nuclear research facility at Chalk River, Ontario. As a result, in 1951, Eldorado established a commercial products division (CPD) to manage the isotope business, especially cobalt-60 used in cancer treatment.


In 1952, the federal government created [[Atomic Energy of Canada Limited]] (AECL), a Crown corporation. Shortly thereafter, CPD was transferred to AECL, where it remained for the next 40 years and was renamed the radio-chemical division.
In 1952, the federal government created [[Atomic Energy of Canada Limited]] (AECL), a Crown corporation. Shortly thereafter, CPD was transferred to AECL, where it remained for the next 40 years and was renamed the radio-chemical division.
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In July 2013, Nordion completed the divestiture of its Targeted Therapies business to BTG plc.<ref>*[http://news.nordion.com/phoenix.zhtml?c=68761&p=irol-newsarticle&ID=1837534 Nordion.com - News Release: Nordion Completes Divestiture of Targeted Therapies Business to BTG plc]</ref> The company is now focused on Nordion and its sterilization technologies and medical isotopes businesses.
In July 2013, Nordion completed the divestiture of its Targeted Therapies business to BTG plc.<ref>*[http://news.nordion.com/phoenix.zhtml?c=68761&p=irol-newsarticle&ID=1837534 Nordion.com - News Release: Nordion Completes Divestiture of Targeted Therapies Business to BTG plc]</ref> The company is now focused on Nordion and its sterilization technologies and medical isotopes businesses.


The company generated $244.8 million USD in revenues in the 2012 fiscal year, with over 70% of its revenue coming from within North America.<ref name="Nordion Corporate Presentation"/>
The company generated {{US$|244.8}}{{nbsp}}million USD (equivalent to ${{Inflation|US-GDP|244.8|2014|r=2}}{{nbsp}}million in {{Inflation/year|US}}) in revenues in the 2012 fiscal year, with over 70% of its revenue coming from within North America.<ref name="Nordion Corporate Presentation"/>


It was acquired by Sotera Health in 2014 for 805 million USD.<ref name="Wall Street Journal"/> The company's press release stated that the acquisition created "the only vertically integrated sterilization company in the world."<ref>{{cite web
It was acquired by Sotera Health in 2014 for {{US$|805}}{{nbsp}}million (equivalent to ${{Inflation|US-GDP|805|2014|r=2}}{{nbsp}}million in {{Inflation/year|US}}).<ref name="Wall Street Journal"/> The company's press release stated that the acquisition created "the only vertically integrated sterilization company in the world."<ref>{{cite press release | url =http://www.businesswire.com/news/home/20140806006205/en/Sterigenics-International-Completes-826-Million-Acquisition-Nordion | title = Sterigenics International Completes $826 Million Acquisition of Nordion Inc. | last1 = John | first1 = Vita | date = 2014-08-06 | type = Press release | work = Sterigenics International LLC | via = [[Business Wire]] | archive-url = https://web.archive.org/web/20140810011553/https://www.businesswire.com/news/home/20140806006205/en/Sterigenics-International-Completes-826-Million-Acquisition-Nordion#.U-bH0R7LdgY | archive-date = 2014-08-10 | access-date = 2021-12-28 | quote = | df = dmy-all}}</ref>

| url =http://www.businesswire.com/news/home/20140806006205/en/Sterigenics-International-Completes-826-Million-Acquisition-Nordion
Nordion sold its Medical Isotopes business in 2018.
| title =Sterigenics International Completes $826 Million Acquisition of Nordion Inc.
| last =
| first =
| date = August 6, 2014
| website = businesswire.com
| publisher =Business Wire
| access-date = May 20, 2016
| quote = }}</ref>


==Products==
==Products==

The company's products and services include:


===Gamma technologies===
===Gamma technologies===
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Customers use Nordion's gamma-sterilization technologies to sterilize medical surgical supplies and devices, as well as certain consumer products, such as food and cosmetics.
Customers use Nordion's gamma-sterilization technologies to sterilize medical surgical supplies and devices, as well as certain consumer products, such as food and cosmetics.


Nordion supplies [[cobalt-60]],<ref name="nordion" /> the isotope that produces the gamma radiation required to destroy harmful micro-organisms. The company also markets a family of production irradiators.
Nordion supplies [[cobalt-60]],<ref name="nordion" /> the isotope that produces the gamma radiation required to destroy harmful micro-organisms.


