Chinese health market concept
Adobe
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Telix Pharma’s (ASX:TLX) got the Chinese market locked in its sights with a maiden application for Illuccix, a prostate cancer imaging agent, now lodged with (and accepted by) the National Medical Products Application (NMPA). Worth noting is this is just an acceptance of the application and not an approval of the drug for use; shares jumped around +4% in morning Tuesday trades.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

Working alongside Hong Kong-listed Grand Pharmaceuticals Group (GPG), the application was fired across with recent Phase 3 study data, pulled from a trial that wound up with positive results in December last year.

That study, Telix reminded on Tuesday, satisfied its original target outcomes with successful detections of tumours recorded in 94.8% of patients; some 67% of this cohort had treatment plans changed to better address tumours as a result of the study.

“Submitting this New Drug Application for TLX591-Px, the first for any of our products in China, is a major milestone for Telix and our partner Grand Pharma,” TLX CEO of Precision Medicine Kevin Richardson said.

That’s well and good, but there might be reason for Telix shareholders to stay cautious, which at least one HotCopper user pointed out on Tuesday.

To date, short-selling pressure on Telix Pharmaceuticals remains fairly popular, with some 11% of Telix shares on issue currently shorted today.

Shorts on TLX a/a 12pm AEDT; public data lags by a week (Shortman)

That’s come on the back of recent trouble for Telix. It seemed to have trouble with the FDA last year as two different applications were more or less knocked back by the U.S. drug regulator; perhaps more pressing is the Securities and Exchange Commission took Telix to court over claims the company had made to market.

TLX last traded at $11.75/sh.

Join the discussion: See what HotCopper users are saying about Telix Pharma Ltd and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

TLX by the numbers
More From The Market Online
IPO concept

Slow start to year for ASX IPOs with only two set for February; Barkly REE delayed

After Cambodia-based gold explorer Unity Metals (ASX:UM1) listed on the ASX earlier this month – the first IPO to hit the bourse
The Market Online Video

The ASX Today: US-EU fears shadow metals rally with no Wall Street gauge; BHP falls back from $50 & Chinese silver

Greetings and welcome to HotCopper‘s market summary for Tuesday, I’m Jon Davidson. For a second day, the risk of a fresh European vs. U.S.
Child safety concept

QORIA Ltd the biggest loser intraday as rising costs see stock sold off -20%

QORIA Ltd (ASX:QOR) has taken the wooden spoon for the day insofar as daily volatility goes, with the child
The Market Online Video

The ASX Today: Tariffs, trade war, and economic threats back to kick off 2026; metal bats out of hell | Jan 19

Greetings and welcome to HotCopper’s market update for Monday, Week 4, I’m Jon Davidson.