BUZZ-ASX-listed Telix Pharmaceuticals stock tumbles after FDA denies Pixclara approval

Reuters
04-28
BUZZ-ASX-listed Telix Pharmaceuticals stock tumbles after FDA denies Pixclara approval

** Shares of Telix Pharmaceuticals TLX.AX fall 6% to A$26.86, their lowest since April 14

** Stock among the biggest percentage losers in the benchmark ASX200 index .AXJO

** Biotech firm says that the U.S. Food and Drug Administration (FDA) has refused to approve its new drug application for Pixclara, an investigational agent for imaging glioma

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

** Stock fell as much as 9.3% earlier in the day, marking its worst intraday drop since April 7

** Stock up 9.7% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))

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