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flag FDA decisions caused stock fluctuations for cancer drug developers Kazia Therapeutics and Verastem Oncology.

flag Kazia Therapeutics' stock dropped after the FDA said overall survival data isn't suitable for accelerated approval of its glioblastoma treatment, paxalisib, but could support standard approval. flag Meanwhile, Verastem Oncology's stock rose 26.4% as the FDA accepted its NDA for avutometinib, aimed at treating recurrent ovarian cancer with a KRAS mutation. flag The application has a PDUFA action date of June 30, 2025.

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