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Stock impact report

Why Is Brain Cancer-Focused Kazia Therapeutics Stock Trading Lower On Tuesday? [Yahoo! Finance]

Kazia Therapeutics Limited - American Depositary Shares (KZIA) 
US:NASDAQ Investor Relations: kaziatherapeutics.com
Company Research Source: Yahoo! Finance
Kazia Therapeutics Limited (NASDAQ: KZIA ) stock is trading lower on Tuesday after the company provided a regulatory update on paxalisib for glioblastoma (GBM) following its Type C clinical meeting with the FDA In July 2024, the company reported topline results from the GBM-AGILE study in which newly diagnosed unmethylated patients with glioblastoma treated with paxalisib showed a clinically meaningful improvement in a prespecified secondary analysis for overall survival (OS) compared to standard of care Based on these results and the totality of data from all completed paxalisib clinical studies, Kazia requested a meeting with the FDA to discuss potential clinical and regulatory paths forward. Following discussions with the FDA and feedback from Kazia's recent Type C meeting, the FDA's current position is that data on overall survival would generally not be appropriate for accelerated approval but could be considered to support a traditional/standard approval. The agency fur Show less Read more
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