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Telix Completes Enrollment in Phase 3 BiPASS Study, Aligns with FDA on NDA Pathway

(Neutral)
(Positive)

Telix (ASX: TLX, NASDAQ: TLX) has completed enrollment of 350 patients in the Phase 3 BiPASS™ study, evaluating Illuccix® and Gozellix® (68Ga-PSMA-11 PET) combined with MRI for prostate cancer imaging in the pre-biopsy setting in the U.S. and Australia.

BiPASS is described as the first registrational 68Ga-PSMA-PET study in this setting and is designed to assess diagnostic performance, biopsy avoidance, and biopsy targeting versus current practice. Telix has also aligned with the U.S. FDA on an NDA pathway that, if approved, could support reimbursement as a new product and broaden access to 68Ga-PSMA-PET imaging for a substantially larger patient population, potentially building on prior PRIMARY and PRIMARY2 data.

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Positive

  • BiPASS Phase 3 enrollment completed with 350 patients in the U.S. and Australia
  • FDA alignment on NDA pathway for BiPASS that could support new-product reimbursement in the U.S.
  • First registrational pre-biopsy 68Ga-PSMA-PET study positioning Illuccix and Gozellix in an earlier diagnostic setting

Negative

  • None.

Market Context

Across five tag-specific clinical-trial events, the historical average move was 0.4%. That record fr...
Analysis

Across five tag-specific clinical-trial events, the historical average move was 0.4%. That record frames BiPASS enrollment as a milestone rather than an outcome; risks include pending approval and the article’s stated image-interpretation limitations.

Key Figures

Patients enrolled: 350 patients Annual prostate biopsies: more than 3 million Negative biopsies: up to 75% +5 more
8 metrics
Patients enrolled 350 patients Phase 3 BiPASS study
Annual prostate biopsies more than 3 million Globally each year
Negative biopsies up to 75% Of prostate biopsies
Patients declining biopsy approximately one in four Declining a physician recommendation
Biopsy reduction almost 50% PRIMARY and PRIMARY2 studies
Safety evaluation population 960 patients PSMA-PreRP and PSMA-BCR studies
Average injected activity 188.7 ± 40.7 MBq Gallium Ga 68 gozetotide
VISION study population 1003 patients One dose of gallium Ga 68 gozetotide

Previous Clinical trial Reports

5 past events · Latest: Jul 20 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jul 20 Phase 3 trial initiation Positive +3.9% First patient dosed in Phase 3 LUTEON trial for relapsed or recurrent renal cancer
Jul 01 FDA trial alignment Positive +0.3% FDA supported advancing ProstACT Global Phase 3 Part 2 in the United States
Jun 01 Phase 3 trial data Positive -2.8% ProstACT Global Phase 3 Part 1 results presented in a late-breaking ASCO oral session
Apr 21 Phase 3 trial presentation Positive +1.0% ProstACT Global Phase 3 Part 1 data selected for late-breaking ASCO 2026 presentation
Apr 14 Phase 3 trial initiation Positive -0.4% First patient dosed in pivotal Phase 3 IPAX-BrIGHT trial for recurrent glioblastoma

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 were more often aligned than divergent, although the historical record included both positive and negative reactions.

