Kazia out-licenses lead product in Greater China
Shares of Australia oncology-focused drug developer Kazia Therapeutics (ASX: KZA) closed up 10% at A$1.59 today, and rose as much as 20% pre-market, after it announced a licensing deal for its lead candidate paxalisib.
Kazia has entered into a licensing agreement with Simcere Pharmaceutical Group (HK: 2096) to develop and commercialize paxalisib in Greater China, that could earn the firm nearly $300 million.
Key Points of the accord
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