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FDA Alignment to Advance ProstACT Global Phase 3 Trial

(Positive)

Telix (ASX: TLX, NASDAQ: TLX) reported that the U.S. FDA has agreed that Part 1 safety data from the ProstACT Global Phase 3 trial support advancing Part 2 in the United States.

The FDA aligned with Telix on the Part 2 protocol, statistical analysis, and safety monitoring for TLX591-Tx given in two doses, 14 days apart, combined with abiraterone, enzalutamide, or docetaxel. Part 2 continues enrolling where already approved, while U.S. initiation awaits review of an IND amendment, coordinated with a pending European submission.

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Positive

  • FDA alignment on Part 2 protocol, statistical analysis, and safety monitoring
  • Part 1 safety data deemed sufficient to support U.S. progression of Part 2
  • Part 2 enrollment already ongoing in regions with existing regulatory approval
  • Consistent global framework for ProstACT Global Phase 3 execution
  • IND amendment planned to expand Part 2 into U.S. and align with Europe

Negative

  • U.S. initiation of Part 2 still subject to FDA review of IND amendment
  • ProstACT Global initiation in Europe pending regulatory submission and approval

News Market Reaction – TLX

+0.25%
+0.25% Session close to close

In the Jul 2 session, TLX gained 0.25%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Regulatory alignment with the FDA to advance Part 2 of the Phase 3 ProstACT trial provides a key ste...
Analysis

Regulatory alignment with the FDA to advance Part 2 of the Phase 3 ProstACT trial provides a key step for TLX591-Tx, complementing prior trial milestones. Investors may watch how U.S. and European initiation progress and how low reported short interest shapes trading liquidity.

Key Figures

Dose count: 2 doses Dosing interval: 14 days Combination cohorts: 3 therapies +1 more
4 metrics
Dose count 2 doses TLX591-Tx regimen in Part 2 ProstACT Global
Dosing interval 14 days Time between TLX591-Tx doses in Part 2
Combination cohorts 3 therapies Standard of care partners: abiraterone, enzalutamide, docetaxel
Treatment duration 2 weeks Approximate total TLX591-Tx treatment course

Previous Clinical trial Reports

5 past events · Latest: Jun 01 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jun 01 ProstACT Part 1 data Positive -2.8% Part 1 ProstACT Phase 3 results presented as ASCO late-breaking oral.
Apr 21 ASCO selection Positive +1.2% ProstACT Part 1 safety data selected as late-breaking ASCO 2026 abstract.
Apr 14 IPAX-BrIGHT first dose Positive -0.4% First patient dosed in Phase 3 IPAX-BrIGHT glioblastoma trial of TLX101-Tx.
Mar 09 ProstACT Part 1 success Positive +5.5% ProstACT Part 1 met primary safety and dosimetry objectives, enabling Part 2.
Jan 16 BiPASS first U.S. dose Positive +4.4% First U.S. patient dosed in BiPASS Phase 3 prostate cancer diagnosis study.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Clinical trial milestones have typically drawn a positive share-price response for Telix, with only one negative move among recent same-tag events.