Key Terms

new drug application, psma-pet, open-label, histopathological evaluation, +1 more
5 terms
new drug application regulatory
"a New Drug Application (NDA) pathway in the U.S."
A new drug application is a formal request submitted to government regulators seeking approval to market a new medicine. It is like a detailed proposal that shows the drug has been tested for safety and effectiveness. For investors, receiving approval signals that the drug may soon become available for sale, potentially leading to revenue growth and impacting the company's value.
psma-pet medical
"broaden access to 68Ga-PSMA-PET imaging"
A PSMA-PET scan is a medical imaging test that uses a tiny radioactive tracer that sticks to a protein commonly found on prostate cancer cells, allowing a PET scanner to highlight tumors and metastases like a GPS map for cancer. It matters to investors because it can change how accurately disease is detected and staged, influence treatment choices, and drive demand, reimbursement and sales for imaging agents, scanners and related services.
open-label technical
"this prospective, open-label Phase 3 trial"
Open-label describes a situation where everyone involved in a study or process knows the full details, such as who is receiving a treatment or intervention. For investors, understanding whether a project or product is open-label helps gauge the level of transparency and potential biases, influencing trust and decision-making. It’s like knowing whether a test or experiment is conducted openly or behind closed doors.
histopathological evaluation medical
"may include histopathological evaluation of the suspected prostate cancer site"
Examination of tissue samples under a microscope by a trained pathologist to identify disease, changes caused by a condition or a treatment, and any signs of damage or healing; this often uses special stains and standardized scoring to make findings objective and reproducible. It matters to investors because histopathological evaluation provides direct biological evidence about a drug or device’s effect and safety—like a close-up photo that shows whether treatment produced the intended change in tissues.
androgen deprivation therapy medical
"Androgen deprivation therapy (ADT) and other therapies"
Androgen deprivation therapy is a medical treatment that lowers or blocks male hormones (androgens) to slow the growth of hormone-sensitive cancers, most commonly prostate cancer. Think of it as cutting off the fuel a fire needs so the blaze slows; for investors, changes in ADT use, new ADT drugs, or clinical trial results can affect demand for medications, device procedures, safety profiles and long-term revenue for healthcare companies.

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  • The Phase 3 BiPASS™ study of Illuccix® and Gozellix® for prostate cancer imaging in the pre-biopsy setting has completed enrollment of 350 patients.
  • Telix has positively engaged with the FDA on a New Drug Application (NDA) pathway in the U.S. that would support new product reimbursement and broaden access to 68Ga-PSMA-PET imaging across a significantly larger patient population.
  • BiPASS is designed to evaluate the diagnostic performance of 68Ga-PSMA-11 PET combined with MRI for the detection of prostate cancer prior to biopsy.

MELBOURNE, Australia and INDIANAPOLIS, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ: TLX, “Telix”) today announced completion of patient enrollment in the Phase 3 BiPASS™ study of its commercial PSMA-PET1 imaging agents, Illuccix® (kit for the preparation of gallium Ga68 gozetotide injection) and Gozellix® (kit for the preparation of gallium Ga68 gozetotide injection) for prostate cancer imaging in the pre-biopsy setting. Telix has also aligned with the United States (U.S.) Food and Drug Administration (FDA) on a New Drug Application (NDA) pathway for BiPASS that, if approved, would support reimbursement as a new product and broaden patient access.

BiPASS (Biopsy of the Prostate Avoidance Stratification Study2) is the first registrational study of 68Ga-PSMA-PET imaging in the pre-biopsy setting. The study aims to evaluate whether the combination of MRI3 and PSMA-PET/CT4 with Telix’s proprietary 68Ga-PSMA-PET agents can further improve diagnostic accuracy, reduce unnecessary biopsies, or improve targeting of biopsy compared with current standard practice. A total of 350 patients were enrolled in the U.S. and Australia in this prospective, open-label Phase 3 trial.

Globally, more than three million prostate biopsies are performed each year5, yet up to 75% are found to be negative6. Patient compliance remains a significant clinical challenge with approximately one in four patients declining a physician recommendation to undergo biopsy7. Biopsy is often stressful and painful, may lead to complications, and delivers no real diagnostic benefit for many patients8.

BiPASS builds on the clinical foundation established by the landmark PRIMARY9 and PRIMARY210 studies, which demonstrated that combining 68Ga-PSMA-PET imaging with MRI can significantly improve the detection of clinically significant prostate cancer while reducing unnecessary biopsies by almost 50 percent. If BiPASS meets its primary objectives, the data, alongside evidence from PRIMARY and PRIMARY2, have the potential to shift 68Ga-PSMA-PET beyond its current use in initial staging and secondary re-staging at disease recurrence and establish precision imaging as a critical step in initial diagnosis. Earlier and more accurate identification of clinically significant disease could improve patient selection and treatment decisions, reduce unnecessary biopsies, and potentially decrease the long-term patient burden and healthcare cost of prostate cancer recurrence. Successful implementation of BiPASS could broaden access to 68Ga-PSMA-PET imaging across a substantially larger patient population.

