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RenovoRx, Inc. - RNXT STOCK NEWS

Welcome to our dedicated page for RenovoRx news (Ticker: RNXT), a resource for investors and traders seeking the latest updates and insights on RenovoRx stock.

RenovoRx, Inc. (RNXT) is a medical device and biopharmaceutical company based in Silicon Valley, California. The company focuses on developing innovative solutions for targeted delivery of fluids, including diagnostic and therapeutic agents to specific locations in the peripheral vascular system. With FDA clearance for their flagship product, RenovoCath™ RC120, RenovoRx is introducing this cutting-edge technology to the clinical market.

RenovoRx's proprietary platform, Trans-Arterial Micro-Perfusion (TAMP), aims to revolutionize cancer treatment by ensuring precise therapeutic delivery directly to the tumor site. This targeted approach is designed to reduce the toxicities commonly associated with systemic intravenous therapy, potentially improving therapeutic outcomes for cancer patients.

The company is driven by a highly motivated team with extensive experience in the medical field and supported by a robust medical advisory board and a distinguished board of directors. RenovoRx's commitment to innovation and patient care has positioned it as a leader in the area of targeted therapeutic delivery.

For more information or inquiries, please contact RenovoRx at info@renovorx.com.

Rhea-AI Summary

RenovoRx has raised $17.2 million in gross proceeds since early 2024, enabling the advancement of its pivotal Phase III TIGeR-PaC clinical trial for Locally Advanced Pancreatic Cancer (LAPC) and the expansion of its drug-delivery platform into additional cancer indications. The company, led by CEO Shaun Bagai, aims to improve patient outcomes with its precision oncology therapies. Recent promotions within the management team and publications supporting the Trans-Arterial Micro-Perfusion (TAMP) platform demonstrate progress. A second interim analysis for the TIGeR-PaC trial is expected by late 2024, following the completion of the first interim analysis in March 2023.

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RenovoRx has announced the publication of pre-clinical studies demonstrating the efficacy of its Trans-Arterial Micro-Perfusion (TAMP) therapy platform.

The data, published in the Journal of Vascular Interventional Radiology, reveals a 100-fold increase in local tissue concentration of chemotherapy when using TAMP compared to conventional intravenous delivery.

TAMP aims to improve the safety and efficacy of oncology therapies by delivering drugs directly to solid tumors, potentially reducing systemic toxicity and widening the therapeutic window.

The studies were co-authored by experts from the Oregon Health and Science University, University of Pittsburgh Hillman Cancer Center, and RenovoRx.

The platform could address unmet needs in localized drug delivery, pending validation from ongoing Phase III clinical trials.

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RenovoRx, a clinical-stage biopharmaceutical company (Nasdaq: RNXT), will take part in a fireside chat at the A.G.P. Virtual Healthcare Company Showcase on May 21, 2024. CEO Shaun Bagai will discuss the company's recent milestones, including raising $17.2 million through private placements. This funding will support RenovoRx's Phase III TIGeR-PaC clinical trial for its lead product, RenovoGem, aimed at treating locally advanced pancreatic cancer. The TIGeR-PaC's second interim analysis is anticipated by late 2024. The event will be moderated by Scott Henry, Managing Director at A.G.P.

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RenovoRx, Inc. (RNXT) CEO Shaun R. Bagai will present at the Aegis Capital Virtual Conference on May 9, 2024. The company recently completed private placements raising $17.2 million. This funding will support the Phase III TIGeR-PaC clinical trial for RenovoGem™ in locally advanced pancreatic cancer. The second interim analysis is expected in late 2024.

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RenovoRx, a clinical-stage biopharmaceutical company, regains compliance with Nasdaq's stockholders' equity requirement after successful fundraising, securing $17.2 million in gross proceeds and a cash runway into 2026. The company no longer requires a Nasdaq Hearings Panel monitor, focusing on value creation events like the Phase III TIGeR-PaC clinical trial and expanding the TAMP™ clinical development pipeline.
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RenovoRx highlights the recent presentation of clinical data abstract at the 2024 Society of Interventional Radiology Annual Scientific Meeting. The sub-study of the pivotal Phase III TIGeR-PaC clinical trial provides important data for optimizing TAMP therapy in patients with locally advanced pancreatic cancer.
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RenovoRx closes an $11.1 million private placement, bringing the total gross proceeds to $17.2 million since the beginning of 2024. The funding will support pivotal Phase III clinical trials and expand the development pipeline into additional cancer indications, ensuring financial stability until 2026.
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RenovoRx secures $11.1 million in private placement financing to extend cash runway into 2026. The funding will support the pivotal Phase III TIGeR-PaC trial and expand the TAMP clinical development pipeline into additional cancer indications.
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RenovoRx, Inc. (RNXT) CEO to present at Canaccord Genuity 2024 Horizons in Oncology Virtual Conference to discuss positive interim analysis in pivotal Phase III TIGeR-PaC clinical trial for RenovoGem™ in locally advanced pancreatic cancer. Recent private placement extended cash runway for key milestones in 2024.
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RenovoRx, Inc. (RNXT) announced CEO Shaun Bagai will present at the 36th Annual ROTH Conference to discuss positive interim analysis results for the pivotal Phase III TIGeR-PaC clinical trial on RenovoGem™ for pancreatic cancer. The company also completed a $6.1 million private placement to extend cash runway for upcoming milestones in 2024.
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FAQ

What is the current stock price of RenovoRx (RNXT)?

The current stock price of RenovoRx (RNXT) is $1.29 as of November 22, 2024.

What is the market cap of RenovoRx (RNXT)?

The market cap of RenovoRx (RNXT) is approximately 31.2M.

What does RenovoRx, Inc. specialize in?

RenovoRx specializes in developing targeted delivery solutions for fluids, including diagnostic and therapeutic agents, in the peripheral vascular system.

What is the RenovoCath™ RC120?

RenovoCath™ RC120 is a medical device developed by RenovoRx for targeted therapeutic delivery. It has received FDA clearance.

What is the Trans-Arterial Micro-Perfusion (TAMP) platform?

The TAMP platform is RenovoRx's patented technology designed for precise therapeutic delivery directly to tumor sites, potentially reducing toxicities associated with systemic therapies.

Where is RenovoRx headquartered?

RenovoRx is headquartered in Silicon Valley, California.

Who backs RenovoRx's initiatives?

RenovoRx is backed by a broad medical advisory board and a strong board of directors.

What is the primary goal of RenovoRx's therapies?

The primary goal is to improve therapeutic outcomes for cancer patients by directly targeting tumors and minimizing treatment toxicities.

How can I contact RenovoRx for more information?

You can contact RenovoRx via email at info@renovorx.com.

What makes RenovoRx's technology unique?

Their technology ensures high-concentration delivery of therapeutic agents to specific vasculature without perfusion overlap to other regions, enhancing treatment efficacy and safety.

Is RenovoRx currently in clinical stages?

Yes, RenovoRx is a clinical-stage biopharmaceutical company.

What recent achievements has RenovoRx made?

RenovoRx has received FDA clearance for RenovoCath™ RC120 and is actively introducing its innovative technology to the clinical market.

RenovoRx, Inc.

Nasdaq:RNXT

RNXT Rankings

RNXT Stock Data

31.20M
23.54M
1.9%
8.18%
0.3%
Biotechnology
Pharmaceutical Preparations
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United States of America
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