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Telix uses imaging revenue scaling to fund and accelerate its pipeline
Telix reports that the imaging business generates around $1 billion in annual revenue and funds research and development. The company received FDA approval for PIXCLARA, expanding its commercial portfolio to three products and expects launch revenues of “a few hundred million” US dollars. Recruitment for the BiPASS phase-III study is complete, and three phase-III therapy programs are also recruiting, including ProstACT GLOBAL 2 with TLX591 and the novel TLX597. Management sees 2026 guidance toward the upper end of the range but remains cautious about making adjustments given the market environment. » More on de.investing.com
Telix Pharmaceuticals: FDA approval for Pixclara drives stock up more than 10%
Telix shares rose 10.3% to A$18.03 after the FDA approved the PET imaging agent Pixclara (floretyrosin F 18) to distinguish recurrent from progressive gliomas. The approval makes Telix the sole holder of an FDA‑approved radiopharmaceutical imaging agent for this indication. The approval opens significant commercial opportunities, as gliomas account for about 30% of brain and CNS tumors and roughly 80% of malignant brain tumors. Additional momentum came from management presentations at an investor conference; Telix reported H1 2026 revenue of USD 477 million (+22%), adjusted EBITDA up 146%, and raised its full‑year guidance to over USD 1 billion. » More on de.investing.com
Telix outlines strategy to dominate radiopharma market
Telix presented at the Morgan Stanley Healthcare Conference an integrated strategy that links imaging diagnostics with therapeutic radiopharmaceuticals and seeks vertical control over manufacturing, logistics and patient selection. The company reported around AUD 1 billion in annual revenue, multiple approvals including Pixclara for gliomas, and named near-term catalysts such as the re-submission of Zircaix, completed recruitment of the BiPASS study and an interim analysis for TLX591. Telix is expanding its own nuclear pharmacies, acquired RLS to strengthen logistics, and sees significant growth potential in prostate cancer diagnostics as well as in late-stage programs for prostate, kidney and neurological indications. » More on de.investing.com
Financials
| (EUR) | June 2026 | YoY |
|---|---|---|
| Revenue | 410.93m | - |
| Gross profit | 211.97m | - |
| Net profit | 33m | - |
| EBITDA | 10.28m | - |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €2.66bn |
Number of shares | 339.78m |
52-week high/low | €11.63 - €5.29 |
| Dividends | No |
Beta | 0.60 |
P/E ratio | 92.98 |
PEG ratio | -0.33 |
P/B ratio | 6.19 |
P/S ratio | 3.33 |
Company profile
Telix Pharmaceuticals Limited, a radiopharmaceutical company, develops molecularly targeted radiation (MTR) products for cancer and rare diseases in Australia, Belgium, Japan, Switzerland, and the United States. The company focuses on developing diagnostic and therapeutic products using MTR. Its lead products include TLX591-CDx for the diagnosis and treatment of metastatic castrate-resistant prostate cancer; TLX66-CDx to treat bone marrow conditioning and rare diseases; TLX250, which is in Phase II clinical trials for the diagnosis and treatment of renal (kidney) cancer; TLX250-CDx that is in Phase III clinical trials for the diagnosis and treatment of renal (kidney) cancer; TLX591, which is in Phase III clinical trials for the diagnosis and treatment of metastatic castrate-resistant prostate cancer; TLX101 that is in Phase I/II clinical trials and TLX101-CDx for the diagnosis and treatment of glioblastoma (brain cancer); and TLX66, which is in Phase I/IIa clinical trials for the treatment of bone marrow conditioning and rare diseases. The company also develops TLX592, a prostate cancer therapy candidate for targeted alpha therapy; TLX591-Sx, a positron emission tomography (PET) tracer that delivers PET and fluorescent (optical) imaging; and TLX599-CDx, an investigational prostate cancer imaging agent that uses single photon emission computed tomography. It has a strategic license and commercial partnership with China Grand Pharmaceutical and Healthcare Holdings Limited for developing a portfolio of MTR products; scientific and clinical research collaboration with Mauna Kea Technologies; and strategic collaboration agreement with Lightpoint Medical, Ltd. The company was founded in 2015 and is headquartered in North Melbourne, Australia.
| Name | Telix Pharmaceuticals |
| CEO | Christian Behrenbruch |
| Headquarters | North Melbourne,
vic Australia |
| Website | |
| Sector | Health Care |
| Industry | Biotechnology |
| IPO | 14/11/2017 |
| Employees | 1,184 |
Ticker symbols
| Exchange | Symbol |
|---|---|
Pnk | TLPPF |
Australian Securities Exchange Ltd | TLX.AX |
Frankfurt | T3X.F |
München | T3X.MU |
Düsseldorf | T3X.DU |