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Company to Host International Roadshow the Week of January 13, 2025
LOS ANGELES, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Renovaro Inc. (NASDAQ: RENB), a pioneer in cancer diagnostics and therapeutics powered by artificial intelligence, today issued a letter to shareholders from Chief Executive Officer David Weinstein.
Dear Shareholders,
As we enter the new year, I wanted to update you on the progress we have made in the last two months and further define our trajectory for 2025. Our comprehensive analysis of both businesses and development of a 100-day plan of action has already turned up some hidden value in both businesses and is helping us understand key areas of the business we need to fortify. We have identified three areas as mission critical for building the point of care cancer detection, personalized therapy and vaccine business are: we need to acquire large amounts of data, build the business of clinical decision support for oncologists, and monetize our AI though building and licensing predictive models for drug repurposing and our cancer vaccine. We are meeting these three challenges through the acquisition of Predictive Oncology.
We recently signed a binding letter of intent to acquire Predictive Oncology (NASDAQ: POAI) that will provide us with a tremendous company-owned database consisting of 150,000 frozen / live tumor samples, 20 years of drug response data, 40,000 FFPE tissue blocks, 200,000 pathology slides and digital library, and a fully certified CLIA laboratory. We plan to commercialize Predictive’s clinical support test that assists oncologists in selecting the best therapy for their patients, and deploy their multi-omic AI system for drug discovery known as PEDAL (Patient-centric Discovery by Active Learning), a platform that combines AI technology, drug response data, and a large biobank of tumor samples to predict how different tumors will respond to various drugs. These capabilities strengthen all of our core programs at Renovaro.
When Renovaro Biosciences acquired GEDiCube, the rationale was that these two business segments were synergistic. This remains a core value proposition but for synergies to materialize requires structured collaboration between the two verticals: AI cancer detection and genetically enhanced cancer vaccines. Since my arrival at Renovaro we have prioritized this collaboration and have identified an array of joint initiatives. There are two business developments that we are pursuing.
1) Identifying a whole genome sequencer that can serve as the front end of our point of care cancer detection platform. Given our wet lab in California, this is where the initial testing will take place.
2) GEDiCube to deploy its AI/ML analysis to discover more genes and factors that can be deployed in our Dendritic Cancer Cell Vaccine (DCCV). Incorporating these new discoveries into our patent filings will build shareholder value by ringfencing our DCCV platform and providing us the ability to partner or license specific cancer applications. This has the potential to enhance the core three elements we infuse into our DCCV now, allowing it to become specific for cancer types, and ultimately be available as an off the shelf solution. In the future this could facilitate early cancer detection in a doctor’s office followed by the treatment of a patient with our vaccine. To gain exposure for our DCCV and generate business development we will be attending the American Association for Cancer Research (AACR), the first and largest cancer research organization, Annual Meeting in April 2025.