Professor Louise Emmett, Director of Theranostics and Nuclear Medicine, St Vincent’s Hospital and BiPASS Investigator, said, “Completing patient enrollment in BiPASS is an important milestone for men with suspected prostate cancer, particularly those with equivocal MRI findings. The PRIMARY and PRIMARY2 studies demonstrated that 68Ga-PSMA-PET, when used alongside MRI, can safely halve the number of biopsies required without missing clinically significant prostate cancer. BiPASS now has the potential to fundamentally change the current standard of care, streamlining the diagnostic pathway, accelerating treatment decision-making and helping to ensure that men receive the most appropriate therapy earlier in their treatment journey.”

Dr. Brian Mazzarella, Vice President of Research for Urology America and BiPASS Investigator added, “PSMA-PET imaging with tracers such as Illuccix and Gozellix has already changed how we stage and manage prostate cancer. By combining the functional information from PSMA-PET with the detailed anatomic information provided by MRI, we have an unprecedented opportunity to improve the detection of clinically significant prostate cancer and guide more informed diagnostic decisions. For patients, this approach has the potential to reduce unnecessary procedures, lower procedural risk, ease anxiety, and ultimately enable more precise, individualized treatment decision-making.”

Dr. David N. Cade, Telix Group Chief Medical Officer, commented, “Recruitment of BiPASS was completed rapidly, reflecting strong enthusiasm from clinicians and patients for a more accurate, non-invasive approach to diagnosis. We believe BiPASS may represent a transformative event in the management of prostate cancer, alongside the compelling data from the PRIMARY studies. Instead of asking how best to stage prostate cancer, clinicians may increasingly use advanced imaging to determine which men need to undergo biopsy in the first place. Telix is uniquely positioned to define and lead this patient-first approach that, if approved, would represent a new clinical application with a reimbursement pathway that facilitates much broader patient access to gallium-based PSMA-PET.”

About Illuccix® (kit for the preparation of gallium Ga 68 gozetotide injection)

Illuccix, after radiolabeling with 68Ga, is indicated for PET scanning of PSMA positive lesions in men with prostate cancer who have suspected metastasis and are candidates for initial definitive therapy, those with suspected recurrence based on elevated serum prostate-specific antigen (PSA) level, and for selection of patients who are indicated for PSMA-directed therapy as described in the prescribing information of the therapeutic products.

IMPORTANT SAFETY INFORMATION
WARNINGS AND PRECAUTIONS

Risk for Misinterpretation
Image interpretation errors can occur with Illuccix PET. A negative image does not rule out the presence of prostate cancer, and a positive image does not confirm the presence of prostate cancer. Gallium Ga 68 gozetotide uptake is not specific for prostate cancer and may occur with other types of cancer as well as non-malignant processes such as Paget’s disease, fibrous dysplasia, and osteophytosis. Clinical correlation, which may include histopathological evaluation of the suspected prostate cancer site, is recommended.

Imaging Prior to Initial Definitive or Suspected Recurrence Therapy
The performance of Illuccix for imaging of biochemically recurrent prostate cancer seems to be affected by serum PSA levels and by site of disease. The performance of Illuccix for imaging of metastatic pelvic lymph nodes prior to initial definitive therapy seems to be affected by Gleason score.

Radiation Risks
Gallium Ga 68 gozetotide contributes to a patient’s overall long-term cumulative radiation exposure. Long-term cumulative radiation exposure is associated with an increased risk for cancer. Ensure safe handling to minimize radiation exposure to the patient and healthcare providers. Advise patients to hydrate before and after administration and to void frequently after administration.

ADVERSE REACTIONS
The safety of gallium Ga 68 gozetotide was evaluated in 960 patients in the PSMA-PreRP and PSMA-BCR studies, each receiving one dose of gallium Ga 68 gozetotide. The average injected activity was 188.7 ± 40.7 MBq (5.1 ± 1.1 mCi). The most commonly reported adverse reactions were nausea, diarrhea, and dizziness, occurring at a rate of <1%.

