On December 27, 2017 Kazia Therapeutics Limited (ASX: KZA, NASDAQ: KZIA) and Noxopharm Limited (ASX: NOX) reported the creation of a collaboration to support the future development of the Noxopharm lead program, NOX66 (Press release, Kazia Therapeutics, DEC 27, 2017, View Source [SID1234538107]).

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Under the terms of the collaboration, Kazia will provide certain technical information and related proprietary information that is expected to assist and expedite the successful development of NOX66. In return, Kazia has agreed to take a small equity interest in Noxopharm, which will help to align the future interests of both companies.

Kazia CEO, Dr James Garner, commented, "we are delighted to facilitate the future success of NOX66, and we look forward to assisting and following the progress of the program with keen interest."

Noxopharm CEO, Dr Graham Kelly, commented, "the collaboration with Kazia helps to ensure that the major clinical program planned in 2018 for NOX66 will proceed smoothly and with certainty. We look forward to providing our shareholders with data as the various clinical studies progress."