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OPTIMAL-PSMA Trial of TLX597-Tx Next Generation RLT Presented at IPCS 2026 Highlighting Therapeutic Potential in Prostate Cancer

(Moderate)
(Positive)
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Telix (ASX: TLX, NASDAQ: TLX) presented Phase 2 OPTIMAL-PSMA dosimetry data for TLX597-Tx at IPCS 2026 showing low salivary gland and kidney uptake and comparatively higher tumor uptake. Findings support dose intensification, potential improved tolerability, and initiation of a Phase 2 OPTIMAL-E study in earlier-stage mHSPC.

The randomized 120-patient OPTIMAL-PSMA trial used an intensified 8.5 GBq per-cycle regimen and compared safety, dosimetry and efficacy versus a standard schedule; TLX597-Tx and TLX591-Tx remain unapproved.

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Positive

  • Low salivary gland and kidney uptake observed in OPTIMAL-PSMA dosimetry
  • Higher tumor uptake versus existing PSMA RLTs, supporting a wider therapeutic window
  • OPTIMAL-PSMA used an intensified 8.5 GBq per-cycle regimen (day 1, 3, 15) enabling dose intensification
  • Telix initiating OPTIMAL-E Phase 2 in mHSPC to study TLX597-Tx in earlier-stage disease

Negative

  • No marketing authorization for TLX597-Tx or TLX591-Tx in any jurisdiction
  • OPTIMAL-PSMA results are dosimetry-focused; efficacy and long-term safety outcomes not yet reported
  • Data come from a Phase 2 investigator-initiated trial (IIT), not a completed pivotal study

News Market Reaction – TLX

+5.47%
+5.47% Session close to close

In the Apr 30 session, TLX gained 5.47%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.5% in the session following this news. A strong positive reaction aligns with Tel...
Analysis

The stock moved +5.5% in the session following this news. A strong positive reaction aligns with Telix’s pattern of favorable responses to major clinical and strategic updates, as seen after prior regulatory and partnership news that produced several aligned upside moves. However, the stock traded 45.08% below its 52-week high before this article, which may temper how far enthusiasm extends. Investors have previously reacted less positively to some trial initiations, suggesting that follow-on data and execution risks could still influence sustainability.

Key Figures

Phase 2 OPTIMAL-PSMA sample size: 120 men Randomization ratio: 2:1 Dose per cycle: 8.5 GBq +5 more
8 metrics
Phase 2 OPTIMAL-PSMA sample size 120 men Advanced mCRPC trial, randomized on a 2:1 basis
Randomization ratio 2:1 Intensified TLX597-Tx regimen vs standard dose schedule
Dose per cycle 8.5 GBq Higher activity per cycle in intensified TLX597-Tx regimen
Dose schedule (initial) Day 1, 3 and 15 Initial intensified dosing schedule for TLX597-Tx
Further dosing cycles Three cycles 10-weekly dosing for three additional cycles
OPTIMAL-PSMA phase Phase 2 Randomized trial in metastatic castration-resistant prostate cancer
ProstACT Global phase Phase 3 TLX591-Tx in mCRPC
Webcast time (AEST) 9:30 a.m. Company webcast on April 30, 2026

Historical Context

5 past events · Latest: Apr 21 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Apr 21 Clinical data update Positive +1.2% ASCO 2026 late-breaking safety and tolerability data for ProstACT Global Part 1.
Apr 14 Clinical trial start Positive -0.4% First patient dosed in Phase 3 IPAX-BrIGHT trial for recurrent glioblastoma.
Apr 13 Strategic partnership Positive +6.6% 50/50 co-development and co-commercialization radiopharma deal with Regeneron.
Apr 09 Regulatory milestone Positive +7.5% FDA acceptance of resubmitted NDA for TLX101-Px with set PDUFA goal date.
Apr 08 Board changes Positive +0.2% Appointment of two new Non-Executive Directors to strengthen governance and expertise.

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

Pattern Detected

Recent Telix news has mostly led to positive price reactions, especially for major partnerships and regulatory milestones, with one divergence on a clinical trial start.

