Recent Updates
Recently added Catalysts
TLX Positive Sentiment

Telix Partners with Subtle Medical on AI-Enabled SubtlePET™ Software for Faster PET Imaging with Illuccix®

Key Takeaway: Telix has partnered with Subtle Medical to integrate AI-driven SubtlePET™ software with its Illuccix® product for enhanced PET imaging. The collaboration aims to reduce scan times by up to 75%, improving patient comfort and workflow efficiency. This partnership will initially focus on prostate cancer imaging in the U.S. and aims to expand to other PET tracers pending regulatory approval.

Market Sentiment Analysis

POSITIVE FACTORS

  • Partnership enhances PET imaging efficiency with AI technology.
  • Significant time savings of up to 75% for PET scans.
  • Improves patient comfort and reduces wait times.
  • Seamless integration into existing imaging workflows.

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) | 30 October 2024
Telix today announces a partnership with California-based Subtle Medical, Inc. (Subtle Medical) for artificial intelligence (AI)-powered positron emission tomography (PET) imaging with Telix’s commercial PSMA-PET [1] product, Illuccix® ( 68 Ga-PSMA-11).
Subtle Medical’s SubtlePET™ is a U.S. Food and Drug Administration (FDA) cleared AI-driven solution to enhance the efficiency and effectiveness of imaging procedures. The proprietary deep-learning algorithm allows for faster PET scanning – up to 75% time savings without compromising image quality. The technology represents a significant advancement in the field, offering numerous benefits to patients, physicians, and medical facilities.
SubtlePET’s ability to expedite the imaging process reduces patient wait times and increases comfort, with the patient required to remain motionless under the camera for a shorter period of time, contributing to an overall more positive healthcare experience. Additionally, a shorter scan time for Illuccix will allow healthcare providers to further optimise workflows and resource utilisation. Most importantly for facilities, SubtlePET seamlessly integrates into existing imaging center workflows, empowering healthcare providers to achieve faster PET imaging on any scanner, regardless of manufacturer or model. The technology can also extend scanner life through improved performance.
Kevin Richardson, Chief Executive Officer, Telix Precision Medicine, said, “Through this partnership, we are excited to incorporate an innovative AI product into the Illuccix value proposition for our customers and the patients they serve. We believe that the combination of Illuccix and SubtlePET will further strengthen Telix’s AI toolkit and also Illuccix’s reputation as the best-in-class PSMA-PET imaging agent for accuracy, reliability, quality, and operational excellence in the U.S. As Telix looks to our future with a multi-product portfolio, we look forward to growing our partnership with Subtle Medical to advance patient care and more efficient PET workflows across the disease spectrum.”
Josh Gurewitz, Chief Commercial Officer, Subtle Medical, commented, “We are pleased to commercially partner with Telix, a global leader in theranostics. This agreement represents a significant milestone for both companies, as we join forces to empower medical professionals and improve outcomes for patients with Subtle Medical’s platform and innovative AI product for PET imaging, starting with prostate cancer.”
The partnership with Telix, which covers North America and the European Union (EU, excluding France and French speaking Belgium), launches in the United States (U.S.) with Illuccix, with the aim to expand to other Telix PET-tracers, subject to regulatory approval.
To sign up for more information on Illuccix and SubtlePET visit https://illuccixhcp.com/power-of-lightning/
Read the full media release here
[1] Imaging of prostate-specific membrane antigen with positron emission tomography.

Frequently Asked Questions

What is the purpose of the Telix and Subtle Medical partnership?

The partnership aims to enhance PET imaging efficiency using AI technology.

How much time can SubtlePET™ save during PET scans?

SubtlePET™ can reduce PET scan times by up to 75%.

What is the initial focus of the partnership?

The initial focus is on prostate cancer imaging in the U.S.

Will SubtlePET™ integrate with existing imaging systems?

Yes, SubtlePET™ seamlessly integrates into existing imaging workflows.

Last updated: Oct 30, 2024