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Telix Doses First Patient in Phase 3 LUTEON Trial of TLX250-Tx for Renal Cancer

(Neutral)
(Positive)

Telix (ASX: TLX, NASDAQ: TLX) has dosed the first patient in the Phase 3 LUTEON trial of TLX250-Tx (lutetium-177 girentuximab tetraxetan) for relapsed or recurrent clear cell renal cell carcinoma (ccRCC). LUTEON is a randomized, prospective, open-label, multi-center study and is described as the first Phase 3 radiopharmaceutical therapy trial in ccRCC targeting carbonic anhydrase IX (CAIX).

The first patient was treated at GenesisCare Murdoch in Western Australia under Principal Investigator Dr. Aviral Singh. TLX250-Tx is a first-in-class CAIX-targeting radio antibody-drug conjugate designed to deliver lutetium-177 directly to CAIX-positive tumors, which Telix notes are present in more than 95% of ccRCC cases while showing limited expression in normal tissues. The LUTEON program is part of Telix’s global development strategy and uses the investigational PET imaging agent TLX250-Px (Zircaix) to identify CAIX-positive patients.

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Positive

  • First patient dosed in Phase 3 LUTEON trial for TLX250-Tx in relapsed or recurrent ccRCC
  • TLX250-Tx positioned as first-in-class CAIX-targeting rADC therapy candidate in kidney cancer
  • High CAIX expression reported in more than 95% of ccRCC, supporting a broad biological target
  • Global development program includes Phase 3 LUTEON and separate Phase 2a LUTEON ATLAS study

Negative

  • TLX250-Tx and TLX250-Px have not received marketing authorization in any jurisdiction
  • LUTEON trial remains in progress, so no efficacy or safety outcomes are yet available for investors

News Market Reaction – TLX

+3.90%
+3.90% Session close to close

In the Jul 21 session, TLX gained 3.90%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Tag-specific clinical-trial history averaged 0.75% across 5 events, adding a mixed historical benchm...
Analysis

Tag-specific clinical-trial history averaged 0.75% across 5 events, adding a mixed historical benchmark to this first-patient dosing announcement. The main risk remained clinical development execution, while Net Buying offered additional platform context.

Key Figures

Trial phase: Phase 3 CAIX expression: More than 95% RCC diagnosis share: Approximately 9 out of 10 diagnoses +5 more
8 metrics
Trial phase Phase 3 LUTEON1 study of TLX250-Tx
CAIX expression More than 95% Expression in clear cell renal cell carcinoma
RCC diagnosis share Approximately 9 out of 10 diagnoses Renal cell carcinoma among kidney cancer diagnoses
ccRCC share of RCC About 85% Clear cell renal cell carcinoma as a share of RCC cases
Metastatic disease at diagnosis Up to 30% Patients with ccRCC at diagnosis
5-year survival rate 20% Metastatic disease at diagnosis
Commercial availability 22 countries Illuccix availability including the United States
Pivotal-stage assets Three assets Telix late-stage therapeutic pipeline

Previous Clinical trial Reports

5 past events · Latest: Jul 01 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jul 01 FDA trial alignment Positive +0.3% FDA supported advancing Part 2 of the ProstACT Global Phase 3 trial.
Jun 01 Phase 3 trial data Positive -2.8% ProstACT Part 1 data showed acceptable safety and no new safety signals.
Apr 21 Phase 3 trial selection Positive +1.2% ProstACT safety and tolerability data were selected for an ASCO presentation.
Apr 14 First patient dosing Positive -0.4% The first patient was dosed in the pivotal IPAX-BrIGHT glioblastoma trial.
Mar 09 Trial objectives achieved Positive +5.5% ProstACT Part 1 met primary objectives with acceptable safety and predictable dosimetry.

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

Pattern Detected

Tag-specific clinical-trial announcements showed mixed reactions, with three aligned positively and two diverging negatively.

