Copper-based radiopharmaceuticals for cancer imaging and therapy, SAR-bisPSMA lead program
Historical delivery and spending consistency. Data is limited for recently added companies.
Outcome quality (positive/negative readouts) reflects the science, not execution — shown above but excluded from the score.
These metrics reflect historical operational data only. They are not predictive of future performance, do not constitute investment advice, and should not be used as the basis for any investment decision.
Australian biotechs with < $20M aggregated turnover can claim a 43.5% refundable tax offseton eligible R&D expenditure each financial year (Jul–Jun). This is paid as a cash refund by the ATO — not a tax deduction — making it non-dilutive capital that directly extends cash runway.
Companies register eligible R&D activities with AusIndustry during the year, then lodge their tax return after 30 June. Refunds typically arrive October–Decemberof the same calendar year. For a company spending $5M/year on R&D, this is a ~$2.2M annual cash inflow.
Peer-reviewed papers & conference abstracts via PubMed
| Event | Type | Confidence | Impact | Date | Status |
|---|---|---|---|---|---|
| SARTATE Phase 3 NETs trial start FDA-agreed Phase III of Cu-64 SARTATE imaging in neuroendocrine tumours, recruitment starting 2026 | data readout | Confirmed | removeMed | 30 June 2026 | Upcoming |
| CLARIFY trial enrolment close Phase III CLARIFY imaging trial recruitment completion expected 2026 | data readout | Expected | arrow_upwardHigh | 30 June 2026 | Upcoming |
| AMPLIFY Phase 3 topline data Registrational Phase III diagnostic trial in BCR prostate cancer. Enrolment target achieved March 2026, data expected H2 2026 | data readout | Expected | arrow_upwardHigh | 30 Sept 2026 | Upcoming |
| SECuRE Phase I/IIa continued enrolment Cu-67 SAR-bisPSMA therapy trial, PSA responses in early cohort including undetectable PSA | data readout | Expected | arrow_upwardHigh | 31 Dec 2026 | Upcoming |
| Clarity receives $9.8 million R&D tax incentive refundopen_in_new Clarity Pharmaceuticals received a $9.8 million R&D tax incentive refund from the Australian Federal Government for eligible R&D activities in FY2025. The non-dilutive funding will extend cash runway and support development of the company's Targeted Copper Theranostic platform, including SAR-bisPSMA and SARTATE products in late-stage trials. | other | Confirmed | removeMed | 13 May 2026 | Completed |
| Results posted — 64Cu-SAR-bisPSMA for Identification of Participants With Recurrence of Prostate open_in_new Results available at https://clinicaltrials.gov/study/NCT05249127 | data readout | Confirmed | arrow_upwardHigh |
| 13 Apr 2026 |
| Completed |
| Results posted — 64Cu-SAR-BBN for Identification of Participants With Recurrence of Prostate Cancopen_in_new Results available at https://clinicaltrials.gov/study/NCT05407311 | data readout | Confirmed | arrow_upwardHigh | 13 Apr 2026 | Completed |
| Results posted — 64Cu-SAR-bisPSMA for Identification of Participants With Recurrence of Prostate open_in_new Results available at https://clinicaltrials.gov/study/NCT05249127 | data readout | Confirmed | arrow_upwardHigh | 8 Apr 2026 | Completed |
| Results posted — 64Cu-SAR-BBN for Identification of Participants With Recurrence of Prostate Cancopen_in_new Results available at https://clinicaltrials.gov/study/NCT05407311 | data readout | Confirmed | arrow_upwardHigh | 8 Apr 2026 | Completed |
| EAU Congress 2026 oral presentation | conference presentation | Confirmed | removeMed | 16 Mar 2026 | Completed |