Edison issues ADR update on Kazia Therapeutics (KZIA)
LONDON, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Kazia Therapeutics has commenced the Phase II program for GDC-0084 in glioblastoma (GDC-0084 was in-licensed from Genentech in 2016). Initial data from the Phase IIa dose optimization component are expected in H119, with a subsequent Phase IIb study expected to read out in 2021. The Phase I study of Cantrixil in ovarian cancer is in the final stages of determining the maximum tolerated dose. Our valuation range is unchanged at $56m to $101m ($11.10–20.16 per share).
Our indicative valuation range is unchanged at $56–101m or $11.10–20.16 per share, under either post-Phase III approval or accelerated approval scenarios for GDC-0084. Rolling forward our DCF model to FY19 has been offset by deferring first revenues from a Cantrixil license deal from FY19 to FY20.
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