Perion Network Sees Upbeat Q2 Revenue; FDA's FTD Boosts Kazia
- July 06th, 2023
- 326 views
Perion Network Ltd. (Nasdaq: PERI) has released its preliminary results, revealing an anticipated second-quarter 2023 revenue of $176 million, marking a 20% year-over-year increase. This projection surpasses the consensus estimate of $169.88 million for the period.
In pre-market trading, $PERI was observed at $33.18, reflecting a notable rise of $2.30 (7.45%).
In other news, Kazia Therapeutics Limited (Nasdaq: KZIA) has obtained Fast Track Designation (FTD) from the FDA for its drug paxalisib, intended for the treatment of solid tumor brain metastases with PI3K pathway mutations in conjunction with radiation therapy.
FTD aims to accelerate the development of pharmaceutical products addressing unmet medical needs, granting Kazia enhanced access to the FDA, including accelerated approval and priority review possibilities, potentially facilitating faster product approval.
$KZIA was trading at $1.52 in pre-market, up $0.35 (29.91%) following the announcement
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