By Rajasik Mukherjee
Jan 14 (Reuters) - Shares of Australia's Telix Pharmaceuticals TLX.AX jumped to a near four-week high on Tuesday and looked set to post their best session in about four months, after the biopharmaceutical firm reported full-year revenue ahead of its forecast.
The stock gained as much as 7.4% to A$25.790, its highest level since Dec. 18, and was on track for its best trading day since Sept. 20 if current gains held.
After market hours on Monday, Melbourne-headquartered Telix reported a 55% rise in 2024 revenue to $517 million, beating its forecast of $490 million to $510 million.
"Strong sales of Illuccix have led Telix to close out the year with revenue above guidance, while significantly progressing our strategic priorities," group CEO Dr Christian Behrenbruch said in a statement.
Illuccix is the firm's diagnostic radiopharmaceutical for prostate cancer positron emission tomography $(PET.AU)$ imaging - a type of scan that helps to find the biochemical changes in cells. Telix said its revenue is currently generated predominantly from sales of Illuccix.
For the fourth quarter, the company reported a 46% rise in revenue to $142 million.
"The revenue numbers from Telix Pharmaceuticals were music to the ears of investors... (and) have kept the stock price in the good books of investors today," said Tim Waterer, chief market analyst at KCM Trade.
Separately, Telix said on Monday it had signed an agreement with antibody engineering company ImaginAb to buy a pipeline of therapeutic candidates and a research facility in California for $372 million.
(Reporting by Rajasik Mukherjee in Bengaluru; Editing by Subhranshu Sahu)
((Rajasik.Mukherjee@thomsonreuters.com;))
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。