Shares in Telix Pharmaceuticals have surged more than tenfold in five years as a record June quarter of sales supports phenomenal investor interest in the cancer diagnostic and treatment business.
Telix uses radio pharmaceuticals to travel through the blood to deliver radiation directly to tumours and posted $22.5 million in sales in the June quarter, after receiving approval to sell its Illuccix treatment from the US Food and Drug Administration last December.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
