123I is the most widely used cyclotron-produced radio-halogen in medical research. In this paper, excitation function formulae for the nuclear reactions of 123I production are introduced. 124Te (p, 2n)123I and 127I (p, 5n)123Xe → 123I nuclear reactions have been studied as a function of the energy of the neutrons. Both two formulae were created using the least squares regression of the experimental cross sections data, which were obtained from the Experimental Nuclear Reaction Data EXFOR Database version of 2023. The proposed formulae were evaluated using two statistical indicators for goodness-of-fit. High agreement was observed between the empirical and experimental results for both nuclear processes.