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Paxalisib breast cancer trial triples size at Kazia (NASDAQ: KZIA)

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Rhea-AI Filing Summary

Kazia Therapeutics is expanding its ongoing Phase 1b trial of lead drug paxalisib in advanced triple negative breast cancer. Planned enrollment will rise from 12 to 36 patients after continued encouraging safety, tolerability and early clinical activity in combination with pembrolizumab and chemotherapy.

The larger study is intended to refine dosing and better assess early measures of benefit such as objective response rate, progression-free survival and translational biomarkers. Kazia highlights preclinical data supporting dual PI3K/mTOR inhibition in TNBC and notes that additional clinical updates are anticipated throughout 2026 and into 2027.

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Insights

Trial expansion reflects encouraging early signals but remains an early-stage, high‑risk program.

Kazia is tripling enrollment in its Phase 1b paxalisib trial in advanced triple negative breast cancer from 12 to 36 patients. This move typically indicates acceptable safety and enough preliminary activity to justify a larger dataset, still within an exploratory setting.

The study focuses on paxalisib plus pembrolizumab and chemotherapy, with objectives including safety, dose optimization, objective response rate and progression-free survival. Results will be based on a small, open-label cohort, so outcomes may not predict later-stage trials. Subsequent disclosures across 2026–2027 will clarify whether the signal remains strong.

Planned enrollment (before) 12 patients Initial Phase 1b paxalisib TNBC trial enrollment
Planned enrollment (after expansion) 36 patients Expanded Phase 1b paxalisib TNBC trial enrollment
TNBC share of breast cancer 15 to 20 percent Proportion of all breast cancer diagnoses attributed to TNBC
Paxalisib clinical trials 10 clinical trials Number of clinical studies paxalisib is or has been part of
GBM-Agile report year 2024 Phase 2/3 glioblastoma study completion and reporting year
Glioblastoma Orphan designation year February 2018 FDA Orphan Drug Designation for paxalisib in glioblastoma
Glioblastoma Fast Track year August 2020 FDA Fast Track Designation for paxalisib in glioblastoma
Brain metastases Fast Track year July 2023 FDA Fast Track Designation for paxalisib in solid tumor brain metastases
Phase 1b financial
"plans to expand its ongoing Phase 1b clinical trial evaluating lead asset paxalisib"
"Phase 1b" is an early stage in testing a new medical treatment or vaccine, where it is given to a small group of people to evaluate its safety and determine the right dose. For investors, this phase signals progress in development, indicating the treatment is advancing through initial safety checks, which can influence expectations for future success and potential market impact.
triple negative breast cancer medical
"patients with advanced triple negative breast cancer (“TNBC”)"
Triple negative breast cancer is a type of breast cancer that lacks three common markers used to identify and target the disease, making it more challenging to treat. It tends to grow and spread more quickly than other forms, which can lead to more aggressive outcomes. Its complexity can impact medical research and treatment developments, influencing investor interest in healthcare companies working on new therapies.
objective response rate medical
"provide a more meaningful assessment of objective response rate (“ORR”), progression-free survival"
The objective response rate (ORR) is the percentage of patients in a clinical trial whose tumors measurably shrink or disappear according to preset rules. Investors use it as a quick, objective signal of a drug’s ability to produce a clear treatment effect—like counting how many plants visibly respond after applying a new fertilizer—and higher ORR can improve odds of regulatory approval, commercial success, and company valuation.
Orphan Drug Designation regulatory
"Paxalisib was granted Orphan Drug Designation for glioblastoma by the U.S. Food and Drug Administration"
Orphan drug designation is a special status given to medicines developed to treat rare diseases affecting only a small number of people. This status often provides benefits like faster approval processes and financial incentives, making it more attractive for companies to develop these drugs. For investors, it signals potential for exclusive market rights and reduced competition, which can impact the drug’s profitability.
Fast Track Designation regulatory
"Fast Track Designation (FTD) for glioblastoma in August 2020"
A "fast track designation" is a process that speeds up the review and approval of a product or project, allowing it to reach the market or be completed more quickly than usual. For investors, it can signal that a product may become available sooner, potentially leading to earlier revenue or benefits, and indicating a priority status that might influence company performance and market opportunities.
Rare Pediatric Disease Designation regulatory
"Paxalisib was granted Rare Pediatric Disease Designation and Orphan Drug Designation by the FDA"
A rare pediatric disease designation is an official regulatory status given to a drug or therapy that targets a serious or life‑threatening condition primarily affecting children and is uncommon in the population. It matters to investors because the status often brings financial and development perks — such as tax credits, reduced fees, faster review and periods of market protection — which can lower costs, speed approval and improve the commercial outlook; think of it as a VIP pass that makes bringing a scarce, child‑focused treatment to market easier and potentially more profitable.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the Month of May 2026

 

Commission File Number: 000-29962

 

Kazia Therapeutics Limited.

