MELBOURNE, Australia and BOLOGNA, Italy, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) today announces that it has entered into an exclusive commercial distribution agreement with Bologna-based RADIUS S.r.l. (Radius) for Telix's prostate cancer investigational imaging product Illuccix (Kit for the preparation of 68Ga-PSMA-11 injection) for the Italian market. This agreement builds on the support Radius has provided Telix in distributing 68Ga-PSMA-11 for magisterial use in Italy.
Under the terms of the agreement, Radius will be the exclusive commercial distributor of Illuccix in Italy, an EU5 country, for a period of three years from the national approval date. Radius is the market leader in the supply of gallium generators across Italy, a position which enables Radius to provide a secure supply of the 68Ga necessary for launching Illuccix. Radius also has the advantage of being a supplier and service provider for cyclotrons and radiotherapy suites across Italy.
Radius CEO, Dr. Mauro Mei stated, "This commercial partnership with Telix will enable us to open the door to state-of-the-art PSMA imaging for the 39,000 men diagnosed with prostate cancer each year in Italy. Given that PSMA imaging represents the latest standard of care for prostate cancer imaging, having recently been included in European1 and U.S.2 clinical practice guidelines, we are delighted to be adding Illuccix to our nuclear medicine portfolio and look forward to bringing this product to Italian men in need, upon receipt of regulatory approval."
Telix EMEA President Richard Valeix added, "As we prepare for the European launch of Illuccix we are pleased to have entered into this agreement with Radius. Italy is an important market and we look forward to working with Radius to bring this highly anticipated imaging agent to Italian men, living with prostate cancer, once regulatory approval is received. Partnering with such a capable and patient-centric leader in nuclear medicine aligns with Telix's mission of helping patients with cancer live longer, better quality lives."
About Prostate Cancer in Italy
In 2020, prostate cancer was the most commonly diagnosed cancer in men in Italy, with approximately 39,000 new cases being diagnosed, exhibiting a significantly higher incidence in men than either lung cancer (28,000 new cases) or bowel cancer (26,000 new cases). Prostate cancer was also a leading cause of cancer death in men, with almost 7,000 men dying from the disease in Italy in 2020. Almost 150,000 Italian men were estimated to be living with prostate cancer in 2020.3
About Radius S.r.l.
Founded in 2003, Radius deals with innovative and state of the art solutions and technology in Italy, with exclusivity, for three main areas: Nuclear Medicine, Radiotherapy and Preclinical Research. With its headquarters in Budrio
About Telix Pharmaceuticals Limited
Telix is a biopharmaceutical company focused on the development of diagnostic and therapeutic products using Molecularly Targeted Radiationand follow Telix on Twitter.
Telix's lead investigational product, Illuccix (TLX591-CDx) for prostate cancer imaging, has been accepted for filing by the U.S. FDA,4 and is under priority evaluation by the Australian Therapeutic Goods Administration (TGA).5 Telix is also progressing marketing authorisation applications for Illuccix in the European Union6 and Canada.7 None of Telix's products have received a marketing authorisation in any jurisdiction.
Telix Media Contact
Dr. Stewart Holmstrom
Telix Pharmaceuticals Limited
Director Corporate Communications
Email: stewart.holmstrom@telixpharma.com
1 European Association of Urology 2020.
2 Trabulsi EJ et al. J Clin Oncol. Jan 2020.
3 Globocan 2020.
4 ASX disclosure 24/11/20.
5 ASX disclosure 14/04/21.
6 ASX disclosure 1/05/20.
7 ASX disclosure 16/12/20.
