24/7 Market News – (NASDAQ: KZIA) KAZIA THERAPEUDICS LIMITED shares are moving higher today on FDA approval news; shares are trading at $4.75 and are up more than 13% an hour and a half before the open.

More than 6,167 shares have traded as the stock begins to surge. The editor has bough shares and will trade KZIA as he desires on this news. The stock hit over $6. On previous news on close to 13 million in volume, which was the company’s highest volume day.

US FDA AWARDS RARE PEDIATRIC DISEASE DESIGNATION (RPDD) TO PAXALISIB FOR AT/RT, A RARE FORM OF CHILDHOOD BRAIN CANCER

SYDNEY, July 6, 2022 /PRNewswire/ — Kazia Therapeutics Limited (NASDAQ: KZIA; ASX: KZA), an oncology-focused drug development company, is pleased to announce that the United States Food and Drug Administration (FDA) has awarded Rare Pediatric Disease Designation (RPDD) to Kazia’s paxalisib for the treatment of atypical rhabdoid / teratoid tumors (AT/RT), a rare and highly-aggressive childhood brain cancer.