In the VISION study, 1003 patients received one dose of gallium Ga 68 gozetotide intravenously with the amount of radioactivity 167.1 ± 23.1 MBq (4.52 ± 0.62 mCi). Adverse reactions occurring at ≥0.5% in patients with metastatic prostate cancer who received gallium Ga 68 gozetotide injection in the clinical study were fatigue (1.2%), nausea (0.8%), constipation (0.5%), and vomiting (0.5%).
Adverse reactions occurring at a rate of < 0.5% in the VISION study were diarrhea, dry mouth, injection site reactions, including injection site hematoma and injection site warmth and chills.

Injection site pain has been identified during post-approval use of ILLUCCIX.

DRUG INTERACTIONS
Androgen deprivation therapy and other therapies targeting the androgen pathway
Androgen deprivation therapy (ADT) and other therapies targeting the androgen pathway, such as androgen receptor antagonists, can result in changes in uptake of gallium Ga 68 gozetotide in prostate cancer. The effect of these therapies on performance of gallium Ga 68 gozetotide PET has not been established.

Please note that this information is not comprehensive.
Please see the Full Prescribing Information here.

About Gozellix® (kit for the preparation of gallium Ga 68 gozetotide injection)

Gozellix, after radiolabeling with 68Ga, is indicated for PET scanning of PSMA positive lesions in men with prostate cancer who have suspected metastasis and are candidates for initial definitive therapy, and those with suspected recurrence based on elevated serum prostate-specific antigen (PSA) level.

IMPORTANT SAFETY INFORMATION
WARNINGS AND PRECAUTIONS

Risk for Misinterpretation
Image interpretation errors can occur with GOZELLIX PET. A negative image does not rule out the presence of prostate cancer, and a positive image does not confirm the presence of prostate cancer. Gallium Ga-68 gozetotide uptake is not specific for prostate cancer and may occur with other types of cancer as well as non-malignant processes such as Paget’s disease, fibrous dysplasia, and osteophytosis. Clinical correlation, which may include histopathological evaluation of the suspected prostate cancer site, is recommended.

Imaging Prior to Initial Definitive or Suspected Recurrence Therapy
The performance of GOZELLIX for imaging of biochemically recurrent prostate cancer seems to be affected by serum PSA levels and by site of disease. The performance of GOZELLIX for imaging of metastatic pelvic lymph nodes prior to initial definitive therapy seems to be affected by Gleason score.

Radiation Risks
Gallium Ga-68 gozetotide contributes to a patient’s overall long-term cumulative radiation exposure. Long-term cumulative radiation exposure is associated with an increased risk for cancer. Ensure safe handling to minimize radiation exposure to the patient and healthcare providers. Advise patients to hydrate before and after administration and to void frequently after administration.

Hypersensitivity Reactions to Sulfites
Ascorbic Acid Stabilizer contains sodium metabisulfite, a sulfite that may cause allergic-type reactions including anaphylactic symptoms and life-threatening or less severe asthmatic episodes in certain susceptible people. The overall prevalence of sulfite sensitivity in the general population is unknown and probably low. Sulfite sensitivity is seen more frequently in asthmatic than in non-asthmatic people.

ADVERSE REACTIONS
The safety of gallium Ga-68 gozetotide was evaluated in 960 patients in the PSMA-PreRP and PSMABCR studies, each receiving one dose of gallium Ga-68 gozetotide. The average injected activity was 188.7 ± 40.7 MBq (5.1 ± 1.1 mCi). The most commonly reported adverse reactions were nausea, diarrhea, and dizziness, occurring at a rate of <1%.

DRUG INTERACTIONS
Androgen deprivation therapy and other therapies targeting the androgen pathway Androgen deprivation therapy (ADT) and other therapies targeting the androgen pathway, such as androgen receptor antagonists, can result in changes in uptake of gallium Ga-68 gozetotide in prostate cancer. The effect of these therapies on performance of gallium Ga-68 gozetotide PET has not been established.