(Exact Name of Registrant as Specified in Its Charter)

 

Three International Towers Level 24 300 Barangaroo Avenue Sydney NSW 2000

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F       Form 40-F

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Press Release

 

On May 26, 2026, Kazia Therapeutics Limited (the “Company”) issued a press release titled “Kazia Therapeutics Expands Ongoing Phase 1b Trial of Paxalisib in Advanced Breast Cancer”. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Incorporation by Reference

 

The Company hereby incorporates by reference the information contained herein, including 99.1, except for the quotes of Dr. John Friend, Chief Executive Officer of the Company, contained in Exhibit 99.1, into the Company’s registration statements on Form F-3 (File Nos. 333-276091, 333-281937 and 333-294392).

 

EXHIBIT INDEX

 

Exhibit   Description
99.1   Press Release dated May 26, 2026.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Kazia Therapeutics Limited.
     
  By: /s/ John Friend
  Name: John Friend
  Title: Chief Executive Officer
     
Date: May 26, 2026    

 

2

 

Exhibit 99.1

 

Kazia Therapeutics Expands Ongoing Phase 1b Trial of Paxalisib in Advanced Breast Cancer

 

Planned Enrollment to Increase from 12 to 36 Patients Following Continued Encouraging Safety and Tolerability Data

 

SYDNEY, Australia, May 26, 2026 – Kazia Therapeutics Limited (NASDAQ: KZIA) (“Kazia” or the “Company”), a clinical-stage oncology company advancing therapies designed to reprogram cancer biology and overcome treatment resistance, today announced plans to expand its ongoing Phase 1b clinical trial evaluating lead asset paxalisib in combination with standard-of-care therapies in patients with advanced triple negative breast cancer (“TNBC”). Based on continued encouraging safety, tolerability and clinical activity data observed to date, planned enrollment has increased from 12 to 36 patients.

 

The expansion is intended to further evaluate the safety, tolerability, dose optimization and preliminary efficacy of the paxalisib-based combination regimen with pembrolizumab and chemotherapy. The expanded dataset is expected to provide a more meaningful assessment of objective response rate (“ORR”), progression-free survival (“PFS”) and translational biomarkers. Additional clinical trial updates are anticipated throughout 2026 and into 2027.

 

“We remain encouraged by the safety and tolerability data observed to date, and expanding enrollment allows us to generate a broader clinical and translational dataset as we advance paxalisib in difficult-to-treat advanced breast cancer, such as TNBC,” said Dr. John Friend, CEO, Kazia Therapeutics. “Paxalisib’s mechanism, modulating key resistance and immune-related pathways, addresses the very reasons that current therapies fail, and we believe it holds meaningful potential for an underserved patient population. While we planned to present scientific progress at ASCO 2026, we made the decision to withdraw our abstracts solely to protect our intellectual property position ahead of anticipated filings. The withdrawal was not related to any safety or clinical concerns. We expect to share additional clinical and translational updates in the coming months.”

 

The Phase 1b study is evaluating paxalisib in combination with established breast cancer regimens across multiple dose cohorts. The trial expansion is supported by a recently published preclinical study in Molecular Cancer Therapeutics, a journal of the American Association for Cancer Research (“AACR”), demonstrating that dual PI3K/mTOR inhibition with paxalisib altered tumor cell state and immune signaling in preclinical TNBC models. TNBC accounts for approximately 15 to 20 percent of all breast cancer diagnoses and is associated with poorer outcomes relative to other breast cancer subtypes.

 

About Kazia Therapeutics

 

Kazia Therapeutics (NASDAQ: KZIA) is an oncology-focused drug development company, based in Sydney, Australia. The Company’s lead asset, paxalisib, is an investigational brain penetrant inhibitor of the PI3K/Akt /mTOR pathway, which is being developed to treat multiple forms of cancer. Licensed from Genentech in late 2016, paxalisib is or has been the subject of 10 clinical trials. A completed Phase 2/3 study in glioblastoma (GBM-Agile) was reported in 2024, and discussions are ongoing for designing and executing a pivotal registrational study in pursuit of a standard approval.

 

Other clinical trials involving paxalisib are ongoing in advanced breast cancer, brain metastases, diffuse midline gliomas, and primary central nervous system lymphoma, with several of these trials having reported encouraging interim data. Paxalisib was granted Orphan Drug Designation for glioblastoma by the U.S. Food and Drug Administration (FDA) in February 2018, and Fast Track Designation (FTD) for glioblastoma in August 2020. Paxalisib was also granted FTD in July 2023 for the treatment of solid tumor brain metastases harboring PI3K pathway mutations in combination with radiation therapy.

