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FDA Accepts Telix NDA for New Prostate Cancer Imaging Agent

Key Takeaway: Telix has announced that the FDA has accepted its New Drug Application for TLX007-CDx, a new cold kit for PSMA-PET imaging in prostate cancer. The PDUFA goal date is set for March 24, 2025. This innovative kit aims to improve patient access to imaging services, particularly for underserved communities. The company is committed to enhancing equity in healthcare access for prostate cancer patients.

Market Sentiment Analysis

POSITIVE FACTORS

  • FDA acceptance of Telix's NDA for TLX007-CDx is a significant milestone.
  • The new Kit aims to enhance patient access to PSMA-PET imaging.
  • Innovative production methods could improve distribution and availability.
  • The product addresses the needs of underserved populations in the U.S.

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) | 23 July 2024
Telix today announces that the United States (U.S.) Food and Drug Administration (FDA) has accepted the filing of its New Drug Application (NDA) for TLX007-CDx, a new and proprietary cold kit (“Kit”) for the preparation of PSMA-PET imaging 1 for prostate cancer. The PDUFA 2 goal date is March 24, 2025.
If approved, the new Kit will enable use of a PSMA imaging product with a considerably extended geographic distribution radius from a nuclear pharmacy compared to currently approved gallium-68 ( 68 Ga) based agents. Its innovative properties are designed to facilitate more flexible production, including with higher activity 68 Ga sourced from both newer high activity generators and cyclotrons powered by the ARTMS® QUANTM Irradiation System™ 3 and GE FASTlab™ 4 solid and liquid target production system. Through this NDA, Telix’s objective is to further enhance patient access to PSMA-PET imaging and the clinical benefits of 68 Ga imaging to underserved populations across the U.S., using Telix’s established nuclear pharmacy distribution partnerships and industry-leading on-time reliability.
PSMA-PET imaging represents a major advancement in prostate cancer management and in the U.S. has replaced conventional imaging methods (bone scan, CT scan) as the standard of care after initial diagnosis and biochemical recurrence 5 . Despite this major medical advancement, only a relatively small fraction of the 3.4 million men living with prostate cancer in America have undergone a PSMA-PET imaging scan 6 .
Dr Christian Behrenbruch, Managing Director and Group CEO of Telix stated, “We have seen rapid adoption and geographic expansion of PSMA-PET imaging with our first commercial product Illuccix®, and this filing acceptance is an important step towards further improving equity of access and reinforcing our commitment to innovation in prostate cancer to continue to meet the needs of healthcare professionals and their patients. We now look forward to working with the FDA to bring TLX007-CDx to American men living with prostate cancer, including those residing in underserved communities and regions where access to state-of-the art imaging remains limited.”
TLX007-CDx has not received a marketing authorisation in any jurisdiction.
• Imaging of prostate-specific membrane antigen with positron emission tomography. ↩︎
• Prescription Drug User Fee Act. ↩︎
• Telix ASX disclosure 11 April 2024. For further information visit: https://www.artms.ca/ ↩︎
• FASTlab is a trademark of GE Healthcare and its affiliates. ↩︎
• NCCN Clinical Practice Guidelines in Oncology (NCCN Guidelines®) for Prostate Cancer V.4.2024. ↩︎
• Company analysis based on proprietary and public domain data. ↩︎

Frequently Asked Questions

What is TLX007-CDx?

TLX007-CDx is a new cold kit for preparing PSMA-PET imaging for prostate cancer.

When is the PDUFA goal date for TLX007-CDx?

The PDUFA goal date for TLX007-CDx is March 24, 2025.

How does TLX007-CDx improve imaging access?

It enables broader geographic distribution and flexible production of PSMA imaging.

Who will benefit from TLX007-CDx?

It aims to enhance access for underserved populations in the U.S. with prostate cancer.

Last updated: Jul 23, 2024