SYNCOR SIGNS DEAL WITH AMERINET TO BE ITS SOLE SUPPLIER.Byline: Ben Sullivan Daily News Staff Writer Syncor International Corp., a Woodland Hills-based maker of radiopharmaceutical radiopharmaceutical /ra·dio·phar·ma·ceu·ti·cal/ (-fahr?mah-soo´ti-k'l) a radioactive pharmaceutical, nuclide, or other chemical used for diagnostic or therapeutic purposes. supplies, said Wednesday that it has signed a five-year contract with St. Louis-based AmeriNet Inc. that could be worth up to $210 million. The contract is to supply both bulk and ``unit dose'' radiopharmaceuticals to the Missouri group purchasing firm. Syncor products are used in magnetic resonance imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. and other forms of nuclear medicine. Under the new contract, Syncor will become the sole supplier of radiopharmaceuticals to AmeriNet. The new contract is an extension of a pact Syncor has had with AmeriNet since 1993. AmeriNet supplies about $3.5 billion worth of medical goods annually to hospitals, health maintenance organizations, surgery centers and long-term care facilities long-term care facility n. See skilled nursing facility. . Additionally, Syncor announced in February that it expects to open 10 MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. centers across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in the coming years. Syncor shares lost $1.25 Wednesday to close at $16. |
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