Telix and Biokosmos Sign Distribution Agreement for Prostate Cancer Imaging in Greece and Cyprus
28 January 2022 - 8:41AM
Telix and Biokosmos Sign Distribution Agreement for Prostate Cancer
Imaging in Greece and Cyprus
Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) today
announces that it has entered into an exclusive commercial
distribution agreement with Athens-based BIOKOSMOS S.A. (BIOKOSMOS)
for Telix’s prostate cancer investigational imaging product
Illuccix® (Kit for the preparation of 68Ga-PSMA-11 injection) for
the Greek and Cypriot markets.
Under the terms of the agreement, BIOKOSMOS will
be the overall distributor and local representative for Illuccix in
Greece and Cyprus for a period of three years. BIOKOSMOS is a key
radiopharmaceutical manufacturer in Greece and has built a
comprehensive distribution network, which covers the full Greek
Territory as well as Cyprus and the wider Balkan region.
BIOKOSMOS CEO, Angelos Pagonis stated, “It is a
great pleasure to have signed this distribution agreement with
Telix, which subject to regulatory approval, will help facilitate
widespread access to gallium-based PSMA-PET imaging for Greek and
Cypriot men in need. Already included in latest European1 and
U.S.2,3 clinical practice guidelines, we are excited by the
opportunity to help bring this state-of-the-art imaging modality to
market in Europe, with potential to enhance patient outcomes.”
Telix EMEA President Richard Valeix added, “As
Telix's European marketing authorisation application continues to
progress, we are pleased to have added this important commercial
distribution agreement with BIOKOSMOS for the Greek and Cypriot
markets. Partnering with such an established and capable leader in
Greek nuclear medicine aligns with Telix’s purpose to help people
with cancer and rare diseases live longer, better quality
lives.”
About Prostate Cancer in Greece and
Cyprus
In 2020, prostate cancer was the second most
commonly diagnosed cancer in men in Greece (behind lung cancer) and
the most common cancer diagnosis in men in Cyprus, with over 7,000
combined new cases (6,217 in Greece; 821 in Cyprus). Prostate
cancer was also a leading cause of cancer death in men, with more
than 2,000 men dying from the disease in Greece and Cyprus during
2020 (1,835 in Greece; 184 in Cyprus). 28,289 men were estimated to
be living with prostate cancer in Greece and Cyprus in 2020 (25,019
in Greece; 3,270 in Cyprus).4
About BIOKOSMOS S.A.
BIOKOSMOS S.A. was founded in 1992, providing
high level services and solutions in the field of Nuclear Medicine
and Oncology. Today, BIOKOSMOS with two manufacturing sites in
Greece, one in Athens and the other in Thessaloniki, and with a
comprehensive distribution network, is fully covering the needs of
the wider Balkan region for innovative radiopharmaceuticals in
Molecular Imaging and in Oncology. For more information visit:
https://www.biokosmos.gr/ and follow BIOKOSMOS on LinkedIn.
About Telix
Pharmaceuticals Limited
Telix is a biopharmaceutical company focused on
the development of diagnostic and therapeutic products using
Molecularly Targeted Radiation (MTR). Telix is headquartered in
Melbourne, Australia with international operations in Belgium,
Japan, Switzerland, and the United States. Telix is developing a
portfolio of clinical-stage products that address significant unmet
medical need in oncology and rare diseases. Telix is listed on the
Australian Securities Exchange (ASX: TLX). For more information
visit www.telixpharma.com and follow Telix on Twitter
(@TelixPharma) and LinkedIn.
Telix’s lead product, a Kit for the preparation
of gallium-68 (68Ga) gozetotide (also known as PSMA-11) injection
for prostate cancer imaging, has been approved by the U.S. Food and
Drug Administration (FDA),5 and by the Australian Therapeutic Goods
Administration (TGA).6 Telix is also progressing marketing
authorisation applications for this investigational candidate in
Europe7 and Canada.8
Telix Investor Relations
Ms. Kyahn WilliamsonTelix Pharmaceuticals
LimitedSVP Corporate Communications and Investor RelationsEmail:
kyahn.williamson@telixpharma.com
Important Information
This announcement does not constitute an offer
to sell, or a solicitation of an offer to buy, securities in the
United States, or in any other jurisdiction in which such an offer
would be illegal. The securities referred to herein have not been
and will not be registered under the United States Securities Act
of 1933 (the “U.S. Securities Act”), or under the securities laws
of any state or other jurisdiction of the United States and may not
be offered or sold within the United States, unless the securities
have been registered under the U.S. Securities Act or an exemption
from the registration requirements of the U.S. Securities Act is
available. This announcement has been authorised for release by Dr.
Christian Behrenbruch, Managing Director and Chief Executive
Officer. The Telix Pharmaceuticals name and logo are trademarks of
Telix Pharmaceuticals Limited and its affiliates (all rights
reserved).
1 European Association of Urology 2020.2 Trabulsi EJ et al. J
Clin Oncol. Jan 2020.3 NCCN Clinical Practice Guidelines in
Oncology (NCCN Guidelines®). Sep 2021.4 Globocan 2021.5 ASX
disclosure 20 December 2021.6 ASX disclosure 2 November 2021.7 ASX
disclosure 10 December 2021.8 ASX disclosure 16 December 2020.
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