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 young woman holds an open book over her head with a round mouthed expression as if to say oops as she looks at her computer screen in a home office setting with a plant on the desk and shelves of books in the background.
Healthcare Shares

This ASX All Ords share is diving 18% as inflation pain draws blood

This healthcare company delivered a trading update at its annual general meeting today.

Read more »

Shot of a young scientist using a digital tablet while working in a lab.
Healthcare Shares

Up 427% this year, why today is a big day for Mesoblast shares

Why is everyone talking about Mesoblast shares on Friday?

Read more »

A man holds his hand under his chin as he concentrates on his laptop screen and reads about the ANZ share price
Healthcare Shares

Is this beaten-down ASX healthcare share a bargain buy now?

One expert has given their view on this stock.

Read more »

drug capsule opening up to reveal dollar signs signifying rising asx share price
Healthcare Shares

3 ASX healthcare shares going gangbusters on Thursday

Investors are sending these ASX healthcare stocks soaring today. But why?

Read more »

Two lab workers fist pump each other.
Healthcare Shares

Is it time to cash in on Sigma shares?

Shares have extended after the Chemist Warehouse merger.

Read more »

Person holding Australian dollar notes, symbolising dividends.
Healthcare Shares

Buy this ASX 200 share that is swimming in cash

Bell Potter sees potentially big returns on offer from this cashed-up stock.

Read more »

Shot of a scientist using a computer while conducting research in a laboratory.
Healthcare Shares

Are CSL shares a buy after the biotech's FY25 forecasts?

Brokers continue to weigh in.

Read more »

Female pharmacist smiles with a digital tablet.
Healthcare Shares

Are Wesfarmers or Sigma shares a better buy in the pharmacy arena?

These two stocks are both leaders in the industry.

Read more »