At PBMR, long-lived fission product release from spherical fuel spheres is calculated using the German legacy software product GETTER. GETTER is a good tool when performing calculations for fuel spheres under controlled operating conditions, including irradiation tests and post-irradiation heat-up experiments. It has proved itself as a versatile reactor analysis tool, but is rather cumbersome when used for accident and sensitivity analysis. Developments in depressurized loss of forced cooling (DLOFC) accident analysis using GETTER led to the creation of FIssion Product RElease under accident (X) conditions (FIPREX), and later FIPREX-GETTER. FIPREX-GETTER is designed as a wrapper around GETTER so that calculations can be carried out for large numbers of fuel spheres with design and operating parameters that can be stochastically varied. This allows full Monte Carlo sensitivity analyses to be performed for representative cores containing many fuel spheres. The development process and application of FIPREX-GETTER in reactor analysis at PBMR is explained and the requirements for future developments of the code are discussed. Results are presented for a sample PBMR core design under normal operating conditions as well as a suite of design-base accident events, illustrating the functionality of FIPREX-GETTER. Monte Carlo sensitivity analysis principles are explained and presented for each calculation type. The plan and current status of verification and validation (V&V) is described. This is an important and necessary process for all software and calculation model development at PBMR.