MELBOURNE, Australia, Aug. 8, 2022 /PRNewswire/ -- Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) today announces that it has been jointly awarded a $4.8 million Australian Research Council (ARC) grant to establish a new Industrial Transformation Research Program (ITRP) Hub as part of a consortium of applicants led by The University of Queensland (UQ).

The ARC Research Hub for Advanced Manufacture of Targeted Radiopharmaceuticals (AMTAR) aims to establish a manufacturing platform for new medical technologies combining innovations in biotechnology and pharmaceutical science. The program addresses industry-led challenges for translation of biologics as molecular radiopharmaceuticals, building capacity in biomanufacturing, radiobiology and radiochemistry.

Telix Chief Scientist, Dr. Michael Wheatcroft stated, "Key to the development of personalised therapy is reliable and scalable manufacture of new products, harnessing emerging technological innovations in the field. This grant will enable the establishment of AMTAR, a unique opportunity to further University of Queensland and Telix's research and development collaboration, and capitalise on the biologics expertise of UQ and the Australian Institute for Bioengineering and Nanotechnology (AIBN) to work with new antibodies, chelators and bioconjugation processes in the development of novel radiopharmaceutical candidates. We would like to thank Professor Kristofer Thurecht and his team at The University of Queensland for leading a successful application and the Australian Research Council for funding."

AMTAR Research Hub Director, Professor Kristofer Thurecht from The University of Queensland added, "We are pleased to be working with Telix and other industry and academic partners on this exciting and innovative research program. A key member of a high caliber project team, Telix's deep expertise in biologics as radiopharmaceuticals will help drive clinical and commercial translation, and advance the technologies required to ensure long-term production capability in in Australia."

About Telix Pharmaceuticals Limited

Telix is a biopharmaceutical company focused on the development and commercialisation 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, gallium-68 (⁶⁸Ga) gozetotide (also known as ⁶⁸Ga PSMA-11) injection, has been approved by the U.S. Food and Drug Administration (FDA),^[1] and by the Australian Therapeutic Goods Administration (TGA).^[2] Telix is also progressing marketing authorisation applications for this investigational candidate in Europe^[3] and Canada.^[4]

Telix Investor Relations

Ms. Kyahn WilliamsonTelix Pharmaceuticals LimitedSVP Corporate Communications and Investor RelationsEmail: kyahn.williamson@telixpharma.com

This announcement has been authorised for release the disclosure committee of Telix Pharmaceuticals Limited.

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[1] ASX disclosure 20 December 2021.[2] ASX disclosure 2 November 2021.[3] ASX disclosure 10 December 2021.[4] ASX disclosure 16 December 2020.