Here's why the Kazia Therapeutics (ASX:KZA) share price got a 6% boost today

Kazia's investigational drug, Paxalisib, is set to be involved in its ninth ongoing clinical study.

Two staff in a medical research laboratory wearing masks and caps work on their tests, representing the performance of ASX healthcare shares in FY22

Image Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Shares in Kazia Therapeutics Ltd (ASX: KZA) lifted today after news its investigational drug Paxalisib will be part of another study for the treatment of brain cancer. At market close, the Kazia share price is $1.40 – 6.87% higher than its previous closing price.

The investigation will see Kazia partnering with US-based Joan & Sanford I Weill Medical College at Cornell University in New York.

The two organisations will launch a phase II clinical study combining Paxalisib with ketogenesis, the body's own metabolic process in breaking down fatty acids.

Kazia states the combination has the potential to treat symptoms of glioblastoma, a common and aggressive type of brain cancer.

It's the ninth ongoing clinical study to involve Paxalisib.

New clinical study

Paxalisib has been developed as a treatment for glioblastoma. The drug is an inhibitor of the brain-penetrant PI3K pathway. Blocking the pathway has so far shown to effectively treat glioblastoma.

In the newly announced clinical trial, Paxalisib is being combined with the human body's response to the 'ketogenic diet'. It sees the body using proteins and fats instead of glucose as fuel for energy.

In metabolising fats and proteins, the human body breaks them down into ketones.

Tumour cells can't metabolise ketones well, so cancers can effectively 'starve' on a ketogenic diet. The ketogenic diet also enhances the PI3K pathway.

Trial participants will also be given metformin, a drug that lowers insulin levels. Insulin has been shown to also enhance the PI3K pathway.

The study will involve around 32 patients. Of those, 16 will have previously been unsuccessfully treated with standard-of-care treatments for glioblastoma. The other 16 will have not only have undergone unsuccessful standard treatment, but their glioblastomas will have progressed through their treatment.

The primary endpoint will be progression-free survival at six months. The study will take approximately two years to complete.

Kazia will provide the drug and a financial grant for the study.

Kazia Therapeutics share price snapshot

The Kazia Therapeutics share price is performing well on the ASX lately.

Currently, it's 20% higher than it was at the start of 2021. It's also gained 250% since this time last year.

The company has a market capitalisation of around $185 million, with approximately 129 million shares outstanding.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Healthcare Shares

Scientist looking at a laptop thinking about the share price performance.
Healthcare Shares

Mesoblast just cleared a key FDA hurdle. So why are investors exiting?

Mesoblast shares slide to a 2-month low despite positive FDA feedback on its lead cell therapy product.

Read more »

Man leaps as he runs along the street.
Healthcare Shares

ASX 300 stock jumps 6% on strong half-year results and cash flow surge

Let's see how this medical device company performed during the first half.

Read more »

Two boys lie in the grass arm wrestling.
Healthcare Shares

Is CSL or Sonic Healthcare the smarter ASX healthcare share buy?

This ASX heavyweight has potential to deliver superior returns but is more volatile.

Read more »

Doctor sees virtual images of the patient's x-rays on a blue background.
Healthcare Shares

Up more than 800% in a year. Why this ASX medical tech stock just hit an all-time high

4DMedical shares have surged over 800% as US hospital adoption and FDA clearance drive momentum.

Read more »

A retiree relaxing in the pool and giving a thumbs up.
Healthcare Shares

1 ASX dividend stock down 36% I'd buy right now

This business looks like it’s priced too cheaply.

Read more »

Researchers and doctors with futuristic 3d hologram overlay for body anatomy or dna in hospital clinic.
Healthcare Shares

Why investors are watching this ASX healthcare stock

A fresh clinical update has been released.

Read more »

A Sonic Healthcare medical researcher wearing a white coat sits at her desk in a laboratory conducting a COVID-19 test
Healthcare Shares

This biotech is up more than 20% on new deal news

Revenue will flow under this global deal just announced.

Read more »

A male doctor and a woman in scrubs in the foreground smile.
Healthcare Shares

The next 3 years could be huge for this ASX healthcare stock. Here's why

Today's update has put this ASX healthcare stock back in the spotlight as investors reassess its long-term growth potential.

Read more »