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

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
Healthcare Shares

Why are Mesoblast shares jumping 10% to a 52-week high?

This biotech is hitting new highs on Friday. Let's find out why.

Read more »

a group of surgeons in full surgery dress including masks, gloves and head coverings stands together with arms folded and smiling eyes as if happy with the outcome of their efforts.
Healthcare Shares

Ansell shares tumble to a 3-month low. Is this a buying opportunity?

Ansell shares have slid to a 3-month low. Could oversold signals point to a buying opportunity for long-term investors?

Read more »

Female scientist working in a laboratory.
Healthcare Shares

These three biotechs show how the sector can produce huge outsized gains, but are they still good value?

These drug developers' shares are trading near 12-month highs.

Read more »

A medical specialist holds a red heart connected via technology and artificial intelligence.
Healthcare Shares

This biotech is approaching 20-bagger status within a year and the good news continues to come

This company has just won approval to go ahead with a key clinical trial.

Read more »

An investor sits at a table in front of her laptop with a party hat on her head and a cake next to her symbolising new year's eve but the 4DS Memory share price is plunging so she looks very disappointed and depressed
Healthcare Shares

$5 billion ASX 200 healthcare stock tumbling on CEO exit

Investors are bidding down the ASX 200 healthcare giant on Thursday. Let’s see why.

Read more »

woman testing substance in laboratory dish, csl share price
Share Market News

After a 73% surge this ASX healthcare share looks far from done

Brokers are upbeat, and some see possible gains of 90% in 2026.

Read more »

Female scientist working in a laboratory.
Healthcare Shares

Which biotech's shares are surging higher on US patent news?

Investors like what they see from this drug company.

Read more »

Medical workers examine an xray or scan in a hospital laboratory.
Healthcare Shares

This biotech company's shares are on a tear – again – after another contract win

A new contract with a prestigious US institution spells good news for shareholders.

Read more »