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Telix Pharmaceuticals (TLX) Hit with Investor Lawsuit Alleging Misstatements on Prostate Cancer Drug Progress and Supply Chain Reliability-- Hagens Berman
Prnewswire· 2025-11-26 01:03
Core Viewpoint - Telix Pharmaceuticals Ltd. is facing a securities class action lawsuit due to regulatory setbacks and significant stock declines, with allegations of misleading statements regarding its business operations and therapeutic candidates [1][2][3]. Allegations - The lawsuit claims that Telix overstated the developmental progress and commercial prospects of its prostate cancer therapeutic candidates, specifically TLX591 and TLX592 [3]. - It is alleged that the company misrepresented the stability, quality, and regulatory compliance of its third-party supply chain and manufacturing partners, which were critical to its regulatory applications [4]. Regulatory Events Impacting Stock - The first significant stock decline occurred after Telix disclosed receiving a subpoena from the SEC on July 22, 2025, leading to a more than 13% drop in the price of Telix's American Depositary Shares (ADSs) over two trading sessions [5]. - A more severe decline followed the announcement of a Complete Response Letter (CRL) from the FDA on August 28, 2025, regarding TLX250-CDx (Zircaix), which identified deficiencies in the Chemistry, Manufacturing, and Controls (CMC) package, resulting in a further decline of over 21% in the stock price [6][7]. Investigation - Hagens Berman is actively investigating the claims against Telix, focusing on the discrepancies between the company's long-term assurances and the regulatory revelations that followed [8].
TLX Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Telix Pharmaceuticals Ltd.
Prnewswire· 2025-11-20 21:54
Core Viewpoint - A class action lawsuit has been filed against Telix Pharmaceuticals Ltd. for allegedly misleading investors regarding the progress and quality of its prostate cancer therapeutic candidates and supply chain [1][2]. Allegations - The lawsuit claims that Telix Pharmaceuticals materially overstated the progress of its prostate cancer therapeutic candidates, TLX591 and TLX592, as well as the quality of its supply chain and partners [2]. - Investors were reportedly caught off guard when Telix disclosed an SEC investigation into its disclosures related to the development of its prostate cancer therapeutic candidates on July 22, 2025 [3]. - On August 28, 2025, Telix announced it received a Complete Response Letter (CRL) from the FDA, citing deficiencies in chemistry, manufacturing, and controls, and requested additional data to establish comparability of the drug product used in the phase 3 clinical trial [3]. Impact on Stock - Following the announcement of the SEC investigation and the FDA's CRL, the price of Telix's American Depositary Shares (ADSs) declined significantly [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must file their papers by January 9, 2026, but participation is not required to be eligible for recovery [4]. About Robbins LLP - Robbins LLP is a law firm specializing in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].
Telix Pharmaceuticals Limited (TLX) Faces Securities Class Action Amid SEC Subpoena, Complete Response Letter – Hagens Berman
Globenewswire· 2025-11-14 18:55
SAN FRANCISCO, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Telix Pharmaceuticals Limited (NASDAQ: TLX), a commercial-stage biopharmaceutical company focused on medical imaging and therapeutic radiopharmaceuticals, is now the target of a securities class action lawsuit, capping a tumultuous several months that saw the company's stock crater following revelations of a regulatory subpoena and an FDA rejection letter. National shareholders rights firm Hagens Berman is actively investigating the alleged legal claims and u ...
