Telix, Grupo RPH ink production & distribution agreement in Brazil
Category: #health  By Mateen Dalal  Date: 2019-07-03
  • share
  • Twitter
  • Facebook
  • LinkedIn

Telix, Grupo RPH ink production & distribution agreement in Brazil

The agreement gives Grupo RPH exclusive right to manufacture and distribute the TLX591-Cdx in the Latin American market

Clinical-stage biopharmaceutical firm Telix Pharmaceutical has reportedly signed a manufacturing and distribution agreement with Grupo RPH.

Grupo RPH will become the contract manufacturer as well as distributor for Telix in Brazil. According to an official statement, their initial focus as partners will be on TLX591-CDx (68Ga-PSMA-11) for prostate cancer imaging, but the contract agreement is built so as to allow Telix to include other products as well later on.

Rafael Madke, Grupo RPH Managing Director stated that Telix’s rapid expansion over the past year has been remarkable, and with Grupo RPH holding the upper hand in the Brazilian market owing to its proficiency to fabricate and distribute radiopharmaceuticals, the company will be able to support Telix’s commercial goals cost-effectively.

Telix Vice President for Corporate Development, Ludovic Wouters was quoted saying that the alliance offers their gallium-68 based nuclear medicinal products a massive and rapidly growing market. He further added they were looking forward to working with Grupo RPH to introduce their prostate cancer imaging technology into the Latin American market.

For the uninitiated, Telix Pharmaceuticals Limited is a global clinical-stage biopharmaceutical corporation aimed at the development of therapeutic and diagnostic radiopharmaceutical products based on molecularly targeted radiation (MTR). The Melbourne-headquartered company has international businesses in Indianapolis (US), Brussels (UK), and Kyoto (Japan).

Supposedly, the company is aiming to develop a portfolio of clinical-stage oncology offerings which can tackle numerous unmet needs of patients with prostate, renal and brain cancer.

Grupo RPH commercially offers 8 different Cold Kits for Ga68 and Tc99m manufacturing in the Brazilian market. The firm also owns the GMP manufacturing facility based in Brazil for radiopharmaceutical products and exports its products throughout the country for serving more than 400 customers every day. The company is also known to have pioneered Brazil’s centralized radio-pharmacy model.

 

Source credit: https://www.globenewswire.com/news-release/2019/07/03/1877635/0/en/Telix-Pharmaceuticals-and-Grupo-RPH-Sign-LATAM-Manufacturing-and-Distribution-Agreement.html?print=1

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

Mateen has completed his Bachelor’s degree in electronics and telecommunication engineering, post which he lent his proficiency to the industry, working as a quality and test engineer. Drawn intricately toward the field of content creation however, Mateen soon switc...

Read More

More News By Mateen Dalal

UAE extends travel ban for Indians amid strict COVID-19 guidelines
UAE extends travel ban for Indians amid strict COVID-19 guidelines
By Mateen Dalal

United Arab Emirates (UAE) has reportedly extended travel ban for individuals travelling from India and several other south Asian countries on the pretext of COVID-19 guidelines. As reported by Etihad Airlines, the ban will be followed till 31st July...

Adevinta Ventures backs Lovys's Series A follow-on investment round
Adevinta Ventures backs Lovys's Series A follow-on investment round
By Mateen Dalal

Adevinta Ventures, an investment arm of Adevinta, has announced its investment in French insurance service provider ‘Lovys’, marking as its first investment in France in the Fintech and Insurtech sector. With this investment, Adevinta Ve...

Indian EV startup eBikeGo expands fleet to 2,100, hires 70 employees
Indian EV startup eBikeGo expands fleet to 2,100, hires 70 employees
By Mateen Dalal

The company is aiming for achieving a 2% share in the Indian electric two-wheeler market, with plans to deploy 200,000 e-scooters across 100 cities eBikeGo, an electric vehicle startup, has recently revealed that it has increased its fleet of electr...