Key Terms

radiopharmaceutical therapy, theranostics, positron emission tomography, monoclonal antibody
4 terms
radiopharmaceutical therapy medical
"the first radiopharmaceutical therapy to enter Phase 3 development"
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.
theranostics medical
"Telix Pharmaceuticals is a commercial-stage global radiopharmaceutical company"
Theranostics combines a medical test with a targeted treatment so the same approach both finds disease and delivers therapy—like a guided missile that first locates a target then destroys it. For investors, it matters because pairing diagnosis and therapy can speed identification of patients who will benefit, reduce wasted treatments, create dual revenue streams (tests plus drugs), and alter regulatory and reimbursement dynamics that affect commercial potential.
positron emission tomography medical
"Positron emission tomography."
A positron emission tomography (PET) scan is an imaging test that uses a tiny amount of radioactive tracer injected into the body to map how organs and tissues are functioning, similar to watching traffic flow on a city map rather than just seeing roads. Investors care because PET technology and the tracers it uses are critical in developing and measuring the effectiveness of drugs, diagnosing diseases, and guiding treatment decisions, which can drive demand, regulatory scrutiny, and revenue for related healthcare companies.
monoclonal antibody medical
"a high-specificity monoclonal antibody chelated to the therapeutic radionuclide"
A monoclonal antibody is a laboratory-made protein designed to recognize and attach to a specific target in the body, such as a disease-causing substance or cell. It functions like a highly precise lock-and-key tool, helping to treat or detect illnesses. For investors, companies developing monoclonal antibodies can represent promising opportunities in the healthcare sector, especially as these treatments often address unmet medical needs.

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

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  • First patient dosed in Phase 3 LUTEON1 trial evaluating TLX250-Tx in relapsed or recurrent clear cell renal cell carcinoma (ccRCC).
  • LUTEON is the first Phase 3 study of a CAIX2-targeted radiopharmaceutical therapy in ccRCC.

MELBOURNE (Australia) and INDIANAPOLIS, July 21, 2026 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX: TLX, NASDAQ: TLX, “Telix”) today announced that the first patient has been dosed with TLX250-Tx (lutetium-177 (177Lu) girentuximab tetraxetan) in the LUTEON study, the first radiopharmaceutical therapy to enter Phase 3 development for ccRCC. LUTEON is a randomized, prospective, open label, multi-center study evaluating a CAIX-targeting radionuclide therapy in patients with relapsed or recurrent ccRCC.

The patient was dosed at GenesisCare Murdoch (Western Australia), under the supervision of Dr. Aviral Singh.

Dr. Aviral Singh, Clinical Head of Theranostics and Nuclear Medicine at GenesisCare Murdoch and Principal Investigator on the LUTEON trial, commented, “Dosing the first patient in the LUTEON study marks an important milestone in the development of potential new treatment options for patients with relapsed or recurrent clear cell renal cell carcinoma. Despite advances in care, outcomes remain poor for many patients, underscoring the need for innovative therapeutic approaches. This study will play a critical role in evaluating the safety, tolerability and efficacy of this investigational CAIX-targeted radiopharmaceutical for patients globally, and we look forward to helping advance the clinical evidence for this promising therapeutic candidate.”

Dr. David N. Cade, Telix Group Chief Medical Officer, added, “LUTEON represents the next stage in Telix’s global clinical development of TLX250-Tx and reflects our commitment to developing precision radiopharmaceuticals for patients with difficult-to-treat cancers. We aim to further evaluate the potential of TLX250-Tx that is designed to utilize the high prevalence of CAIX expression in ccRCC to deliver targeted radiation directly to tumor sites, while limiting exposure to healthy tissue.”

About TLX250-Tx
TLX250-Tx is a first-in-class CAIX-targeting rADC3 therapy candidate composed of a high-specificity monoclonal antibody chelated to the therapeutic radionuclide lutetium-177. CAIX is an attractive therapeutic target because it is expressed in more than 95% of ccRCC, while demonstrating limited expression in normal tissues, including kidney tissue4,5.

LUTEON is being run under a Phase 3 protocol in Australia and forms part of Telix's global development program for TLX250-Tx, which includes the separate Phase 2a LUTEON ATLAS study in the United States and Europe.

The LUTEON study utilizes Telix’s investigational PET6 imaging agent, TLX250-Px (Zircaix®7, zirconium-89 (89Zr) girentuximab senvedoxam), to identify eligible patients with CAIX-positive tumors.