Key Terms

metastatic castration resistant prostate cancer, dosimetry, standard of care, investigational new drug (ind), +1 more
5 terms
metastatic castration resistant prostate cancer medical
"in metastatic castration resistant prostate cancer."
An advanced form of prostate cancer that has spread beyond the prostate to other parts of the body and continues to grow despite treatments that lower male hormones (often called androgen-deprivation therapy). Investors care because it defines a high unmet medical need and a clear market for new drugs, diagnostics, and therapies; treatment breakthroughs, trial results, or regulatory approvals can materially affect sales potential and company valuations, much like unlocking a new market for a stubborn problem.
dosimetry medical
"to review the Part 1 safety and dosimetry data and Part 2 protocol design"
Dosimetry is the measurement and calculation of how much ionizing radiation is absorbed by people, tissues, or devices, similar to a thermostat tracking temperature in different rooms to know where and how much heat is present. Investors should care because accurate dosimetry underpins safety, treatment effectiveness, regulatory approval, and liability for products and services that use radiation—affecting market access, costs, and commercial risk.
standard of care medical
"in combination with one of three randomized standard of care (SOC) therapies"
Standard of care is the accepted medical treatment or clinical approach that most qualified doctors would use for a given condition today, based on available evidence, guidelines and common practice. For investors, it acts like the baseline product customers expect: a new therapy or device must match or improve on the standard of care to win market share, gain reimbursement and limit legal or regulatory risk.
investigational new drug (ind) regulatory
"enables submission of our IND amendment for initiation of Part 2"
An investigational new drug (IND) is a drug or biologic that is being tested but has not yet been approved for general use; it is the application and formal status that allows a company to begin human clinical trials under regulator oversight. Investors care because an IND marks the transition from lab work to human testing — like getting a permit to run real-world experiments — which creates important milestones, costs, timelines and regulatory risk that drive a development-stage company's value.
radiopharmaceutical therapy medical
"has the potential to redefine how radiopharmaceutical therapy is integrated"
A medical treatment that links a tiny radioactive particle to a molecule that seeks out specific cells, delivering radiation directly to diseased tissue much like a guided missile hits a target while sparing nearby healthy areas. Investors pay attention because these therapies combine drug development with specialized manufacturing, regulatory review, and complex hospital delivery, so clinical success, production capacity, safety rules, and pricing can strongly influence a company’s growth and risk profile.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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  • FDA and Telix align on advancement into Part 2 of the ProstACT Global Phase 3 study in the United States.
  • FDA agrees with the clinical protocol and proposed statistical framework across three standard-of-care combination cohorts.
  • Part 2 (randomized cohort) continues to recruit in jurisdictions where the study has regulatory approval.

MELBOURNE, Australia and INDIANAPOLIS, July 02, 2026 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals (ASX: TLX, NASDAQ: TLX, “Telix”) today announced the successful outcome of a Type B meeting with the United States (U.S.) Food and Drug Administration (FDA) to review the Part 1 safety and dosimetry data and Part 2 protocol design of the ProstACT Global Phase 3 trial of its therapeutic candidate TLX591-Tx (lutetium-177 (177Lu) rosopatamab tetraxetan) in metastatic castration resistant prostate cancer.

The FDA has confirmed that the safety data from Part 1 of the study is sufficient to enable progression of Part 2 of ProstACT Global into the U.S. in which TLX591-Tx is administered in two doses, 14 days apart, in combination with one of three randomized standard of care (SOC) therapies: abiraterone, enzalutamide or docetaxel. The FDA and Telix also achieved alignment on the Part 2 clinical trial protocol, statistical analysis plan, and ongoing safety monitoring plan. The result is a consistent framework for study execution as enrollment continues internationally and expands into the U.S.

David N. Cade, MD, Group Chief Medical Officer, Telix, said, “This is an excellent outcome that enables submission of our IND amendment for initiation of Part 2 of ProstACT Global in the U.S. Part 2 continues to enroll strongly in regions where recruitment is open.”

Neeraj Agarwal, MD, Professor of Medicine and Presidential Endowed Chair of Cancer Research at Huntsman Cancer Institute, Salt Lake City, and ProstACT Global Principal Investigator and Steering Committee member, commented, “TLX591-Tx has the potential to redefine how radiopharmaceutical therapy is integrated into clinical practice. Because the complete treatment course is delivered over approximately two weeks, physicians can layer it into an existing regimen with minimal interruption, providing greater flexibility to sequence therapies while preserving future treatment options in patients with metastatic prostate cancer.”

Initiation of Part 2 in the U.S. remains subject to the FDA’s review of an Investigational New Drug (IND) amendment. The IND amendment will also be aligned with a pending regulatory submission to initiate the ProstACT Global study in Europe. The trial continues to enroll patients in regions where Part 2 is approved1.

