Forecasting Quarterly Sales Figures, page-56

Illuccix U.S. Commercial Launch

During the quarter, Telix launched its lead prostate cancer imaging product, Illuccix® (kit for the preparation of gallium-68 (68Ga) gozetotide (also known as PSMA-11) injection) in the U.S., with first commercial doses being administered from 14 April 2022.

Sales revenue from U.S. commercial sales between 14 April and 30 June 2022 was USD$13.6 million (AUD$19.3 million). Sales were primarily generated via Telix’s nuclear pharmacy distribution partners to imaging centres and hospitals, but also included some luminary academic centres and Veterans’ Affairs (VA) sites directly contracted with Telix.

During the quarter the Illuccix distribution network was progressively expanded from 117 to 140 radiopharmacies. Select Jubilant and RLS pharmacies have been added to the partnership network since launch, which initially comprised Cardinal Health, PharmaLogic and UPPI. The objective of the pharmacy network expansion is to provide broad geographic coverage, boosting capacity in both major metropolitan and regional markets to enable reliable access to PSMA-PET2 imaging.

Telix Managing Director and Group CEO Dr. Christian Behrenbruch, said, “The U.S. commercial launch of Illuccix is off to a strong start. This result reflects the efficacy of our differentiated business model in a large and growing market. We’ve delivered doses across the entire country, demonstrating the value of our nationwide pharmacy distribution partnerships and with industryleading on-time delivery. We are meeting the needs of our customers and patients through reliable service delivery, flexible scheduling and wide accessibility to PSMA-PET imaging. With reimbursement effective 1 July, we expect to see Illuccix revenues grow considerably.”

During the quarter Telix announced it had been granted a Healthcare Common Procedure Coding System (HCPCS) Level II code, A9596 and Transitional Pass-Through Payment Status. Both reimbursement designations were formally recognised by the U.S. Centers for Medicare and Medicaid Services (CMS) from 1 July 2022. Transitional pass-through status enables CMS to provide separate payments for the radiopharmaceutical and the PET-CT scan, when performed with Illuccix in the hospital outpatient setting, for a period of up to three years.