Kazia Therapeutics Says Its Lead Program, Paxalisib, Has Secured Fast Track Designation From FDA
Portfolio Pulse from Benzinga Newsdesk
Kazia Therapeutics has announced that its lead program, paxalisib, has been awarded Fast Track Designation by the FDA for the treatment of solid tumor brain metastases. This designation will expedite the review of the drug, potentially leading to quicker market access.
July 06, 2023 | 11:02 am
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Kazia Therapeutics' paxalisib has received Fast Track Designation from the FDA. This could expedite the drug's review process and potentially lead to quicker market access, which may positively impact the company's stock in the short term.
Fast Track Designation by the FDA is a significant regulatory milestone that can expedite the review and approval process of a drug. This could potentially lead to quicker market access for paxalisib, which would be a positive development for Kazia Therapeutics. Therefore, this news is expected to have a positive impact on KZIA's stock in the short term.
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