About clear cell Renal Cell Carcinoma
Renal Cell Carcinoma, RCC, is the most common form of kidney cancer, accounting for approximately 9 out of 10 diagnoses8. Within this category, ccRCC is the most common and often the most aggressive subtype, representing about 85% of all RCC cases9 with up to 30% of patients presented with metastatic disease at diagnosis, which has a 20% 5-year survival rate10,11.

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® (kit for the preparation of gallium-68 gozetotide injection), approved by the U.S. Food and Drug Administration (FDA). The Company's late-stage therapeutic pipeline includes three assets in pivotal-stage trials - TLX591-Tx (lutetium-177 (177Lu) rosopatamab tetraxetan) in prostate cancer, TLX101-Tx (131I-iodofalan) in recurrent glioblastoma, TLX250-Tx (lutetium (177Lu) girentuximab tetraxetan) in kidney cancer, complemented by a deep pipeline of next generation assets. TLX250-Tx and TLX250-Px have not received a marketing authorization in any jurisdiction.

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
Eliza@schleifsteinpr.com

  

1 ClinicalTrials.gov ID: NCT07197580.
2 Carbonic Anhydrase IX.
3 Radio antibody-drug conjugate.
4 Luong-Player A, et al. Am J Clin Pathol. 2014.
5 Kleinendorst SC, et al. Theranostics. 2024.
6 Positron emission tomography.
7 Brand name subject to final regulatory approval.
8 Bukavina, L, et al. Eur Urol. 2022.
9 Alchahin AM, et al. Nat Commun. 2022.
10 National Cancer Institute. Cancer stat facts: kidney and renal pelvis cancer. Updated 2025. Accessed May 1, 2026. https://seer.cancer.gov/statfacts/html/kidrp.html.
11 Vento JA, et al. Cancers (Basel). 2022.

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 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, 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.


FAQ

What is the LUTEON Phase 3 trial announced by Telix (TLX) for renal cancer?

The LUTEON trial is a Phase 3, randomized, open-label study of TLX250-Tx in relapsed or recurrent clear cell renal cell carcinoma. According to Telix, it evaluates a CAIX-targeting radiopharmaceutical therapy and uses TLX250-Px PET imaging to select CAIX-positive patients.

What milestone did Telix (TLX) report for TLX250-Tx in July 2026?

Telix reported dosing the first patient in the Phase 3 LUTEON trial of TLX250-Tx for relapsed or recurrent ccRCC. According to Telix, this marks the first radiopharmaceutical therapy targeting CAIX to enter Phase 3 development in this kidney cancer setting.

What is TLX250-Tx and how does it work in clear cell renal cell carcinoma (TLX)?

TLX250-Tx is a first-in-class CAIX-targeting radio antibody-drug conjugate using lutetium-177 linked to a monoclonal antibody. According to Telix, it is designed to deliver targeted radiation to CAIX-positive ccRCC tumors, while limiting exposure to healthy tissues that show limited CAIX expression.

How does Telix (TLX) select patients for the LUTEON Phase 3 trial of TLX250-Tx?

Patients in LUTEON are identified using Telix’s investigational PET imaging agent TLX250-Px (Zircaix). According to Telix, TLX250-Px detects CAIX-positive tumors, enabling selection of clear cell renal cell carcinoma patients whose cancers express CAIX, the molecular target for TLX250-Tx therapy.

Is TLX250-Tx approved for kidney cancer treatment and what is its regulatory status (TLX)?

TLX250-Tx is not approved and has no marketing authorization in any jurisdiction. According to Telix, TLX250-Tx and the related imaging agent TLX250-Px remain investigational products, currently being evaluated in pivotal Phase 3 and Phase 2a clinical trials for kidney cancer.

What kidney cancer type is targeted in Telix’s LUTEON trial of TLX250-Tx (TLX)?

The LUTEON trial targets relapsed or recurrent clear cell renal cell carcinoma, the most common and often aggressive RCC subtype. According to Telix, ccRCC represents about 85% of RCC cases and frequently presents with metastatic disease, which has low five-year survival rates.

How does the TLX250-Tx program fit into Telix’s broader oncology pipeline (TLX)?

TLX250-Tx is one of Telix’s late-stage therapeutic assets in kidney cancer, now in a Phase 3 trial. According to Telix, its pipeline also includes pivotal-stage assets in prostate cancer and glioblastoma, alongside a commercial prostate cancer imaging franchise in multiple countries.