Recent Company History

Over recent months Telix has reported several significant developments, including a strategic collaboration with Regeneron, an FDA NDA acceptance for TLX101-Px with a September 11, 2026 PDUFA goal date, and board expansion effective May 11, 2026. Clinical momentum includes selection of ProstACT Global Phase 3 Part 1 as a late-breaking abstract at ASCO 2026 and first dosing in the Phase 3 IPAX-BrIGHT glioblastoma trial. The new OPTIMAL-PSMA Phase 2 dosimetry data fits this pattern of advancing a diversified radiopharma pipeline across multiple indications.

Key Terms

radioligand therapy, psma, dosimetry, xerostomia, +3 more
7 terms
radioligand therapy medical
"small molecule radioligand therapy (RLT) candidate, designed to improve"
A treatment that uses a small molecule or antibody designed to seek out specific cells and deliver a tiny dose of radiation directly to them, like a guided missile carrying a limited explosive to a particular target rather than carpeting an area. Investors care because successful radioligand therapies can become high-value prescription products with clear market niches, regulatory hurdles, and reimbursement decisions that strongly affect a developer’s revenue and risk profile.
psma medical
"TLX597-Tx is a PSMA1-targeting small molecule radioligand therapy"
Prostate-specific membrane antigen (PSMA) is a protein on the surface of prostate cells that becomes much more common on many prostate cancer cells, acting like a biological “flag” that helps locate or attach to tumors. Investors care because diagnostic scans and drugs that detect or bind to PSMA can improve diagnosis and treatment; success or failure of those products often has a direct financial impact on the companies developing them.
dosimetry medical
"OPTIMAL-PSMA2 initial dosimetry data demonstrate low salivary gland"
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.
xerostomia medical
"may lower the incidence of xerostomia (dry mouth) and renal toxicity"
Xerostomia is the medical term for chronic dry mouth, where saliva production is reduced and the mouth feels persistently parched, like having a cotton ball in the mouth after dehydration. It matters to investors because it can be a common side effect of drugs, radiation or disease that drives demand for treatments, affects patient quality of life and medication adherence, and can shape clinical trial outcomes and regulatory decisions in healthcare markets.
renal toxicity medical
"may lower the incidence of xerostomia (dry mouth) and renal toxicity"
Damage to the kidneys caused by a drug, chemical, or medical treatment that impairs their ability to filter waste and balance fluids — like a water filter becoming clogged or cracked. Investors pay attention because signs of kidney harm can stop or delay clinical trials, prompt regulatory restrictions, require costly additional studies or monitoring, or limit a product’s market use, all of which can reduce expected revenue and increase development costs.
mcrpc medical
"Phase 3 in mCRPC3) and TLX597-Tx intended for earlier-stage mHSPC4"
mCRPC stands for metastatic castration‑resistant prostate cancer, a form of prostate cancer that has spread beyond the prostate and keeps progressing despite treatments that lower male hormones. It matters to investors because this stage is harder to treat, drives demand for new therapies, and often involves large, expensive clinical trials and regulatory decisions that can strongly influence a drug maker’s future revenue and stock value—think of it as a stubborn problem that creates both medical need and commercial opportunity.
antibody-drug conjugate medical
"TLX591-Tx radio antibody-drug conjugate (rADC) in combinations"
An antibody-drug conjugate is a targeted medicine that combines an antibody, which can identify specific cells, with a powerful drug designed to destroy those cells. This approach allows for precise treatment, minimizing damage to healthy tissue. For investors, developments in this area can signal advances in cancer therapies and potential growth opportunities in the biotech sector.

