Telix Pharmaceuticals completes the acquisition of France-based biotechnology company Atlab Pharma

Telix Pharmaceuticals (ASX: TLX) completes the acquisition of French biotechnology company Atlab Pharma for USD$10 million in shares. Biopharmaceutical company Telix address unmet medical need in prostate, rental and brain cancer by developing a portfolio of clinical-stage oncology products while France-based Atlab Pharma is a developer of antibody-targeted anti-cancer drugs.

With this takeover, Telix would acquire the Atlab’s rights to an extensive clinical data set in nearly 200 patients that provides intensive information to the development of TLX591, anti-PSMA radiopharmaceutical. It would also bring in the rights and materials necessary to develop the most widely clinically-advanced anti-PSMA antibody, huJ591.  [optin-monster-shortcode id=”wxhmli4jjedneglg1trq”]

Melbourne-based acquirer renegotiated the deal for Atlab’s material background intellectual property licenses, especially with BZL Biologics LLC as BZL holds a portfolio of patents originating from Professor Neil Bander’s laboratory. These patents will support the combinational use of anti-PSMA therapeutics with anti-androgen drugs, thus fostering the expansion of TLX591 program.

In the settlement of purchase consideration Telix will issue its shares to Atlab and BZL shareholders at 0.89 per share for USD$9 million and USD$500,000, respectively. For remaining consideration of USD$500,000, Telix will issue warrants over its shares to BZL, at an exercise price of $1.34 per share with an expiry after four years from grant.

Telix Pharmaceuticals’ share price edged up by 0.606% to $0.803 on 14 September 2018 (12:27 PM AEST). Over the last six months, the stock has seen a performance change of +65%.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report