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Wednesday, November 18, 2020

Kazia jumps on positive paxalisib data in glioblastoma

  • Kazia Therapeutics (NASDAQ:KZIA) soars 22% after-hours after announcing new paxalisib data which will presented at SNO Annual Meeting, held virtually from 19-21 November 2020.
  • New interim analysis of paxalisib phase II study in glioblastoma is highly consistent with prior data.
  • Median progression-free survival (PFS) of 8.4 months vs. 5.3 months for temozolomide, the existing standard of care.
  • Median overall survival (OS) of 17.5 months reported, vs. 12.7 months for temozolomide.
  • Phase 1 study in DIPG shows paediatric maximum tolerated dose (MTD) of 27 mg/m2, with safety profile and pharmacokinetics similar to adult data.
  • In terms of PFS, the proportion of patients alive and progression-free at six months was 96%, which compares favorably to an historical control of 58%.
  • The company expects final data from both paxalisib phase II study and DIPG study in H1 2021.
  • The paxalisib arm of the GBM AGILE study has moved into an operational phase, and first patient in is expected early in Q1 2021.
  • Kazia will hold a conference call on November 18, 8pm ET to discuss the results further.
  • https://seekingalpha.com/news/3637356-kazia-stockplus-22-on-positive-paxalisib-data-in-glioblastoma

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