About ProstACT Global

ProstACT Global (ClinicalTrials.gov ID: NCT06520345) is an international, multicenter trial in two parts: Part 1, safety and dosimetry lead-in with 36 patients (complete); and Part 2, 2:1 randomized global expansion with an overall target enrollment of approximately 490 patients. Eligible patients must have confirmed progressive mCRPC assessed with a 68Ga-PSMA-11 PET2 imaging agent (such as Illuccix®, kit for the preparation of gallium-68 (68Ga) gozetotide injection, or Gozellix®, kit for the preparation of gallium-68 (68Ga) gozetotide injection) following prior treatment with one ARPI.

The antibody-based approach demonstrates differentiated targeting and pharmacology to other PSMA-targeted small molecule radioligand therapies (RLT). In contrast to these therapies3, collective long-term follow-up of patients administered with TLX591-Tx has not observed significant acute or delayed kidney toxicity, as the agent is hepatically (liver) excreted, a comparatively radioresistant organ4. TLX591-Tx also demonstrates minimal salivary and lacrimal gland uptake, reducing the prevalence of xerostomia (dry mouth) and dry eye, which are typical adverse effects of existing PSMA-targeted RLTs5. Additional information on the Phase 3 ProstACT Global study can be found at: https://telixpharma.com/prostact/

About Telix Pharmaceuticals Limited

Telix Pharmaceuticals (ASX: TLX, NASDAQ: TLX) is a commercial-stage global radiopharmaceutical company, advancing targeted theranostics to improve outcomes for people with cancer across the patient journey. Theranostics pairs a precision diagnostic with a targeted therapy to both diagnose and treat disease.

Telix's commercial franchise is anchored by its prostate cancer imaging portfolio: Illuccix® (kit for the preparation of gallium-68 gozetotide injection), commercially available in 22 countries including the U.S. and Gozellix®, Telix's next-generation PSMA-PET imaging agent approved by the U.S. FDA. The Company's late-stage therapeutic pipeline includes three assets in pivotal-stage trials - TLX591-Tx in prostate cancer, TLX101-Tx in recurrent glioblastoma, TLX250-Tx in kidney cancer, complemented by a deep pipeline of next generation assets.

Telix is headquartered in Melbourne, Australia, with operations across North America, Europe, Latin America and Asia-Pacific. For more information, visit www.telixpharma.com or follow Telix on LinkedIn, X and Facebook.

Investor Relations

Annie Kasparian
annie.kasparian@telixpharma.com

Charlene Jaw
charlene.jaw@telixpharma.com
Media

Eliza Schleifstein
917.763.8106 (Mobile)
Eliza@schleifsteinpr.com

 
 


This announcement has been authorized for release by the Telix Pharmaceuticals Ltd. Disclosure Committee on behalf of the Board.

Legal Notices

Cautionary Statement Regarding Forward-Looking Statements. 

You should read this announcement together with our risk factors, as disclosed in our most recently filed reports with the Australian Securities Exchange (ASX), U.S. Securities and Exchange Commission (SEC), including our Annual Report on Form 20-F filed with the SEC, or on our website.

The information contained in this announcement is not intended to be an offer for subscription, invitation or recommendation with respect to securities of Telix Pharmaceuticals Limited (Telix) in any jurisdiction, including the United States. The information and opinions contained in this announcement are subject to change without notification. To the maximum extent permitted by law, Telix disclaims any obligation or undertaking to update or revise any information or opinions contained in this announcement, including any forward-looking statements (as referred to below), whether as a result of new information, future developments, a change in expectations or assumptions, or otherwise. No representation or warranty, express or implied, is made in relation to the accuracy or completeness of the information contained or opinions expressed in the course of this announcement.