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

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  • TLX597-Tx is a PSMA1-targeting small molecule radioligand therapy (RLT) candidate, designed to improve quality-of-life and efficacy in earlier-stage prostate cancer.
  • OPTIMAL-PSMA2 initial dosimetry data demonstrate low salivary gland and kidney uptake, supporting dose intensification.
  • Telix is developing two distinct prostate therapeutic programs, tailored to disease stage and patient condition: TLX591-Tx radio antibody-drug conjugate (rADC) in combinations with standard of care (Phase 3 in mCRPC3) and TLX597-Tx intended for earlier-stage mHSPC4.
  • Webcast today: Thursday, April 30, at 9:30 a.m. AEST (Wednesday, April 29, at 7:30 p.m. EDT). Register here: https://s1.c-conf.com/diamondpass/10053985-675tre.html

MELBOURNE, Australia and INDIANAPOLIS, April 30, 2026 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ: TLX, “Telix”) today announces dosimetry results from the randomized Phase 2 OPTIMAL-PSMA trial of TLX597-Tx in metastatic castration-resistant prostate cancer (mCRPC), presented at the 2026 International Prostate Cancer Symposium (IPCS 2026) held in Lugano, Switzerland. These findings support TLX597-Tx’s potential to deliver a treatment that overcomes quality-of-life challenges that currently limit the clinical utility of existing RLTs in earlier-stage metastatic prostate cancer.

TLX597-Tx (177Lu-DOTA-HYNIC-panPSMA) is a novel PSMA-targeting small molecule RLT candidate with a highly favorable dosimetry profile. Significantly reduced radiation exposure to healthy organs, including the salivary glands and kidneys5, may lower the incidence of xerostomia (dry mouth) and renal toxicity and support better tolerability for patients. This dosimetry profile combined with higher tumor uptake compared to existing PSMA RLTs may deliver a wider therapeutic window and enable dose intensification to maximize tumor control while preserving patient quality-of-life.

OPTIMAL-PSMA is an open-label, multi-center, randomized, Phase 2 investigator-initiated trial (IIT) led by Professor Louise Emmett at St Vincent’s Hospital in Sydney, Australia. The study is evaluating the safety, dosimetry, and efficacy of an intensified dosing regimen of TLX597-Tx compared with a standard dose schedule in 120 men with advanced mCRPC, randomized on a 2:1 basis. The novel dose-intensification regimen delivers higher activity per cycle (8.5 GBq), delivered on day 1, day 3 and day 15, followed by 10-weekly dosing for three further cycles. The study aims to confirm that a dose intensified TLX597-Tx regimen will maximize the radiation dose to cancerous lesions when they are most vulnerable to damage and therefore improve overall response to treatment.

Telix believes these dosimetry data support further evaluation of TLX597-Tx in earlier-stage disease and is initiating OPTIMAL-E, a Phase 2 study in androgen pathway-sensitive prostate cancer (mHSPC).

Principal Investigator for OPTIMAL-PSMA, Professor Louise Emmett, commented, “The goal of OPTIMAL-PSMA is to identify a dose regimen for TLX597-Tx that leads to deeper and longer responses without increasing toxicity for men with metastatic prostate cancer. We look forward to starting the Phase 2 OPTIMAL-E trial soon.”

Dr. David N. Cade, Group Chief Medical Officer at Telix, added, “These encouraging dosimetry results from OPTIMAL-PSMA, combined with earlier exploratory work6, are very promising and highlight TLX597-Tx’s potential to substantially increase the tumor dose while minimizing radiation to sensitive organs. For people living with earlier-stage metastatic disease, preserving quality-of-life alongside effective cancer control is mandatory. These findings support further study in mHSPC and reinforce Telix’s strategy to develop differentiated PSMA-targeting therapies, so clinicians may be able to tailor treatment choice to the patient’s disease stage and individual condition.”

TLX597-Tx is being developed alongside TLX591-Tx (lutetium-177 (177Lu) rosopatamab tetraxetan), Telix’s lead antibody-based prostate cancer therapy candidate, currently the subject of the Phase 3 ProstACT Global7 trial in mCRPC, which is actively dosing patients in jurisdictions with regulatory approval and recently reported data from a safety and dosimetry lead-in8. TLX591-Tx and TLX597-Tx exhibit complementary modes-of-action, suggesting the potential for distinct applications in mCRPC and mHSPC settings as part of Telix’s portfolio approach to treating prostate cancer. TLX591-Tx and TLX597-Tx have not received marketing authorization in any jurisdiction.

