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Kazia Therapeutics substantial holder increases position

Kazia recently completed recruitment for the phase II clinical trial testing its development drug paxalisib on aggressive brain cancer.

Kazia Therapeutics Ltd - Kazia Therapeutics substantial holder grows position
Data from the study will be revealed at an upcoming cancer conference on 24-29 April 2020

Kazia Therapeutics Ltd (ASX:KZA) (NASDAQ:KZIA) substantial shareholder The Bank of New York Mellon Corporation has increased its shareholding to 28.54%.

A number of purchases throughout the month of March 2020 has grown the holding from 19.79 million shares to 20.59 million shares.

Trial recruitment recently completed

Kazia is an oncology-focused biotechnology company developing the drug paxalisib to treat brain cancer.

The company recently completed recruitment for the phase II clinical trial in newly-diagnosed glioblastoma (aggressive brain cancer).

30 patients were recruited at six sites in the US and the final patient commenced dosing on 27 February 2020.

Kazia has been accepted for a poster presentation at the upcoming American Association for Cancer Research (AACR) annual meeting in San Diego, CA on 24-29 April 2020.

Quick facts: Kazia Therapeutics Ltd

Price: 0.465 AUD

ASX:KZA
Market: ASX
Market Cap: $33.56 m
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