News and Announcements
Kazia, an Australian oncology-focused biotechnology company is pleased to announce the results of its Extraordinary General Meeting of shareholders
- Published December 16, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Sydney, 20 December 2019 – Kazia Therapeutics Limited (ASX: KZA; NASDAQ: KZIA), an Australian oncology-focused biotechnology company, is pleased to announce the results of its Extraordinary General Meeting of shareholders.
All resolutions were carried. The vote totals are attached. Kazia Chairman, Iain Ross, commented “we were pleased to complete our recent financing on terms that the Board considers very favourable, and with strong support from high-quality institutional investors. We have already begun putting the proceeds of this financing round to work, with the commencement of preparatory work on the ground-breaking GBM AGILE trial. Looking forward, calendar 2020 will see further transformative data read-outs across our pipeline, and the commencement of recruitment into GBM AGILE, which we expect to be the pivotal study to support FDA approval of GDC-0084. Today’s EGM result leaves the company with the flexibility and agility to seize any and all opportunities to further drive shareholder value in the year ahead, and we thank shareholders for their continuing support.”
TRX-E-002-1 (Cantrixil), is a third-generation benzopyran molecule with activity against cancer stem cells and is being developed to treat ovarian cancer. TRX-E-002-1 is currently undergoing a phase I clinical trial in Australia and the United States. Interim data was presented at the ESMO Congress in September 2019, and the study remains ongoing. Cantrixil was granted orphan designation for ovarian cancer by the US FDA in April 2015.
About Kazia Therapeutics Limited
Kazia Therapeutics Limited (ASX: KZA, NASDAQ: KZIA) is an innovative oncology-focused biotechnology company, based in Sydney, Australia. Our pipeline includes two clinical-stage drug development candidates, and we are working to develop therapies across a range of oncology indications.
Our lead program is GDC-0084, a small molecule inhibitor of the PI3K / AKT / mTOR pathway, which is being developed to treat glioblastoma, the most common and most aggressive form of primary brain cancer in adults. Licensed from Genentech in late 2016, GDC-0084 entered a phase II clinical trial in 2018. Interim data was reported in November 2019, and further data
is expected in 1H 2020. GDC-0084 was granted orphan designation for glioblastoma by the US FDA in February 2018.
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