Health · Medical Research · 1 hr ago

Radiotherapies forecast to grow as Radiopharm agrees on trial plan with FDA

Radiotherapies forecast to grow as Radiopharm agrees on trial plan with FDA

Telix says radiotherapy treatments could expand rapidly over the next decade, as targeted radioactive agents are used to treat tumours.

A market report cited by Telix forecasts the global nuclear medicine market will grow from US$11 billion in 2024 to US$41 billion in 2034.

Radiotherapy is forecast to grow faster than diagnostic imaging, with its market value projected to rise from US$3 billion to US$27 billion over 10 years.

Telix sells diagnostic products and is developing treatments for prostate, brain and kidney cancers; its merger with Germany’s ITM also brings access to key medical isotopes.

Radiopharm and the FDA agreed on a proposed Phase III trial plan for RAD-101, a PET imaging drug intended to help assess brain metastases in people with solid tumours.

The planned trial aims to enrol about 280 patients whose brain metastases remain uncertain after radiotherapy, and will test the drug’s ability to identify them.

The trial’s next step is to test RAD-101 in patients, though no start date is given.

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