Please note that this information is not comprehensive.
Please see the Full Prescribing Information here.

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®, commercially available in 22 countries including the U.S. and Gozellix®, approved by the FDA. The Company's late-stage therapeutic pipeline includes three investigational assets in pivotal-stage trials: TLX591-Tx (lutetium-177 (177Lu) rosopatamab tetraxetan) in prostate cancer, TLX101-Tx (131I-iodofalan) in recurrent glioblastoma, and TLX250-Tx (lutetium (177Lu) girentuximab tetraxetan) in kidney cancer, additionally complemented by a deep pipeline of next generation candidates.

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
Media
 
Annie Kasparian 
annie.kasparian@telixpharma.com
Eliza Schleifstein
917.763.8106 (Mobile)
Eliza@schleifsteinpr.com
 
Charlene Jaw
charlene.jaw@telixpharma.com
  
   

This announcement has been authorized for release by the Telix Pharmaceuticals Limited 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, 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 Imaging of prostate-specific membrane antigen with positron emission tomography.
2 ClinicalTrials.gov ID: NCT07052214.
3 Magnetic resonance imaging.
4 Imaging of prostate-specific membrane antigen with positron emission tomography/computed tomography.
5 Hu et al. JAMA Oncol. 2024.
6 Vickers et al. J Clin Oncol. 2010.
7 Schaufler C et al. Urologic Oncology: Seminars and Original Investigations. 2022.
8 Durkan G et al. Prostate Cancer Prostatic Dis. 2000.
9 Emmett et al., Eur Urol. 2021.
10 Buteau et al. Lancet Oncol. 2026. ClinicalTrials.gov ID: NCT05154162.


FAQ

What did Telix (TLX) announce about the Phase 3 BiPASS study in September 2026?

Telix announced completion of patient enrollment in the Phase 3 BiPASS study with 350 men. According to Telix, BiPASS evaluates Illuccix and Gozellix 68Ga-PSMA-PET combined with MRI for prostate cancer imaging in the pre-biopsy setting across sites in the U.S. and Australia.

How many patients are enrolled in Telix’s BiPASS Phase 3 trial for Illuccix and Gozellix (TLX)?

BiPASS has enrolled a total of 350 patients. According to Telix, this prospective, open-label Phase 3 trial recruited men in the U.S. and Australia to evaluate 68Ga-PSMA-PET plus MRI for detecting prostate cancer before biopsy and assessing biopsy avoidance and targeting.

What is the FDA NDA pathway Telix (TLX) aligned on for the BiPASS program?

Telix has aligned with the U.S. FDA on a New Drug Application pathway for BiPASS. According to Telix, if approved, this NDA route would support reimbursement as a new product and may broaden patient access to 68Ga-PSMA-PET imaging for prostate cancer diagnosis.

How could the BiPASS study impact prostate biopsy practices for Telix’s 68Ga-PSMA-PET agents (TLX)?

If BiPASS meets its primary objectives, Telix suggests it could help reduce unnecessary biopsies and improve biopsy targeting. According to Telix, combining 68Ga-PSMA-PET with MRI may enhance detection of clinically significant prostate cancer compared with current standard diagnostic pathways.

What makes Telix’s BiPASS trial unique in the 68Ga-PSMA-PET imaging landscape (TLX)?

BiPASS is described as the first registrational study of 68Ga-PSMA-PET imaging in the pre-biopsy setting. According to Telix, it builds on PRIMARY and PRIMARY2 data and evaluates whether Illuccix and Gozellix plus MRI can improve diagnostic accuracy and guide biopsy decisions.

What are Illuccix and Gozellix used for in Telix’s BiPASS study (TLX)?

Illuccix and Gozellix are 68Ga-PSMA-11 PET imaging kits used to detect PSMA-positive prostate cancer lesions. According to Telix, in BiPASS they are combined with MRI to assess prostate cancer detection prior to biopsy and explore potential reductions in unnecessary biopsy procedures.