This announcement may contain forward-looking statements, including within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, that relate to anticipated future events, financial performance, plans, strategies or business developments. Forward-looking statements can generally be identified by the use of words such as “may”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “outlook”, “forecast” and “guidance”, or the negative of these words or other similar terms or expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are based on Telix’s good-faith assumptions as to the financial, market, regulatory and other risks and considerations that exist and affect Telix’s business and operations in the future and there can be no assurance that any of the assumptions will prove to be correct. In the context of Telix’s business, forward-looking statements may include, but are not limited to, statements about: the initiation, timing, progress, completion and results of Telix’s preclinical and clinical trials, and Telix’s research and development programs; Telix’s ability to advance product candidates into, enroll and successfully complete, clinical studies, including multi-national clinical trials; the timing or likelihood of regulatory filings and approvals for Telix’s product candidates, including the planned NDA resubmission for TLX101-Px and the planned BLA resubmission for TLX250-Px, manufacturing activities and product marketing activities; Telix’s sales, marketing and distribution and manufacturing capabilities and strategies; the commercialization of Telix’s product candidates, if or when they have been approved; Telix’s ability to obtain an adequate supply of raw materials at reasonable costs for its products and product candidates; estimates of Telix’s expenses, future revenues and capital requirements; Telix’s financial performance; developments relating to Telix’s competitors and industry; the anticipated impact of U.S. and foreign tariffs and other macroeconomic conditions on Telix’s business; and the pricing and reimbursement of Telix’s product candidates, if and after they have been approved. Telix’s actual results, performance or achievements may be materially different from those which may be expressed or implied by such statements, and the differences may be adverse. Accordingly, you should not place undue reliance on these forward-looking statements.

Trademarks and Trade Names. All trademarks and trade names referenced in this press release are the property of Telix Pharmaceuticals Limited (Telix) or, where applicable, the property of their respective owners. For convenience, trademarks and trade names may appear without the ® or ™ symbols. Such omissions are not intended to indicate any waiver of rights by Telix or the respective owners. Trademark registration status may vary from country to country. Telix does not intend the use or display of any third-party trademarks or trade names to imply any affiliation with, endorsement by, or sponsorship from those third parties.

©2026 Telix Pharmaceuticals Limited. All rights reserved.

1 Part 2 is enrolling in Australia, New Zealand, Canada, Türkiye, and the United Kingdom, and has also received regulatory approval to commence in China, Singapore and South Korea.
2 Positron emission tomography.
3 Tagawa et al. Curr Oncol Rep. 2021; Steinhelfer et al. J Nucl Med. 2024.
4 Tagawa et al. Cancer. 2019.
5 Pepin et al. Pract Radiat Oncol. 2025.


FAQ

What did Telix (TLX) announce about FDA alignment for the ProstACT Global Phase 3 trial on July 2, 2026?

Telix announced FDA agreement that ProstACT Global Phase 3 can progress to Part 2 in the U.S. According to Telix, the FDA accepted Part 1 safety data and aligned on the Part 2 protocol, statistical analysis plan, and ongoing safety monitoring framework.

How will TLX591-Tx be administered in the ProstACT Global Phase 3 Part 2 trial for TLX?

TLX591-Tx will be given in two doses, 14 days apart, with standard-of-care therapies. According to Telix, patients will receive TLX591-Tx combined with one randomized option: abiraterone, enzalutamide, or docetaxel within the Part 2 metastatic castration resistant prostate cancer cohort.

Is enrollment for Part 2 of Telix’s ProstACT Global Phase 3 trial already underway for TLX?

Yes, Part 2 continues to recruit patients in regions where regulatory approval is in place. According to Telix, enrollment remains open and is described as continuing strongly in jurisdictions that have already authorized Part 2 of the ProstACT Global study.

What regulatory steps remain before ProstACT Global Part 2 can start in the United States for TLX?

U.S. initiation of Part 2 depends on FDA review of an Investigational New Drug amendment. According to Telix, this IND amendment will be submitted following FDA alignment and will also be coordinated with a pending regulatory submission to begin ProstACT Global in Europe.

How might the TLX591-Tx treatment schedule affect prostate cancer therapy planning in the ProstACT Global trial?

TLX591-Tx is delivered over about two weeks, potentially easing integration into existing regimens. According to Telix comments, physicians may be able to layer this radiopharmaceutical therapy with minimal interruption, preserving flexibility to sequence other treatments for metastatic prostate cancer patients.