5 Overlooked Growth Stocks to Buy Now

4. ​Telix Pharmaceuticals Limited (NASDAQ:TLX)

​Telix Pharmaceuticals Limited (NASDAQ:TLX) is one of the overlooked growth stocks to buy now. On April 14, Telix Pharmaceuticals announced the dosing of the first patient in its pivotal Phase 3 IPAX-BrIGHT trial. This marks a historic milestone as the first radiopharmaceutical therapy to reach Phase 3 development for recurrent glioblastoma, a highly aggressive and difficult-to-treat form of brain cancer. The trial is evaluating the safety and efficacy of TLX101-Tx (¹³¹I-iodofalan) in combination with the chemotherapy drug lomustine, compared to chemotherapy alone.

The treatment uses a novel small-molecule approach to target the L-type amino acid transporter 1 (LAT1). Because LAT1 is overexpressed in glioblastoma cells, the radiopharmaceutical can successfully cross the blood-brain barrier to deliver targeted radiation directly to the tumor site. This mechanism is particularly significant given that only two drugs have been FDA-approved for glioblastoma in the last 25 years, and there is currently no established standard of care for patients once the disease recurs.

The Phase 3 study builds on encouraging data from earlier trials, such as IPAX-1, which showed a median overall survival of 13 months from the start of treatment. In the IPAX-BrIGHT trial, Telix’s companion PET imaging agent, TLX101-Px, will be used to select eligible patients and monitor their metabolic response to the therapy. With regulatory approvals already secured in Australia and several European nations, ​Telix Pharmaceuticals Limited (NASDAQ:TLX) aims for this registration-enabling study to establish a first-in-class therapy for a patient population with very limited options.

​Telix Pharmaceuticals Limited (NASDAQ:TLX) is a biopharma company that specializes in therapeutic and diagnostic radiopharmaceuticals and associated medical technologies. The company develops clinical and commercial-stage products to address unmet medical needs in oncology and rare diseases.