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Telix Pharmaceuticals Gets FDA Approval for Prostate Cancer Screening Agent

1. FDA approved Telix's Gozellix for prostate cancer PET testing. 2. Gozellix has a longer shelf life than existing products. 3. Shares of TLX increased 6% after FDA announcement. 4. Telix shares rose over 20% since starting U.S. trading. 5. CEO calls FDA approval a significant win for patients.

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FAQ

Why Very Bullish?

The approval of Gozellix is likely to significantly enhance revenue potential, similar to historical cases with successful drug innovations leading to sharp stock price increases.

How important is it?

The FDA approval could lead to increased market penetration and revenue, reflecting critical growth potential for TLX.

Why Long Term?

The FDA approval positions TLX for sustained growth in the prostate cancer treatment market, fostering long-term investment confidence.

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