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Telix Pharmaceuticals (ASX:TLX) sees new drug application review extended

Health Care
ASX:TLX      MCAP $3.972B
23 September 2021 10:00 (AEDT)
Telix Pharmaceuticals (ASX:TLX) - CEO & Managing Director, Dr Christian Behrenbruch

Source: Telix Pharmaceuticals

Telix Pharmaceuticals (TLX) has seen its review period for its prostate cancer imaging product extended by three months by the FDA.

The US Food and Drug Administration (FDA) has set a revised target date of 23 December 2021 for Illuccix, Telix’s new drug application. This will allow the FDA to review and consider further manufacturing-related information submitted by the company, and is considered a standard review extension period.  

Telix sat down to a late-cycle review meeting with the FDA in June, during which time the authority indicated there were no substantivate manufacturing or clinical review issues with Telix’s product.

However the date of the company’s Pre-Authorisation Inspection (PAI) was after the meeting and it raised a set of manufacturing-related observations. Telix has since responded to those observations which the FDA is reviewing.

Telix CEO Christian Behrenbruch explained: “The timing of our PAI relative to the late-cycle review meeting meant that additional review time was needed to address manufacturing-related observations”.

“We look forward to being in a position to bring to patients in the US access to this flexible, highly specific and sensitive imaging tool for the detection of prostate cancer,” Dr Behrenbruch said.

Telix Pharmaceuticals was down 6.32 per cent, trading at $6.37 at 11:46 am AEST.

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