Telix Pharmaceuticals Limited (TLX) Faces Securities Class Action Amid SEC Subpoena, Complete Response Letter -- Hagens Berman
Globenewswire· 2025-11-12 18:40
Core Viewpoint - Telix Pharmaceuticals Limited is facing a securities class action lawsuit following significant stock declines due to a regulatory subpoena and an FDA rejection letter [1] Group 1: Legal Proceedings - The lawsuit, titled Thomas v. Telix Pharmaceuticals Ltd., seeks to represent investors who acquired Telix securities between February 21, 2025, and August 28, 2025 [3] - Hagens Berman, a national shareholders rights firm, is investigating the claims and encourages affected investors to report their losses [2][8] Group 2: Company Statements and Allegations - The litigation focuses on Telix's statements regarding its prostate cancer therapeutic candidates TLX591 and TLX592, as well as its kidney cancer detection candidate Zircaix [4] - During the class period, Telix claimed progress in its therapeutic pipeline and emphasized its global manufacturing capabilities as a competitive advantage [5] - The lawsuit alleges that Telix made false and misleading statements, overstating the progress of its prostate cancer candidates and the quality of its supply chain [5] Group 3: Regulatory Issues - On July 22, 2025, Telix disclosed an SEC investigation into its disclosures related to the development of its prostate cancer therapeutic candidates, leading to a sharp decline in stock price [6] - On August 28, 2025, Telix received a Complete Response Letter from the FDA for its Zircaix BLA, citing deficiencies in manufacturing and requesting additional data [7]
远大医药:全球创新温度敏感性栓塞剂在中国的注册性临床研究完成全部患者入组
Zhi Tong Cai Jing· 2025-10-09 10:45
Core Viewpoint - The completion of patient enrollment for the clinical study of GPN00289, a temperature-sensitive embolic agent for primary liver cancer, marks a significant advancement in the company's research and development in the field of nuclear medicine for tumor treatment [1][4]. Group 1: Product Overview - GPN00289 is an innovative temperature-sensitive embolic material recognized by the National Medical Products Administration of China, designed for treating hypervascular benign and malignant tumors [2]. - The product exhibits temperature-responsive properties, allowing it to transition from liquid to solid state, effectively embolizing various blood vessels [2]. - GPN00289 combines the advantages of liquid and solid embolization, addressing the limitations of current transcatheter arterial chemoembolization (TACE) methods [3]. Group 2: Market Context - According to GLOBOCAN 2022, there are approximately 870,000 new liver cancer cases globally, with around 760,000 deaths, highlighting the critical need for effective treatment options [3]. - In China, liver cancer accounts for about 37% of global new cases and 32% of deaths, indicating a significant market opportunity for innovative treatments [3]. Group 3: Strategic Development - The company holds global rights to GPN00289 and aims to advance its global registration and development, particularly in collaboration with the innovative internal radiotherapy drug, Yttrium-90 microspheres [4]. - The company has established a comprehensive nuclear medicine industry chain, including research, production, distribution, and sales, with over 900 employees globally [4][8]. Group 4: Collaborative Efforts - The company collaborates with Sirtex Medical Pty Ltd and Telix Pharmaceutical Limited to develop an international standard tumor intervention research and development platform [5]. - The company has a pipeline of 15 innovative products in the registration phase, covering various radioactive isotopes and multiple cancer types [5]. Group 5: Infrastructure and Innovation - The company’s new radioactive drug research and production base in Chengdu, China, is the first of its kind globally, covering the entire nuclear medicine industry chain [8]. - The base aims to enhance the company's research and production capabilities, ensuring high-quality development in the nuclear medicine sector [8][9].
远大医药牵手上海颖特微络,市场及技术双布局奠定Go Global战略基础
Zhi Tong Cai Jing· 2025-09-18 09:23
Core Viewpoint - YuanDa Pharmaceutical (00512) is deepening its strategy in urological diagnosis and treatment products, aiming to unlock a market potential worth billions through strategic investments in the urology field [1][3]. Group 1: Strategic Cooperation - The company has signed a cooperation agreement with Shanghai Yingte Weilu Medical Device Co., Ltd. to obtain global exclusive commercialization rights for the VTAS steam ablation product for treating benign prostatic hyperplasia (BPH) [1]. - This strategic cooperation aligns with YuanDa's dual focus on "products" and "technology," creating a new pattern of "channel expansion" and "innovation collaboration" [3]. - The partnership will accelerate market penetration post-product launch and enhance the research collaboration, solidifying YuanDa's global strategic layout in the urology diagnosis and treatment sector [3][12]. Group 2: Market Potential and Technology - BPH is a common urological condition among middle-aged and elderly men, with a prevalence rate of 60% in men over 60 and up to 90% in those aged 70-80, affecting over 100 million men in China [4]. - Traditional treatment methods include medication and invasive surgeries, which have limitations such as impact on sexual function and surgical risks [4][5]. - The steam ablation technology offers a minimally invasive solution, with advantages such as short operation time (under 10 minutes), low recurrence rates, and high safety, making it a promising alternative in the BPH treatment landscape [6][7]. Group 3: Product Features and Innovations - The VTAS steam ablation system is the only BPH steam ablation product in China with a core patent for steam generation and control, enhancing treatment efficacy and safety [6]. - VTAS features advanced energy control precision, stable steam output, and a unique puncture structure design ensuring 100% puncture success [6][7]. - The product is compatible with most bladder scopes and incorporates self-developed algorithms and AI-assisted functions for personalized treatment [7]. Group 4: Broader Product Ecosystem - YuanDa has developed a comprehensive product cluster in the urology field, covering various conditions including urinary tract cancer and prostate cancer, enhancing its market control [8]. - The company holds exclusive commercialization rights for several innovative products, including early detection tools for urinary tract cancer, which have received breakthrough device designation from the FDA [8][9]. - YuanDa's Go Global strategy aims to establish a global pharmaceutical brand, leveraging its full industry chain capabilities in the nuclear medicine and high-end medical device sectors [12].