To view the webcast slides, click here.

About Telix Pharmaceuticals Limited

Telix is a global biopharmaceutical company focused on the development and commercialization of radiopharmaceuticals with the goal of addressing significant unmet medical need in oncology and rare diseases. Telix is headquartered in Melbourne (Australia) with international operations in the United States, United Kingdom, Brazil, Canada, Europe (Belgium and Switzerland) and Japan. Telix is listed on the Australian Securities Exchange (ASX: TLX) and the Nasdaq Global Select Market (NASDAQ: TLX).

Visit www.telixpharma.com for further information about Telix, including details of the latest share price, ASX and U.S. Securities and Exchange Commission (SEC) filings, investor and analyst presentations, news releases, event details and other publications that may be of interest. You can also follow Telix on LinkedIn, X and Facebook.

Telix Investor Relations (Global)

Ms. Kyahn Williamson
SVP Investor Relations and Corporate Communications
kyahn.williamson@telixpharma.com
Telix Investor Relations (Australia)

Ms. Charlene Jaw
Associate Director Investor Relations
charlene.jaw@telixpharma.com
Telix Investor Relations (U.S.)  

Ms. Annie Kasparian  
Director Investor Relations and Corporate Communications  
annie.kasparian@telixpharma.com 
   
Media Contact

Eliza Schleifstein
917.763.8106 (Mobile)
Eliza@schleifsteinpr.com
  
   


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, 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, including as a result of war or other geopolitical conflicts; 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 Prostate-specific membrane antigen.
2 Australian New Zealand Clinical Trials Registry ID: ACTRN12625000971437.
3 Metastatic castration-resistant prostate cancer.
4 Metastatic hormone-sensitive prostate cancer.
5 Steinhelfer et al. J Nucl Med. 2024.
6 Omar et al., presented at the European Association of Nuclear Medicine 2025 Annual Congress.
7 ClinicalTrials.gov ID: NCT06520345.
8 Telix ASX disclosure March 10, 2026.


FAQ

What did Telix (TLX) report about TLX597-Tx dosimetry at IPCS 2026?

TLX597-Tx showed reduced radiation to salivary glands and kidneys with higher tumor uptake. According to Telix, OPTIMAL-PSMA dosimetry supports dose intensification that may improve tolerability while increasing tumor dose for mCRPC patients.

How does the OPTIMAL-PSMA dosing regimen for TLX597-Tx differ from standard schedules?

OPTIMAL-PSMA uses an intensified 8.5 GBq per-cycle regimen delivered on days 1, 3 and 15. According to Telix, this schedule aims to maximize radiation when lesions are most vulnerable and then resume 10-weekly dosing for subsequent cycles.

Will TLX597-Tx be tested in earlier-stage prostate cancer (mHSPC)?

Yes, Telix is initiating a Phase 2 OPTIMAL-E trial in mHSPC to evaluate TLX597-Tx earlier in disease. According to Telix, dosimetry findings from OPTIMAL-PSMA support further study in androgen pathway-sensitive prostate cancer.

Are TLX597-Tx or TLX591-Tx approved for clinical use now?

No, neither TLX597-Tx nor TLX591-Tx have marketing authorization in any jurisdiction. According to Telix, TLX591-Tx is in a Phase 3 ProstACT Global trial while TLX597-Tx is in Phase 2 development.

What patient population was enrolled in the OPTIMAL-PSMA trial for TLX597-Tx?

OPTIMAL-PSMA randomized 120 men with advanced metastatic castration-resistant prostate cancer (mCRPC) on a 2:1 basis. According to Telix, the study is open-label, multi-center, and investigator-initiated led from St Vincent’s Hospital, Sydney.

How might TLX597-Tx’s dosimetry profile affect quality of life for patients?

Reduced salivary gland and kidney uptake may lower xerostomia and renal toxicity risk, potentially preserving quality of life. According to Telix, the profile could allow higher tumor doses while aiming to maintain tolerability in earlier-stage patients.