By Dean Seal
Telix Pharmaceuticals' American depositary receipts dropped after the company disclosed that it has received a subpoena from the Securities and Exchange Commission.
The ADRs were down 10% at $1.60 in afternoon trading. They are now down 5% year to date.
The Melbourne, Australia-based company said in its second-quarter earnings report that the U.S. securities regulator is seeking various documents and information related to disclosures about the development of Telix's prostate-cancer therapeutic candidates.
Telix said it is fully cooperating with the SEC and in the process of responding to its request.
"At this stage, this matter is a fact-finding request," the company said.
The company has elected to notify the Australian Securities and Investments Commission about the SEC's inquiry. While the matter is ongoing, Telix plans to continue with its clinical-development programs related to its prostate-cancer therapy candidates.
Write to Dean at dean.seal@wsj.com
(END) Dow Jones Newswires
July 23, 2025 12:55 ET (16:55 GMT)
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