The company also designs and sells a family of production irradiators.
===Former medical isotope business===

Nordion used to process, package and deliver [[medical isotopes]] used for diagnostic procedures and treatment of diseases including cardiac and neurological conditions and several types of cancer.

The company used to offer both reactor and cyclotron based isotopes, including [[molybdenum-99]] used in the manufacture of [[technetium-99m]] generators. Technetium is the primary isotope used in millions of [[nuclear cardiology]] procedures every year.

Nordion also used to offer contract manufacturing services which can include medical isotopes for clinical trials or commercial development. All of the above stated medical isotope business is no longer offered by Nordion as this business was divested to BWXT in 2018.


==Locations==
==Locations==
The Nordion corporate headquarters are located in [[Ottawa]], [[Ontario]], Canada. The headquarters are the main manufacturing facilities for cobalt 60 isotope for sterilization technology.
The Nordion corporate headquarters are located in [[Ottawa]], [[Ontario]], Canada. The headquarters are the main manufacturing facilities for medical isotopes, used in medical imaging and radiopharmaceuticals, and for [[cobalt-60]] sources and industrial food irradiators.


The Nordion Gamma Centre of Excellence (GCE) is a gamma irradiation research, training, and demonstration facility located in [[Laval, Quebec|Laval]], [[Quebec]], Canada. The GCE is operated in partnership with the [[University of Quebec]]'s [[Armand Frappier]] Institute.
The Nordion Gamma Centre of Excellence (GCE) is a gamma irradiation research, training, and demonstration facility located in [[Laval, Quebec|Laval]], [[Quebec]], Canada. The GCE is operated in partnership with the [[University of Quebec]]'s [[Armand Frappier]] Institute.
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Nordion has an Asia Pacific Sales Office in [[Hong Kong]].
Nordion has an Asia Pacific Sales Office in [[Hong Kong]].


⚫
==References==
==Awards and recognition==
⚫
{{Reflist|30em}}

* Canada's Top 100 Employers, 2010 and 2011<ref>*[http://www.eluta.ca/top-employer-nordion Eluta.ca: Nordion Inc. Chosen as one of Canada's Top 100 Employers and National Capital Region's Top Employers for 2011]</ref>
* National Capital Region's Top 25 Employers, 2007-2013<ref>*[http://www.eluta.ca/top-employer-nordion Eluta.ca: Nordion Inc. Chosen as one of National Capital Region's Top Employers for 2012]</ref>
* Ottawa Business Journal's Forty Under 40 Award<ref name="nordion_a">*[http://www.nordion.com/our_company/awards_and_recognition.asp Nordion.com - Awards and Recognition]</ref>
* Best Employer for New Canadians<ref>*[http://www.eluta.ca/new-canadians-at-nordion Eluta.ca: Nordion Inc. Chosen as one of Best Employers for New Canadians for 2012]</ref>
* 2009 Ottawa Business Achievement – Company of the Year Silver Award<ref name="nordion_a" />
* Canadian Industry Program for Energy Conservation (CIPEC) Leadership Award<ref name="nordion_a" />
* ENERGY STAR Market Transformation Award<ref name="nordion_a" />
* Return on Environment Partnership Award<ref name="nordion_a" />

==Community work==

* Ottawa Food Bank<ref name="nordion_b">*[http://www.nordion.com/our_company/community.asp Nordion: In the Community]</ref>
* The Ottawa Hospital (Gala for Research)<ref name="nordion_b" />
* Toy Mountain<ref name="nordion_b" />

⚫
==References and footnotes==
⚫
{{Reflist|2}}


==External links==
==External links==
{{Official website}}
{{Portal|Companies}}
{{Portal|Companies}}
{{Authority control}}


[[Category:Pharmaceutical companies of Canada]]
[[Category:Pharmaceutical companies of Canada]]

Latest revision as of 18:33, 26 August 2024

Nordion Inc.
Company typeSubsidiary
IndustryHealth Science
Founded1946
(78 years ago) (1946)
Headquarters
Ottawa, Ontario
,
Canada
Area served
Global
Key people
Kevin Brooks[1]
Products
  • Gamma Technologies
  • Medical Isotopes
Revenue
  • US$244.8 million (2012)[2]
  • (equivalent to $324.89 million in 2023)
Number of employees
~350 (2015)[3]
ParentSotera Health LLC
Websitewww.nordion.com

Nordion Inc., a Sotera Health company, is a health science company that provides Cobalt-60 used for sterilization and treatment of disease (radiotherapy).

