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ASX ANNOUNCEMENT 17 November 2025 Radiopharm Theranostics Announces 50% Enrollment in Phase 2b Clinical Trial of RAD101 Imaging in Brain Metastases Early patient data from Phase 2b clinical trial showed significant and s

Key Takeaway: Radiopharm Theranostics announced a milestone in its Phase 2b clinical trial for RAD101, reaching 50% patient enrollment. Early data indicate significant and selective tumor uptake in brain metastases when compared to conventional MRI. This promising development is pivotal for differentiating between tumor recurrence and radiation effects in patients. The full enrollment is anticipated to be completed by mid-2026, with topline results expected afterwards.

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POSITIVE FACTORS

  • 50% enrollment achieved in the Phase 2b trial of RAD101.
  • Early results show significant tumor uptake compared to MRI.
  • Projected topline data release in the first half of 2026.
  • RAD101 may enhance the distinction between tumor recurrence and treatment effects.

Full Press Release Details

Theranostics Announces 50% Enrollment in Phase 2b Clinical Trial of RAD101 Imaging in Brain Metastases
Early patient data from Phase 2b clinical trial
showed significant and selective tumor uptake in brain metastases compared to MRI
Phase 2b clinical trial expected to complete
enrollment and have topline data in 1H26
Sydney, Australia - 17 November 2025 - Radiopharm Theranostics
(ASX:RAD, "Radiopharm" or the "Company"), a clinical-stage biopharmaceutical company focused on developing innovative
oncology radiopharmaceuticals for areas of high unmet medical need, today announced that the Phase 2b trial evaluating RAD101 imaging
in brain metastases has achieved 50% patient enrollment threshold.
"Enrolling 50% of the patients in our Phase 2b study of RAD101
is a meaningful achievement for our RAD101 development program that brings us closer to demonstrating its clinical benefit in distinguishing
between tumor recurrence and radiation necrosis in patients with brain metastasis following anticancer treatments, like SRS/radiation,"
said Riccardo Canevari, CEO and Managing Director of Radiopharm Theranostics. "Meeting this half-way milestone, along with our continuing
momentum in patient enrollment, gives us further confidence in our plans to complete enrollment and share topline results in the first
RAD101 is the Company's novel imaging small molecule that targets
fatty acid synthase (FASN), a multi-enzyme protein that catalyses fatty acid synthesis and is overexpressed in many solid tumors, including
Data from the first three patients showed significant and selective
tumor uptake in brain metastases. Images confirmed metabolic activity in brain metastases compared to equivocal MRI findings. These promising
early results are in line with the previously published Phase 2a results and, if confirmed, will trigger the preparation of a multi-center,
global Phase 3 registrational trial.
In the U.S. alone, there are more than 300,000
patients diagnosed annually with cerebral metastases. The incidence of Intracranial Metastatic Disease (IMD) continues to increase, in
part, due to improvements in systemic therapy resulting in a more durable control of the Primary tumor. Contrast-enhanced Magnetic Resonance
Imaging (CE-MRI) is the preferred method for imaging IMD, but has limitations, particularly in follow-up surveillance scans to optimise
RAD101 has received U.S. Food and Drug Administration (FDA) Fast Track
Designation to distinguish between recurrent disease and treatment effect of brain metastases originating from solid tumors of different
origin including leptomeningeal disease.
About the Phase 2 Clinical Trial of RAD101
The U.S. multicenter, open-label, single arm
Phase 2b clinical trial is evaluating the diagnostic performance of 18F-RAD101 in 30 individuals with confirmed recurrent brain metastases
from solid tumors of different origins. The primary objective of the study is concordance between 18F-RAD101 positive lesions and those
seen in conventional imaging (MRI with gadolinium) in participants with suspected recurrent brain metastases. Secondary endpoints are
accuracy, sensitivity and specificity of RAD101 in identifying tumor recurrence versus radiation necrosis in previously stereotactic
radiosurgery (SRS)-treated brain metastases.
Radiopharm Theranostics Limited
Suite 1, Level 3, 62 Lygon Street, Carlton South VIC 3053 Australia
RAD101 is the Company's novel imaging small molecule that targets
fatty acid synthase (FASN), a multi-enzyme protein that catalyses fatty acid synthesis and is overexpressed in many solid tumors, including
cerebral metastasis. Targeting FASN activity may allow for the more accurate detection of cancer cells, representing a clinically relevant
method for the imaging of brain metastases. Positive data from the Imperial College of London's Phase 2a imaging trial of 18F-RAD101
in patients with brain metastases (both SRS pre-treated and treatment na ve patients) showed significant tumor uptake that was independent
from the tumor of origin. The study further indicated that PET-MRI may potentially represent a non-invasive prediction of overall-survival,
warranting larger studies.
About Radiopharm Theranostics
Radiopharm Theranostics is a clinical stage radiotherapeutics company
developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high
unmet medical need. Radiopharm is listed on ASX (RAD) and on NASDAQ (RADX). The company has a pipeline of distinct and highly differentiated
platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer. The clinical program includes one
Phase 2 and four Phase 1 trials in a variety of solid tumor cancers including lung, breast, and brain metastases. Learn more at radiopharmtheranostics.com.
Authorised on behalf of the Radiopharm Theranostics board of directors by Chairman Paul Hopper.
For more information:
CEO & Managing Director
Precision AQ (Formerly Stern IR)
Radiopharm Theranostics
Suite 1, Level 3, 62 Lygon Street, Carlton South VIC 3053 Australia

Frequently Asked Questions

What does RAD101 target in brain metastases?

RAD101 targets fatty acid synthase (FASN), a protein overexpressed in many solid tumors.

What is the primary goal of the Phase 2b trial?

The primary goal is to assess concordance between RAD101 and MRI findings in brain metastases.

When is the topline data expected from the trial?

Topline data from the trial is expected in the first half of 2026.

How many patients are involved in the Phase 2b trial?

The Phase 2b trial is evaluating 30 individuals with confirmed recurrent brain metastases.

What designation has RAD101 received from the FDA?

RAD101 has received the FDA Fast Track Designation for its diagnostic capabilities.

Last updated: Nov 17, 2025