Beware.
Kazia still linked to Novogen founder who now runs Noxopharm...DYOR
Sydney, 19 March 2019 – Kazia Therapeutics Limited (ASX: KZA; NASDAQ: KZIA), an Australian oncology-focused biotechnology company, is pleased to announce that it has entered into an arrangement to sell the remainder of its holding in the ordinary shares of Noxopharm Limited via a single block trade. Kazia expects the transaction to yield proceeds of approximately $2.1m, bringing the total gross proceeds from sale of our holding to approximately $2.4m. The proceeds of the transaction will be applied to Kazia’s own R&D programs, each of which will be yielding important data read-outs in Q2 calendar 2019. Kazia retains 3 million unlisted options in Noxopharm, with an exercise price of $0.80
Former Novogen ($NVGN) CEO Graham Kelly is raising money for a new Australian biotech called Noxopharm that is said to be ready with a Phase I oncology candidate, NOX66 (idronoxil), for later this year that also follows a path of a drug touted by his former firm to overcome chemotherapy resistance.Kelly hopes to get up and running with AU$6 million via an initial public offering on the Australian Stock Exchange (ASX) of 30 million shares at $0.20 each, the company said in a statement."NOX66 is an innovative dosage form of the drug candidate, idronoxil. Idronoxil overturns drug-resistance mechanisms, but has failed in clinical studies to reproduce the potency observed in the laboratory," the company said in the release.
- Forums
- ASX - By Stock
- Four ASX cancer stocks to watch...NAB Trade
Beware. Kazia still linked to Novogen founder who now runs...
Featured News
Add PTX (ASX) to my watchlist
|
|||||
Last
4.4¢ |
Change
0.003(7.32%) |
Mkt cap ! $35.43M |
Open | High | Low | Value | Volume |
4.1¢ | 4.4¢ | 4.0¢ | $20.95K | 507.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 216927 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 238807 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 216927 | 0.040 |
4 | 374358 | 0.039 |
3 | 750222 | 0.038 |
9 | 742682 | 0.037 |
7 | 598944 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 238807 | 2 |
0.045 | 423919 | 4 |
0.046 | 298002 | 2 |
0.047 | 488389 | 2 |
0.048 | 200000 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
PTX (ASX) Chart |