Former Speaker Paul Ryan Named to SHINE Medical Technologies Board
By Barbara Wenger
SHINE Medical Technologies, LLC appoints the former Speaker of the House of Representatives Paul Ryan to its board of directors. Founded in 2010, SHINE is a development-stage company working to become a manufacturer of radioisotopes for nuclear medicine.
“Paul is a visionary with a wealth of experience and an expansive network that are welcome additions to SHINE’s board,” said Greg Piefer, founder and CEO of SHINE. “Paul will provide critical guidance to SHINE as we expand into domestic and international markets that require deep mastery of global policy, economics and leadership. His knowledge of domestic and international health care and energy policy will be an invaluable guide to us. We also are excited to be working with someone who cares about building great things in Janesville as deeply as we do.”
Ryan was born, raised and lives in Janesville, Wis., where SHINE is headquartered and is building its medical isotope production facility. The SHINE system uses a patented, proprietary manufacturing process that offers major advantages over existing and proposed production technologies. It does not require a nuclear reactor, uses less electricity, generates less waste and is compatible with the nations existing supply chain for Molybdenum-99 (MO-99).
“I am excited to be joining SHINE’s board at this important time in the company’s development,” Mr. Ryan said. “SHINE is uniquely equipped to create a reliable global supply of lifesaving medical isotopes, which would allow patients around the world to receive diagnosis and treatment when they need it most. Companies like SHINE play an important role in the delivery of cutting-edge health care and I will be able to help the company continue to grow.”
Paul D. Ryan served as the 54th speaker of the United States House of Representatives from 2015 through 2018 becoming the youngest to hold the role in nearly 150 years. He was also the 2012 vice presidential nominee of the Republican Party, running unsuccessfully with Mitt Romney. He successfully ran for Congress, representing Wisconsin’s 1st congressional district, in 1998 and represented the district for 20 years. He chaired the House Budget Committee and briefly chaired the House Ways and Means Committee. A self-proclaimed deficit hawk, Ryan was a major proponent of privatizing Social Security in the mid 2000s. He tenure as Speaker of the House saw a massive increase in government spending and deficits.