Rakovina Therapeutics Inc. Announces Q3 2023 Financial Results and Provides Corporate Update

VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Rakovina Therapeutics Inc. (TSX-V: RKV, the “Company”), a biopharmaceutical company dedicated to improving the lives of cancer patients through development of novel DNA-damage response inhibitor therapeutics, announced financial results for the quarter ended September 30, 2023, and provided a corporate update.

Corporate highlights during the past quarter included:

• On November 27, 2023, we announced the appointment of Prof. Artem Cherkasov, Professor in the Department of Urologic Sciences, Faculty of Medicine at the University of British Columbia, and Senior Scientist at the Vancouver Prostate Centre and Canada Research Chair in Precision Cancer Drug Design, to our Scientific Advisory Board.
• On November 20, 2023, we announced the appointment of Prof. Petra Hamerlik, Chair of Translational Neuro-Oncology at the University of Manchester and former CNS Cancer Bioscience Lead at AstraZeneca plc, to our Scientific Advisory Board.
• During the past quarter, we have continued preclinical research activities with the aim of advancing a lead candidate from our kt-3000 series program into human clinical trials during 2024.
• In October 2023, we presented additional data from our kt-3000 series at the AACR-NCI-EORTIC Molecular Targets and Therapeutics Meeting. These data demonstrate the potential of kt-3000 series drug candidates to treat cancers that are resistant to first-generation PARPi and potential to address unmet medical needs in the treatment of a range of cancers including leukemia, breast cancer, liver cancer, glioblastoma, prostate cancer, Ewing sarcoma and anaplastic thyroid cancer.
• In July 2023, we published a peer reviewed manuscript in the Journal of Clinical Cancer Research describing pre-clinical data for a kt-3000 lead candidate, kt-3283, as a potential treatment for Ewing sarcoma, a rare childhood tumor.
  

“Profs. Hamerlik and Cherkasov joining our Scientific Advisory Board signifies a pivotal step in our pursuit of cutting-edge advancements in oncology drug development,” said Rakovina Therapeutics executive chairman, Jeffrey Bacha.

“Our strides in the kt-3000 series program, especially the presentation at the AACR-NCI-EORTIC Molecular Targets and Therapeutics Meeting and the publication in the Journal of Clinical Cancer Research, showcase the promising potential of our drug candidates. The ability to tackle resistant cancers and address unmet medical needs across various types of cancer is truly groundbreaking.”