Fiscal Second Quarter Highlights and Recent Developments
Rakovina Therapeutics researchers are conducting in vitro analyses of kt-2000, kt-3000, and kt-4000 series compounds in high-throughput cellular and biochemical assays, benchmarked against FDA-approved cancer therapies. We have also established a cancer cell line repository representing a range of DNA-repair proficient and deficient cancers and commenced testing with all compound series.- We have established a recombinant protein production capacity that will be used to determine compound-target interaction kinetics, as well as detailed structural information on compound-protein complexes to support future investigational new drug (IND) filings for future clinical trials.
- We have obtained animal ethics approval to allow for evaluation of our drug candidates in murine tumor models within our dedicated laboratories at the
University of British Columbia and preparation for in vivo testing of potential lead candidates is underway. - On
August 17, 2021 , we announced the acceptance of an abstract to be presented at theAACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics , which is being held virtuallyOctober 7-10, 2021 . This meeting represents the first opportunity to communicate promising new data at leading peer-reviewed scientific meetings.
“We are pleased with the continued steady progress in our research activities since
Summary Financial Results for Quarter Ended
The Company commenced operations on
For the three months ending
Selected Financial Information | As at $ |
Cash & cash equivalents | 3,821,301 |
Working capital | 3,946,952 |
Intangible assets | 5,857,527 |
Total Assets | 9,960,252 |
Total liabilities | 155,773 |
Deficit | (4,032,447) |
Total equity | 9,804,479 |
Statements of net loss and comprehensive loss data: | For the three months ended $ |
Research & Development | 486,400 |
General and administrative | 351,183 |
Net loss and comprehensive loss | 835,062 |
Basic and diluted income (loss) per share | (0.01) |
Weighted average shares outstanding | 69,722,835 |
Rakovina Therapeutics’ financial statements as filed with SEDAR can be accessed from the Company’s website at: https://www.rakovinatherapeutics.com/corporate-profile/
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Contact:
Chief Financial Officer Email: info@rakovinatherapeutics.com | Investor Relations Contact IR@rakovinatherapeutics.com Media Contact MEDIA@rakovinatherapeutics.com |
Source:
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