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Patients Risk Missing Out on Revolution in Cancer Treatment: Report

Key Takeaway: A new report by Telix highlights the urgent need for Australia to invest in nuclear medicine infrastructure to support theranostics, an innovative cancer treatment. The report emphasizes that regulatory challenges and insufficient manufacturing capacity are preventing broader adoption of these therapies. With over 160,000 Australians diagnosed with cancer annually, the report calls for coordinated efforts among governments and industry to improve access to these treatments.
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POSITIVE FACTORS

  • Theranostics offer innovative cancer treatment options.
  • There is strong public support for nuclear medicine funding.
  • Australia is a leader in theranostics research.

CONCERNS & RISKS

  • Regulatory challenges hinder the adoption of theranostics.
  • Current manufacturing capacity is insufficient to meet future demand.
  • Policy failures prevent widespread access to potentially life-saving treatments.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+13%
120-day peak, hindsight
Typical move
7%
average across 7 past catalysts
Lead asset
131I-IPA
Phase 1 · Neoplastic Disease

Full Press Release Details

Melbourne (Australia) | 7 March 2025
Tens of thousands of Australians risk missing out on a new era of cancer treatment if Australia fails to fund and build the medical infrastructure needed to support it, according to a landmark new report by Telix.
The Nuclear Medicines report, entitled Radiopharmaceuticals Empowering Australia’s Future, released today by Telix, found the rise of theranostics – a branch of nuclear medicine – offered an innovative new way of treating cancer, but regulatory challenges are impeding its broader adoption in Australia.
Theranostics – ‘therapy’ and ‘diagnostics’ – are highly targeted treatments that use radioactive isotopes attached to a targeting agent to both ‘see’ (image) and ‘treat’ cancer. These drugs, known as radiopharmaceuticals, seek out cancerous cells, including where cancer has spread, and bind selectively to a target. Often described as the sixth pillar of cancer treatment (alongside surgery, radiation, chemotherapy, targeted therapies and immunotherapy), theranostics can be more accurate, less invasive, faster and safer than other standards of care [1] . However, the report explains that Australians are currently missing out on the benefits of these treatments.
Barriers to adoption
The report identified three key issues affecting the adoption of theranostic treatments in Australia:
Australians want nuclear medicine funding
There is a groundswell of support for nuclear medicine among Australians. The paper includes results from a new survey of 2000 Australians, which reveals that:
Sovereign manufacturing crucial
Due to their nature, radiopharmaceuticals begin to decay the minute they are made and must be administered to patients within hours or days of manufacture [8] , meaning Australia must build its own capability in this country. Currently, Australia has a single nuclear medical manufacturing plant for therapeutics – ANSTO at Lucas Heights in Sydney – but based on current projections, it is likely we will need additional manufacturing capacity to meet future demand.
A home-grown industry will also need an expert workforce and sufficient funding to develop a nationally co-ordinated strategy, and the report outlines how this could be achieved, including the creation of a dedicated Nuclear Medicines Fund.
Call to action for regulators and governments
The report puts forward five key recommendations to expand access and boost nuclear medicine research and manufacturing:
Telix Managing Director and Group Chief Executive Officer, Dr. Christian Behrenbruch, said Australia is a world leader in theranostics research, but that needs to translate into improved outcomes for Australian patients.
“Every year, more than 160,000 Australians are diagnosed with cancer, and 50,000 die from their disease [9] . However, potentially life-prolonging theranostics are not being widely adopted in Australia due to policy failures and a lack of planning. Nuclear medicine in Australia is now at an inflection point where we need to move away from “how it was always done”, and towards a system that guarantees access to as many Australians as possible. We need a nationally coordinated effort between Federal and State Governments, scientists, clinicians and pharmaceutical companies, in order to meet demand.”
The full Nuclear Medicines report, Radiopharmaceuticals Empowering Australia’s Future, can be downloaded at the following link .
[2] The Daily Telegraph, Why 10000 Aussies a Year Are Being Forced to Fund Their Own Cancer Treatment, 21 July 2024.
[3] Telix Report, Appendix 3, Q. 27
[4] Telix Report, Appendix 3, Q. 4
[5] Telix Report, Appendix 3, Q. 16
[6] Telix Report, Appendix 2, Q. 25
[7] Telix Report, Appendix 2, Q. 17
[8] Decay time depends on half-life of isotope.
[9] Australian Institute of Health and Welfare – Overview of cancer in Australia, 2024 – https://www.aihw.gov.au/reports/cancer/cancer-data-in-australia/contents/overview

Frequently Asked Questions

What is theranostics?

Theranostics combines therapy and diagnostics using radioactive isotopes to target cancer cells.

Why is nuclear medicine funding important?

Funding is crucial to develop infrastructure and ensure access to innovative cancer treatments.

What are the barriers to theranostic adoption in Australia?

Key barriers include regulatory challenges, insufficient manufacturing capacity, and policy failures.

How many Australians are diagnosed with cancer each year?

Over 160,000 Australians are diagnosed with cancer annually.

What does the Telix report recommend?

The report recommends a coordinated effort to enhance nuclear medicine research and manufacturing.

Last updated: Mar 6, 2025