Renovorx Inc Stock Price, News & Analysis

RenovoRx, a biopharmaceutical company focused on targeted drug delivery for locally advanced pancreatic cancer, announced the appointment of Dr. Robert J. Spiegel to its Board of Directors as of April 25, 2023. With over 40 years in the biopharmaceutical sector, Dr. Spiegel has been instrumental in more than 30 FDA drug approvals, including significant cancer therapies. His leadership is expected to drive discussions with the FDA to expedite progress with RenovoGem™, currently in a Phase III trial for LAPC. RenovoRx's innovative drug delivery platform, RenovoTAMP™, aims to improve treatment outcomes while minimizing side effects. The company holds multiple patents and has received Orphan Drug Designation for its therapies. CEO Shaun Bagai emphasized ongoing trial enrollment and regulatory engagement as part of the company’s growth strategy.

RenovoRx, a biopharmaceutical company, presented interim data from its Phase III TIGeR-PaC study at the AACR Annual Meeting. The analysis revealed that patients receiving the RenovoGem therapy for locally advanced pancreatic cancer exhibited a 60% improvement in median overall survival, reaching 16 months compared to 10 months for those on standard chemotherapy (IV gemcitabine and nab-paclitaxel). Additionally, RenovoGem patients experienced over a 65% reduction in adverse events such as nausea and fatigue. The Data Monitoring Committee found the results promising enough to continue the trial, which aims to enroll 114 patients. CEO Shaun Bagai emphasized the therapy's potential to change treatment protocols and enhance patient life quality. The next interim analysis is anticipated in mid to late 2024.

RenovoRx, a biopharmaceutical firm focused on localized cancer treatment, has appointed Leesa Gentry as the new Senior Vice President of Clinical Operations. Gentry, an expert with 29 years of experience in clinical trials management, is the fourth executive added to the management team recently. Her past roles include Senior Vice President at Evotec and significant contributions at PPD and Otsuka. The company is buoyed by positive interim data from its Phase III clinical trial on pancreatic cancer treatment, RenovoGem^TM. CEO Shaun Bagai expressed confidence in Gentry's ability to advance the company's clinical trials, enhancing its mission to improve patient outcomes in oncology.

RenovoRx, Inc. (Nasdaq: RNXT) announced a definitive agreement with an institutional investor to sell 1,557,632 shares of its common stock at $3.21 per share in a registered direct offering. The expected closing date is around April 3, 2023. Concurrently, the Company will issue warrants for an additional 1,947,040 shares at the same exercise price, with a term of five and a half years. Gross proceeds are anticipated to be approximately $5 million, aimed at working capital and general corporate purposes. Roth Capital Partners is the exclusive placement agent for this offering.

RenovoRx (NASDAQ: RNXT) announced promising interim data from its Phase III TIGeR-PaC trial for the RenovoGem therapy targeting pancreatic cancer. The results show a significant 6-month median overall survival benefit of 16 months for RenovoGem patients, compared to 10 months for those on standard IV chemotherapy. Notably, RenovoGem patients experienced over a 65% reduction in side effects like nausea and fatigue. These findings support discussions with the FDA to expedite further development. The second interim analysis is anticipated in mid-2024.