远大医药(00512)牵手上海颖特微络,市场及技术双布局奠定Go Global战略基础
Zhi Tong Cai Jing· 2025-09-18 09:17
Core Viewpoint - The company is deepening its strategic investment in urology treatment products, aiming to tap into a market potential worth billions through a partnership with Shanghai Yingtai Weilu Medical Device Co., Ltd. [1][3] Group 1: Strategic Partnership - The collaboration with Shanghai Yingtai Weilu Medical Device Co., Ltd. grants the company exclusive global commercialization rights for the VTAS steam ablation product, designed for treating benign prostatic hyperplasia (BPH) [1][3] - The partnership will establish a joint laboratory to enhance drug-device research and development, expanding the company's industrial ecosystem [1][3] Group 2: Market Potential and Treatment Landscape - BPH is a common urological condition among middle-aged and elderly men, with over 100 million men in China affected, and the prevalence increases with age [4][6] - Traditional treatment methods include medication and invasive surgeries, which have various drawbacks such as impact on sexual function and surgical risks [4][5] Group 3: Advantages of VTAS Technology - The VTAS steam ablation technology offers significant advantages, including a short operation time of under 10 minutes, minimal invasiveness, and a lower recurrence rate, making it a promising alternative to traditional treatments [6][7] - The product features unique technology with a patented steam generation and control method, ensuring high precision and stability in treatment [6][7] Group 4: Comprehensive Product Portfolio - The company has developed a diverse product portfolio in the urology field, covering various conditions including urinary tract cancer and prostate cancer, enhancing its market competitiveness [8][9] - The company holds exclusive commercialization rights for several innovative products, including early detection tools for urinary tract cancer, which have received breakthrough device designation from the FDA [9][10] Group 5: Global Expansion Strategy - The company is committed to a "Go Global" strategy, aiming to establish a global pharmaceutical brand by leveraging its comprehensive capabilities across the entire supply chain [10][13] - The establishment of a joint laboratory is expected to enhance the company's competitive edge in the urology product sector and drive long-term innovation [12][13]
远大医药(00512)亮相BIOHK2025 Go Global战略打开全球创新药市场
智通财经网· 2025-09-11 13:09
Core Viewpoint - The Hong Kong International Biotechnology Forum and Exhibition (BIOHK) 2025 serves as a significant platform for industry leaders to discuss the future of biotechnology, with a focus on the global strategy of the pharmaceutical company YuanDa Pharmaceutical [1][3]. Group 1: Company Strategy and Globalization - YuanDa Pharmaceutical is recognized as a leading global player in nuclear medicine, sharing its global strategy at the BIOHK 2025 forum [3][6]. - The company is implementing a "Go Global" strategy, focusing on global research, production, and sales to enhance the value of innovative products [3][10]. - YuanDa has achieved significant milestones in its nuclear medicine development, with its product Yttrium-90 microsphere injection being used in over 150,000 patients across more than 50 countries [6][10]. Group 2: Product Development and Market Expansion - The company has received CE mark certification for new indications of its innovative product, expanding its treatment scope to include multiple types of liver cancer, which is expected to double its market potential [6][10]. - YuanDa is advancing its pipeline with 15 innovative products in development, covering various cancers and utilizing five types of radioactive isotopes [7][9]. - The company is actively pursuing a "dual filing" strategy in the U.S. and China, with several products entering international Phase III clinical trials [9][10]. Group 3: Research and Production Capabilities - YuanDa has established a comprehensive global network for nuclear medicine, with research and production bases in Boston and Chengdu, and a sales network covering over 50 countries [11][13]. - The company has built a state-of-the-art production facility in Chengdu, recognized as one of the most automated and comprehensive nuclear medicine factories globally [11][13]. - YuanDa's global innovation strategy includes five research platforms and eight research centers, with a robust pipeline of 133 projects in various stages of development [13].
