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September 1, 2026

Kazia closes oversubscribed offering to fund paxalisib’s clinical development

Kazia Therapeutics has closed an oversubscribed public offering that could provide the company with up to $120m in gross proceeds if all milestone-linked warrants are exercised, aimed primarily at funding clinical development of paxalisib.

Kazia’s other development programmes include EVT801, NDL2, and MSETC, with research underway across several solid tumour types. Credit: Zolnierek_photography / Shutterstock.com.