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Telix Gets Second FDA Rejection For Kidney Cancer Drug

1. Telix Pharmaceuticals received a Complete Response Letter from the FDA regarding TLX250-CDx. 2. The CRL highlights deficiencies in the Chemistry, Manufacturing, and Controls package. 3. Remediation is required for third-party manufacturing before resubmission to the FDA. 4. Zircaix's approval is crucial as it would be the first PET scan drug for kidney cancer. 5. Current stock price is down 13.18% following the news.

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FAQ

Why Bearish?

The Complete Response Letter signifies regulatory hurdles for TLX250-CDx. Previous CRLs have negatively impacted stock performance historically.

How important is it?

The CRL's implications require significant operational changes, affecting future revenue potential. Concerns over regulatory execution could deter investors.

Why Short Term?

Immediate investor sentiment is influenced by the CRL, affecting short-term price. Long-term outcomes depend on upcoming resubmission and regulatory responses.

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