Renovaro Stock Price, News & Analysis

Renovaro (NASDAQ: RENB), a pioneer in cancer diagnostics and therapeutics powered by artificial intelligence, has appointed Nathen Fuentes, CPA, as Chief Financial Officer effective January 2, 2025, replacing interim CFO Simon Tarsh.

Fuentes brings extensive experience in biotechnology and specialty healthcare finance, with expertise in leading acquisition and organic growth initiatives. His previous roles include CFO positions at Telomir Pharmaceuticals, Emergence Health Holdings, Divergent Dental Group, Family First Homecare, and Dermatology Medical Partners. He also served as Controller at Glytec and worked at PricewaterhouseCoopers.

The new CFO holds a Bachelor of Science in marketing from the University of Florida and a Master of Science in accounting from Fairfield University. His appointment aims to support Renovaro's mission of revolutionizing healthcare through advanced cancer diagnostics and personalized immunotherapy solutions.

Renovaro Inc. (NASDAQ: RENB) has issued a corporate update highlighting recent developments and 2025 plans. The company has signed a binding letter of intent to acquire Predictive Oncology, which will provide access to a vast database including 150,000 frozen tumor samples and 20 years of drug response data. The acquisition aims to strengthen Renovaro's core programs in cancer diagnostics and therapeutics.

The company has formed a strategic collaboration with Nebul to access advanced computing capabilities for their AI-powered cancer detection tests. Through the Lumina project, they will receive 300 samples for non-small cell lung cancer analysis. Additionally, Maurice van Tilburg has transitioned to full-time CEO of the AL/ML subsidiary, GEDiCube, and Nathen Fuentes has joined as CFO. The company has regained good standing with NASDAQ and plans an international roadshow in January 2025.

Renovaro (NASDAQ: RENB) has announced a binding LOI to acquire Predictive Oncology (NASDAQ: POAI) in an all-stock transaction. The acquisition provides Renovaro access to a significant biobank containing over 150,000 tumor specimens and 200,000 pathology slides, along with decades of longitudinal drug response data.

The merger combines Predictive Oncology's AI-driven multi-omic drug discovery platform with Renovaro's AI Cube technology, aiming to advance cancer diagnostics and early drug discovery. Predictive Oncology's platform has demonstrated 92% accuracy in predicting tumor-drug response, potentially enabling a decision support platform launch for medical oncologists in 2025.

Key synergies include access to a state-of-the-art CLIA, NYSDOH, and CA-certified laboratory, accelerated biomarker discovery capabilities, and enhanced clinical trial optimization. The combined entity aims to deliver a global point-of-care solution for cancer, integrating diagnostics, early detection, and personalized therapies.

Renovaro Inc. (NASDAQ: RENB) has appointed Maurice van Tilburg, its current Chairman of the Board, as Chief Executive Officer of its subsidiary GEDi Cube BV, a company specializing in AI-driven cancer diagnostics. Van Tilburg brings extensive experience from his previous roles, including Director of the Dutch National Growth Fund where he managed €11B in government investments, and CEO of Euronext Amsterdam. In his new position, he will focus on commercializing technologies, advancing partnerships with Nebul for early cancer detection, and leading the Lumina project for lung cancer Minimal Residual Disease detection. The appointment aims to accelerate GEDi Cube's development pipeline and create value through various products and services in cancer diagnostics and therapeutics.

Renovaro (NASDAQ: RENB) announced that its subsidiary RenovaroCube has received grant funding approval for the Lumina project from the Eurostars funding program. The project, developed in collaboration with Flomics Biotech, Uppsala Universitet, and Oncodia, aims to create an advanced Minimal Residual Disease (MRD) detection platform for lung cancer using multi-omics biomarkers and AI technology.

The Eurostars program, co-funded by the European Union through Horizon Europe, provides over €250M in expected public-private investment annually for innovative SME projects. The Lumina platform targets a significant medical need, as 60% of curatively treated lung cancer patients experience relapse among the 5.7 million lung cancer cases monitored globally each year. The project combines liquid biopsies with multi-omics biomarker technology to provide non-invasive, accurate disease detection.

Renovaro (NASDAQ: RENB), a company focused on AI-powered cancer diagnostics and therapeutics, has announced its successful compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq's Listing Qualifications Department that it has met the minimum $1.00 per share requirement under Rule 5550(a)(2). This resolves the previous notification received on September 12, 2024, when RENB's closing bid price had fallen below the required threshold for 30 consecutive business days. The company's shares will continue to trade on the Nasdaq Capital Market.

Renovaro (NASDAQ: RENB) has announced a strategic collaboration with Nebul, a European NVIDIA NPN DGX Preferred Cloud Service Provider, to advance early disease detection. Through its subsidiary Renovaro Cube, the company plans to deploy a dedicated NVIDIA SuperPOD powered by NVIDIA DGX B200™ systems featuring the latest Blackwell GPUs.

The collaboration follows a successful pilot project confirming processing capabilities of liquid biopsy samples on NVIDIA's GPUs. Each DGX B200 system delivers up to 72 petaFLOPS of training performance and 144 petaFLOPS of inference performance. The partnership aims to develop non-invasive liquid biopsy technologies using cfDNA and 3rd-generation sequencing for faster disease detection and analysis.

Renovaro Inc. (NASDAQ: RENB) released a shareholder letter from new CEO David Weinstein outlining the company's direction in cancer diagnostics and therapeutics. The company is developing two main verticals: a dendritic cancer cell vaccine (DCCV) for solid tumors, which showed promising preclinical results in pancreatic tumors, and RenovaroCube, an AI-powered multi-cancer early detection platform. The company has filed required SEC documents, dismissed a derivative class action lawsuit, and appointed new board members. A 100-day commercialization plan is being developed, focusing on advancing existing partnerships and leveraging synergies between both verticals.

RenovaroCube (NASDAQ: RENB), a leader in AI-driven cancer diagnostics, presented groundbreaking research at the Molecular Analysis for Precision Oncology Congress on October 16, 2024. The study explores the use of Oxford Nanopore sequencing on circulating cell-free DNA (cfDNA) from blood plasma to detect copy number alterations (CNAs) in lung cancer patients.

Key findings include:

• Effective capture of significant CNAs in lung cancer tissues
• Potential for estimating tumor fractions
• Reduced need for invasive tissue biopsies

This research represents a significant advancement in oncology, offering potential improvements in cancer monitoring, prognosis prediction, targeted therapy, and precise cancer subtyping. RenovaroCube continues to advance precision medicine through innovative technologies, aiming to provide more effective, patient-centered cancer care.