Telix Pharmaceuticals Launches Prostate Cancer Clinical Trial in the U.S.
Telix Pharmaceuticals announces that the first patient in the U.S. has been dosed in BiPASS, a Phase 3 trial to evaluate the use of Telix's commercial PSMA-PET1 imaging agents, Illuccix and Gozellix in the initial prostate cancer diagnosis setting. BiPASS is the first study designed to gain marketing authorization for 68Ga-PSMA-PET2 imaging in the pre-biopsy setting. The prospective, open-label Phase 3 trial will enroll 250 patients across sites in the U.S. and Australia. The study aims to determine whether combining MRI3 with Illuccix/Gozellix 68Ga-PSMA-11 PET can improve diagnostic accuracy and reduce unnecessary biopsies compared to current standard practice. Men with elevated PSA4 often proceed from an inconclusive MRI to template prostate biopsy. This procedure is stressful and unpleasant, can lead to complications and frequently proves to be of no benefit to the patient, the company said. If the BiPASS study achieves its primary objectives, it could lead to a reduction in unnecessary biopsies, improved patient experience, and a significant expansion of access to precision imaging for patients with suspected prostate cancer, potentially increasing the use of 68Ga-PSMA-11 PET in a large new patient population.
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- Earnings Release Schedule: Telix Pharmaceuticals will release its full year results for the period ending December 31, 2025, on February 20, 2026, which is expected to provide key financial data and future outlook, assisting investors in evaluating the company's performance and market positioning.
- Investor Conference: On the same day as the earnings release, Telix will hold an investor webcast and conference call at 9:30 a.m. AEDT, aimed at directly communicating the company's strategy and financial performance to investors.
- Global Business Presence: Telix operates in multiple countries including the U.S., U.K., Brazil, Canada, Belgium, Switzerland, and Japan, showcasing its extensive influence and market penetration in the biopharmaceutical sector, particularly in oncology and rare diseases.
- Forward-Looking Statements: The announcement includes forward-looking statements regarding Telix's R&D progress, clinical trials, and market strategies, which, despite uncertainties, provide investors with crucial insights into the company's future developments.

- Revenue Target Achieved: Telix Pharmaceuticals reported FY 2025 revenue of approximately $804 million, aligning with its upgraded guidance of $800-$820 million, indicating stability and growth potential in the market.
- Significant Q4 Growth: The fourth quarter saw a 46% year-over-year revenue increase, totaling around $208 million, reflecting strong performance in the precision medicine sector, particularly following the successful launch of Gozellix.
- Clinical Research Progress: Telix dosed the first patient in the U.S. in the BiPASS Phase 3 trial, evaluating its PSMA-PET imaging agents for initial prostate cancer diagnosis, marking continued advancement in clinical research.
- Weak Stock Trend: Telix's stock has declined by 56.91% over the past 12 months, currently trading at $7.20, below both the 20-day and 100-day simple moving averages, indicating a bearish trend in the short term.
- Earnings Performance: Netflix's Q4 earnings report revealed revenue of $12.16 billion, exceeding expectations, yet its Q1 guidance of $12.16 billion fell short of the $12.19 billion consensus, causing shares to drop 5.7% to $82.32 in pre-market trading.
- Earnings Per Share Outlook: The company anticipates Q1 earnings per share of 76 cents, below the consensus estimate of 81 cents, indicating pressure on user growth and profitability, which may undermine investor confidence.
- Other Stock Movements: Erasca Inc announced a proposed $150 million public offering, leading to a 6.2% decline in its pre-market share price to $9.20, highlighting market sensitivity to new stock issuances.
- Market Reaction: Kraft Heinz Co shares fell 5.3% to $22.51 as Berkshire Hathaway filed to sell up to 325 million shares, intensifying market concerns regarding its future performance.
- Revenue Growth: Telix Pharmaceuticals reported Q4 2025 revenue of $208 million, a 46% increase from $142 million in the same period last year, indicating strong performance in the Precision Medicine segment.
- Precision Medicine Contribution: Revenue from the Precision Medicine segment rose to $161 million from $139 million a year ago, reflecting a 15.8% growth and highlighting the ongoing potential of this business line.
- RLS Third-Party Revenue: RLS third-party revenue reached $45 million, compared to zero last year, showcasing Telix's success in expanding partnerships and market share.
- Market Reaction: Despite the revenue increase, Telix's stock fell by 1.03% to $7.68 in pre-market trading on Nasdaq, indicating market caution regarding the company's future performance.
- Overall Decline in Health Care Stocks: Late Friday afternoon, health care stocks broadly declined, with the NYSE Health Care Index easing 0.5%, reflecting a weakening market confidence in the sector that could impact short-term investor decisions.
- Market Sentiment Fluctuations: The drop in health care stocks may be linked to overall market sentiment fluctuations, as increased uncertainty regarding economic prospects leads to capital outflows from the health sector, affecting industry capital flows.
- Investor Focus Shift: As health care stocks decline, investors may reassess their portfolios, considering reallocating funds to other sectors with greater growth potential, which could impact capital inflows into the health industry.
- Uncertain Future Outlook: The short-term performance of the health care sector may be influenced by policy changes and market dynamics, necessitating investors to closely monitor relevant policies and market trends to make timely investment decisions.
- Clinical Trial Launch: Telix has dosed the first patient in the BiPASS™ trial in the U.S., evaluating the use of Illuccix® and Gozellix® for prostate cancer diagnosis, marking a significant advancement in the company's precision medicine efforts.
- Patient Recruitment Plan: The BiPASS™ trial aims to enroll 250 patients across the U.S. and Australia, seeking to enhance diagnostic accuracy by integrating MRI with PSMA-PET imaging, thereby reducing unnecessary biopsies and improving patient experience.
- Significant Market Potential: With over one million prostate biopsies performed annually in the U.S., of which up to 75% are negative, the success of BiPASS™ could drastically decrease biopsy rates and increase the adoption of PSMA-PET imaging, expanding the potential patient population.
- Industry Leadership: Telix CEO Kevin Richardson emphasized that the trial's initiation not only reflects the company's commitment to patient-centricity and clinical innovation but also aims to lower healthcare costs and risks by reducing invasive biopsies, further solidifying its leadership position in the industry.










