Kazia Announces The Release Of PNOC022 Clinical Study Abstract Highlighting Paxalisib In Diffuse Midline Glioma Patients Ahead Of The Society Of Neuro-Oncology 2023 Annual Meeting
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Kazia Therapeutics Limited (KZIA) released an abstract for the PNOC022 clinical study, which will be presented at the Society of Neuro-Oncology 2023 Annual Meeting. The study shows promising results for paxalisib in treating Diffuse Midline Glioma (DMG), with a median overall survival of 16.5 months compared to the standard of care's 8-11 months. Paxalisib has received Rare Pediatric Disease Designation from the FDA, potentially leading to a priority review voucher.
November 15, 2023 | 1:35 pm
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Kazia Therapeutics' abstract release for the PNOC022 study shows paxalisib could significantly improve survival in DMG patients. With FDA's Rare Pediatric Disease Designation, KZIA may receive a priority review voucher, enhancing the drug's commercial potential.
The positive preliminary results from the PNOC022 study suggest that paxalisib could become a significant treatment option for DMG, potentially improving the company's revenue prospects. The Rare Pediatric Disease Designation by the FDA and the possibility of obtaining a priority review voucher, which can be highly valuable, are likely to be viewed positively by investors, potentially increasing KZIA's stock price in the short term.
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