BUZZ-Telix Pharma dips as FDA rejects brain cancer imaging agent

Reuters
04-28
BUZZ-Telix Pharma dips as FDA rejects brain cancer imaging agent

** U.S.-listed shares of Australia's Telix Pharmaceuticals TLX.AX, TLX.O fall 7.8% to $17.35

** Late on Sunday, co said the US FDA declined to approve its marketing application for Pixclara, an imaging agent for glioma brain cancer

** TLX said FDA has requested additional clinical evidence to progress the application, stating that the application cannot be approved in its current form

** An imaging agent is a substance used in medical scans to enhance the visibility of internal body structures

** Co said it plans to request a hearing with the FDA to understand the decision and explore ways to supplement their application

** The rejection does not affect the company's financial forecasts for 2025, co said

** Including session move, stock up 8.4% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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