CHALK RIVER, Ontario– Actineer, a joint venture between ITM and Canadian Nuclear Laboratories (CNL) Ltd., today announced the appointment of Joseph Oliverio as President and Chief Executive Officer. With extensive industry leadership experience, Mr. Oliverio is poised to drive Actineer’s global expansion in Actinium-225 (Ac-225) production.
Mr. Oliverio joins Actineer with over three decades of leadership experience across the nuclear medicine, medical device and radiopharmaceutical industries, including at Ionetix, IMAGIN Molecular Corporation and Positron Corporation (OTC: POSC). He takes the helm as Actineer moves forward with the scaling of its Ac-225 manufacturing capabilities and preparations to supply the radiopharmaceutical industry with this valuable alpha emitter.
“Actinium-225 holds promising potential in cancer treatment. With the appointment of Joseph Oliverio as President and CEO of Actineer, the Joint Venture is well-positioned to shape the future of this critical field,” said Dr. Andrew Cavey, CEO of ITM and Actineer Board Chairman. “His expertise will be instrumental in advancing the team’s efforts to ensure a reliable and scalable supply of Actinium-225, in an effort to meet the global demand.”
“With the appointment of Joseph as President and CEO, we are embarking on a new phase in Actineer’s corporate development,” said Jack Craig Jr., President and CEO of CNL and Actineer Board Member. “Joseph’s leadership experience across radiopharmaceutical organizations, particularly in driving growth strategies for alpha therapy segments and overseeing joint ventures, will be an invaluable asset as we ramp up our production efforts for GMP-grade Actinium-225 and begin supplying Actineer’s partners.”
Before joining Actineer, Mr. Oliverio held several senior executive roles in the radiopharmaceutical industry. Most recently, he served as VP of Clinical Operations at Ionetix Corporation, where he spearheaded their cardiac radiopharmaceutical clinical growth strategy, established new joint ventures with medical and private equity groups, contributed to their Targeted Alpha Therapy business segment, advised on regulatory product submissions, and managed their clinical trial. As President and CEO of IMAGIN Molecular Corporation, he led efforts to identify joint venture partners for cardiac and oncologic imaging. Prior to this, Mr. Oliverio was President and Chairman of the Board at Positron Corporation, where he managed a joint venture with Neusoft, expanded the PET scanner business, acquired IS2 Medical Systems, and successfully led multiple funding rounds. Mr. Oliverio holds an MBA in Technology Management from the University of Phoenix, Arizona, and a Bachelor of Science in Nuclear Medicine Technology from SUNY University at Buffalo, New York.
“Actineer is poised to become one of the major global suppliers of Actinium-225. I am privileged to work with such premier institutions as CNL and ITM and am eager to leverage my expertise and work together with the Actineer team to achieve this goal and thereby support the development of innovative targeted alpha radiopharmaceuticals for the treatment of challenging cancer indications,” said Joseph Oliverio, President and CEO of Actineer.
