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Kazia Therapeutics initiated with a Buy at Laidlaw

Laidlaw initiated coverage of Kazia Therapeutics (KZIA) with a Buy rating and $25 price target Kazia is developing paxalisib, a novel dual PI3K/mTOR inhibitor, as a potential triple negative breast cancer treatment, the analyst tells investors in a research note. The firm says paxalisib already demonstrated “promising” early signs of clinical efficacy. It believes 2026 and 2027 could be a “catalyst-rich period” for Kazia.

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