远大医药亮相BIOHK2025 Go Global战略打开全球创新药市场
Zhi Tong Cai Jing· 2025-09-11 13:09
Core Viewpoint - The Hong Kong International Biotechnology Forum and Exhibition (BIOHK) 2025 serves as a significant platform for industry leaders to discuss the future of biotechnology, with a focus on the global strategy of Yuan Da Pharmaceutical in nuclear medicine [1][3]. Group 1: Company Strategy - Yuan Da Pharmaceutical is recognized as a leading global nuclear medicine company, sharing its unique global development strategy at the forum [3][5]. - The company is implementing a "Go Global" strategy, focusing on global R&D, production, and sales to enhance the long-term value of innovative products [3][5][9]. Group 2: Market Expansion - The recognition of Chinese innovative drugs is increasing globally, with a notable rise in the number of oral presentations by Chinese pharmaceutical companies at the ASCO conference, from 25 in 2023 to 84 in 2025 [3]. - In the first half of 2025, the transaction value of innovative drug licensing exceeded the total for 2024, indicating strong innovation capabilities [3]. Group 3: Product Development - Yuan Da Pharmaceutical has achieved significant breakthroughs in nuclear medicine, with its innovative product, Yttrium-90 microsphere injection, being used in over 50 countries and for more than 150,000 patients [5]. - The product is the first and only FDA-approved treatment for unresectable hepatocellular carcinoma (HCC) and colorectal cancer liver metastases, recently receiving CE mark certification for additional indications [5]. Group 4: R&D Pipeline - The company has 15 innovative products in the R&D registration phase, utilizing five types of radioactive isotopes to target eight different cancers [6][8]. - Yuan Da is advancing its "dual filing" strategy in the U.S. and China, with several products entering international multi-center Phase III clinical trials [8]. Group 5: Global Infrastructure - Yuan Da Pharmaceutical has established a comprehensive global sales network covering over 50 countries, supported by R&D bases in Boston and Chengdu, and production facilities in multiple international locations [10][12]. - The company’s Chengdu facility is noted for being one of the most automated and comprehensive nuclear medicine production plants globally, ensuring high-quality product supply [10]. Group 6: Long-term Vision - The company aims to deepen its global market penetration and brand development through its ongoing "Go Global" strategy, addressing unmet medical needs worldwide [12].
远大医药涨超4% 近日创新成果亮相浦江泌尿肿瘤学术大会 公司已进入创新业务兑现期
Zhi Tong Cai Jing· 2025-09-08 02:16
Core Viewpoint - The recent announcement of the "Early Screening and Diagnosis Project for Urothelial Carcinoma" by the company at a major academic conference has positively impacted its stock performance, reflecting strong market interest in its innovative capabilities and growth strategy [1][2]. Group 1: Company Performance - The company's stock price increased by 4.45%, reaching HKD 9.38, with a trading volume of HKD 72.96 million [1]. - For the first half of 2025, the company reported a revenue of HKD 6.107 billion, representing a year-on-year growth of 1.0%, and a 2.0% increase when excluding foreign exchange effects [2]. - The net profit attributable to the parent company was HKD 1.169 billion, exceeding market expectations primarily due to higher-than-expected revenue [2]. Group 2: Product Development and Innovation - The company's nuclear medicine oncology segment generated revenue of HKD 422 million, showing a significant year-on-year increase of 105.5% when excluding foreign exchange effects, driven by the rapid market uptake of Yigantai [2]. - Yigantai received FDA approval for use in primary liver cancer, marking it as the first product globally approved for both primary liver cancer and colorectal cancer liver metastases in internal radiation therapy [2]. - The company is advancing its clinical pipeline, with TLX-591CDx completing Phase III clinical enrollment and other products like TLX591 and ITM-11 entering international multi-center Phase III trials [2].