Kazia Therapeutics Secures $2 Million in Premium Private Placement to Advance Cancer Drug Development

Reuters

08-01

<a href="https://laohu8.com/S/KZA.AU">Kazia Therapeutics</a> Secures $2 Million in Premium Private Placement to Advance Cancer Drug Development

Kazia Therapeutics Limited, a company focused on oncology drug development, announced a $2 million private placement with institutional investors. The transaction involves the sale of ordinary shares and pre-funded warrants at a 5% premium to the recent closing price. The funds will support the ongoing clinical development of Kazia's lead programs, including paxalisib and EVT801, as well as general corporate purposes. The transaction is set to close soon, pending customary conditions. Kazia plans to file a shelf registration statement with the SEC to register the resale of certain securities. CEO Dr. John Friend expressed gratitude for investor support and anticipation for upcoming clinical data releases.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kazia Therapeutics Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: CN42432) on August 01, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/NVGNF\">Kazia Therapeutics Limited</a> published the original content used to generate this news brief via PR Newswire (Ref. ID: CN42432) on August 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KZIA","symbol_name":"Kazia Therapeutics Limited","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250801:nNDL9lRqmM:1","article_id":"2556859815","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556859815","pubTimestamp":1754049650,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Kazia Therapeutics Limited, a company focused on oncology drug development, announced a $2 million private placement with institutional investors. 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