Nordion is headquartered in Ottawa, Ontario, Canada, with facilities in Vancouver, British Columbia and Laval, Quebec. Riaz Bandali is the company's President. The company was acquired by Sotera Health in 2014 for US$805 million (equivalent to $1020.61 million in 2023).[4]

History

[edit]

Founded in 1946,[5] originally the radium sales department of Eldorado Mining and Refining Ltd., the division developed one of the first radiotherapy units that used the radioisotope cobalt-60 to destroy cancerous tumours.

Soon after, the division was given responsibility for selling radioisotopes produced by the newly established Chalk River Nuclear Laboratories, a nuclear research facility at Chalk River, Ontario. As a result, in 1951, Eldorado established a commercial products division (CPD) to manage the isotope business, especially cobalt-60 used in cancer treatment.

In 1952, the federal government created Atomic Energy of Canada Limited (AECL), a Crown corporation. Shortly thereafter, CPD was transferred to AECL, where it remained for the next 40 years and was renamed the radio-chemical division.

In 1988, ownership of the radio-chemical division was transferred from AECL to the Canadian Development Investment Corporation (CDIC). The company assumed a new name, Nordion International Inc. and was later sold to MDS Health Group in 1991.

In 2010, MDS Inc. completed a strategic repositioning which saw the Company divest its MDS Analytical Technologies and MDS Pharma Services businesses. Also in 2010, shareholders of MDS Inc. approved a change of name from MDS Inc. to Nordion Inc. The Company officially changed its name to Nordion Inc. on November 1, 2010.[6]

In July 2013, Nordion completed the divestiture of its Targeted Therapies business to BTG plc.[7] The company is now focused on Nordion and its sterilization technologies and medical isotopes businesses.

The company generated US$244.8 million USD (equivalent to $310.37 million in 2023) in revenues in the 2012 fiscal year, with over 70% of its revenue coming from within North America.[3]

It was acquired by Sotera Health in 2014 for US$805 million (equivalent to $1020.61 million in 2023).[4] The company's press release stated that the acquisition created "the only vertically integrated sterilization company in the world."[8]

Nordion sold its Medical Isotopes business in 2018.

Products

[edit]

Gamma technologies

[edit]

Customers use Nordion's gamma-sterilization technologies to sterilize medical surgical supplies and devices, as well as certain consumer products, such as food and cosmetics.

Nordion supplies cobalt-60,[2] the isotope that produces the gamma radiation required to destroy harmful micro-organisms.

The company also designs and sells a family of production irradiators.

Locations

[edit]

The Nordion corporate headquarters are located in Ottawa, Ontario, Canada. The headquarters are the main manufacturing facilities for medical isotopes, used in medical imaging and radiopharmaceuticals, and for cobalt-60 sources and industrial food irradiators.

The Nordion Gamma Centre of Excellence (GCE) is a gamma irradiation research, training, and demonstration facility located in Laval, Quebec, Canada. The GCE is operated in partnership with the University of Quebec's Armand Frappier Institute.

Nordion has an Asia Pacific Sales Office in Hong Kong.

References

[edit]
  1. ^ "Leadership Team". Nordion. n.d. Archived from the original on 6 September 2021. Retrieved 28 December 2021.
  2. ^ a b "2012 Annual Report" (PDF). p. 42. Archived from the original (PDF) on 28 May 2013. Retrieved 27 December 2021.
  3. ^ a b "Nordion Corporate Presentation".
  4. ^ a b Stynes, Tess (2 June 2014). "Nordion Agrees to Sweetened Offer from Sterigenics". The Wall Street Journal. ISSN 0099-9660. OCLC 781541372. Archived from the original on 11 June 2016. Retrieved 28 December 2021.
  5. ^ "About Nordion". nordion.com. Nordion. Retrieved May 20, 2016.
  6. ^ *Nordion.com - Our History
  7. ^ *Nordion.com - News Release: Nordion Completes Divestiture of Targeted Therapies Business to BTG plc
  8. ^ John, Vita (6 August 2014). "Sterigenics International Completes $826 Million Acquisition of Nordion Inc". Sterigenics International LLC (Press release). Archived from the original on 10 August 2014. Retrieved 28 December 2021 – via Business Wire.
[edit]

Official website Edit this at Wikidata

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