 

 

 

 

Additionally, paxalisib was granted Rare Pediatric Disease Designation and Orphan Drug Designation by the FDA for diffuse intrinsic pontine glioma in August 2020 and for atypical teratoid / rhabdoid tumors in June 2022 and July 2022, respectively. Kazia is also developing EVT801, a small molecule inhibitor of VEGFR3, which was licensed from Evotec SE in April 2021. In addition to its clinical-stage programs, Kazia is advancing NDL2, a potentially first-in-class intracellular PD-L1 protein degrader program targeting a newly identified mechanism of immunotherapy resistance and metastatic progression, as well as MSETC, a potentially first-in-class SETDB1 inhibitor program intended to restore immune signaling in tumors that have become resistant to immunotherapy, including checkpoint inhibitors. Both programs are currently in preclinical development. For more information, please visit www.kaziatherapeutics.com or follow us on X @KaziaTx.

 

Forward Looking Statements

 

This announcement may contain forward-looking statements, which can generally be identified as such by the use of words such as “may,” “will,” “estimate,” “future,” “forward,” “anticipate,” “expect,” “plan,” “believe,” “potential,” or other similar words. Any statement describing Kazia’s future plans, strategies, intentions, expectations, objectives, goals or prospects, and other statements that are not historical facts, are also forward-looking statements, including, but not limited to, statements regarding: the planned expansion of the Phase 1b clinical trial of paxalisib in advanced TNBC; the anticipated increase in enrollment from 12 to 36 patients; expectations regarding the safety, tolerability, dose optimization and preliminary efficacy of paxalisib in combination with pembrolizumab and chemotherapy; the potential of paxalisib to treat advanced breast cancer, including TNBC; expectations regarding objective response rate, progression-free survival and translational biomarkers; anticipated timing of clinical trial updates throughout 2026 and into 2027; the timing and content of future public disclosures regarding the Company’s clinical programs; the Company’s decisions regarding the timing and manner of scientific presentations and publications, including the withdrawal of abstracts from scientific conferences for intellectual property-related reasons; and statements regarding the potential therapeutic benefit of paxalisib to modulate key resistance and immune-related pathways in difficult-to-treat breast cancer populations. Such statements are based on Kazia’s current expectations and projections about future events and future trends affecting its business and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements, including risks and uncertainties associated with: the development of early-stage therapeutic programs; the conduct of clinical trials, including the ability to enroll patients and achieve anticipated enrollment targets; the preliminary nature of data from a small, open-label clinical study, which may not be predictive of later-stage clinical results; risks related to regulatory approvals; risks related to Kazia’s reliance on third-party collaborators and clinical trial sites; risks related to the Company’s ability to obtain, maintain and protect its intellectual property, including decisions regarding the timing and manner of scientific disclosures; risks related to the impact of global economic conditions; and risks related to Kazia’s ability to maintain compliance with the applicable NASDAQ continued listing requirements and standards. These and other risks and uncertainties are described more fully in Kazia’s Annual Report on Form 20-F filed with the SEC, and in subsequent filings with the United States Securities and Exchange Commission. Kazia undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required under applicable law. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this announcement.

 

Media Contact

 

Michaela Fawcett

KCSA Strategic Communications

mfawcett@kcsa.com

 

 

 

FAQ

What did Kazia Therapeutics (KZIA) announce in this Form 6-K?

Kazia Therapeutics announced plans to expand its ongoing Phase 1b trial of paxalisib in advanced triple negative breast cancer, increasing planned enrollment from 12 to 36 patients to gain a more robust view of safety, dosing, and early efficacy signals in combination therapy.

How is Kazia Therapeutics changing the paxalisib breast cancer trial design?

The company is increasing planned enrollment in its Phase 1b paxalisib trial from 12 to 36 patients with advanced triple negative breast cancer. The expansion aims to better evaluate safety, tolerability, dose optimization, objective response rate, progression-free survival and translational biomarker readouts.

Why did Kazia Therapeutics withdraw its ASCO 2026 abstracts?

Kazia states it withdrew planned ASCO 2026 abstracts solely to protect its intellectual property position ahead of anticipated filings. The company emphasizes that the withdrawal was not driven by safety or clinical concerns and still plans to share further clinical and translational data updates.

What cancer type is targeted by Kazia’s expanded paxalisib trial?

The expanded Phase 1b trial targets advanced triple negative breast cancer, a subtype accounting for about 15–20 percent of breast cancer diagnoses and associated with poorer outcomes. Paxalisib is being tested with pembrolizumab and chemotherapy to address resistance and immune-related pathways in this population.

What other indications is Kazia testing paxalisib in besides breast cancer?

Beyond advanced breast cancer, paxalisib is or has been studied in glioblastoma, brain metastases, diffuse midline gliomas and primary central nervous system lymphoma. Several of these trials have reported encouraging interim data, and a Phase 2/3 glioblastoma study (GBM-Agile) was completed and reported in 2024.

What regulatory designations has paxalisib received from the FDA?

Paxalisib has multiple U.S. FDA designations, including Orphan Drug and Fast Track for glioblastoma, Fast Track for solid tumor brain metastases with PI3K pathway mutations, and Rare Pediatric Disease and Orphan designations for diffuse intrinsic pontine glioma and atypical teratoid/rhabdoid tumors.

Filing Exhibits & Attachments

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